Share in Servicing Fannie Mae and Freddie Mac Share Holiday Cheer December 3, 2012 520 Views Fannie Mae Freddie Mac Lenders & Servicers 2012-12-03 Ashley Harris Homeowners facing foreclosure will find a brief respite during this year’s holiday season. Both “”Freddie Mac””:http://www.freddiemac.com/ and “”Fannie Mae””:http://www.fanniemae.com/portal/index.html have announced that they will pause on evicting families from their homes so that they can spend a few days not worrying about the future and focus on family.[IMAGE]Freddie Mac will suspend eviction activity on foreclosed single-family and two to four unit properties from December 19, 2012 through January 2, 2013. Fannie Mae will halt eviction activity from December 17, 2012 through January 2, 2012.[COLUMN_BREAK]Legal proceedings in regards to the foreclosures will still continue, but families will be able to remain physically in their homes for a couple of weeks during the end of the year. “”We’re taking this step in support of families who have faced financial challenges and gone through a foreclosure,”” said Terry Edwards, executive vice-president of credit portfolio management for Fannie Mae in a statement. “”The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year. We encourage homeowners having difficulty to reach out for help as soon as possible.””This stay on evictions is separate from the 90-day suspension issued to Hurricane Sandy survivors. They have until February 1, 2013 to find an alternative housing solution. “”We are instructing our foreclosure attorneys to suspend pending eviction lockouts on foreclosed homes in order to provide a greater measure of certainty to families during the holiday season,”” said Tracy Mooney, Senior Vice President of Servicing and REO at Freddie Mac in a statement.
PBA: Rain or Shine overcomes San Miguel, McCullough’s 51 to avert sweep MOST READ Bogo City sustained more than P700 million in damage caused by supertyphoon Yolanda last Nov. 8. Correspondent Michelle Joy L. Padayhag MORE STORIESnewsinfoWHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccinenewsinfoBaybayin revival makes native PH history hipnewsinfoMartial law in Negros? Military taking cue from local execsMORE STORIESnewsinfoWHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccinenewsinfoBaybayin revival makes native PH history hipnewsinfoMartial law in Negros? Military taking cue from local execs Read Next PCSO to focus on improving transparency of gaming activities PLAY LIST 03:26PCSO to focus on improving transparency of gaming activities01:39Sotto open to discuss, listen to pros and cons of divorce bill06:02Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements01:50Palace open to make Dengvaxia usable again as dengue cases spike01:49House seeks probe on ‘massive corruption’ in PCSO01:37PCSO estimates P250M in Lotto revenue loss due to suspension LATEST STORIES Baybayin revival makes native PH history hip Palace open to make Dengvaxia usable again as dengue cases spike Painters refuse to go quietly “This is not just a bonus but a reward to everyone because they have been our work force here before and after Yolanda,” City Administrator Carlo Logarta said.Bogo City Mayor Celestino Martinez Jr., said the bonus covered 537 employees including the regular and job order employees. They each received a ham as well.FEATURED STORIESNEWSINFOSenate to probe Tolentino’s ‘novel legal theories’ on oral agreementsNEWSINFOLocsin wants to drop ‘visas upon arrival’ privilegeNEWSINFOPalace open to make Dengvaxia usable again as dengue cases spikeThe budget for this year’s bonus is P3.8 million compared to last year’s P5 million.No Christmas party for employees was held in view of the widespread typhoon damage. Instead, a Mass was offered followed by speeches of officials. WHAT WENT BEFORE: Dengvaxia is world’s first dengue vaccine Don’t miss out on the latest news and information. Locsin wants to drop ‘visas upon arrival’ privilege PH protests Chinese boat swarm, warship passage Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements DESPITE the devastation caused by supertyphoon Yolanda, Bogo City Hall employees and officials received their Christmas bonus last Friday.All elected officials were given P15,000, while regular employees were given P10,000 and contractual and job order workers were given P5,000.ADVERTISEMENT View comments