Freddie Mac Announces Holiday Eviction Moratorium Between December 17, 2014 and January 2, 2015

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Freddie Mac Announces Holiday Eviction Moratorium Between December 17, 2014 and January 2, 2015

Freddie Mac Announces Holiday Eviction Moratorium Between December 17, 2014 and January 2, 2015

Freddie Mac (OTCQB: FMCC) today announced a nationwide suspension of eviction lockouts between December 17, 2014 and January 2, 2015. The moratorium applies to all foreclosed occupied single family homes and 2-4 unit properties that had Freddie Mac owned-or guaranteed mortgages.

Freddie Mac Quote:

Attribute to Chris Bowden, Senior Vice President of REO at Freddie Mac.

“Today’s announcement will bring some holiday relief to borrowers who went through foreclosure and were preparing to move. We strongly urge homeowners with financial challenges to start the New Year by calling their mortgage servicer to explore one of the Freddie Mac workout options that have prevented over one million foreclosures since 2009.”

News Facts:

  • The holiday suspension will apply to eviction lockouts on Freddie Mac-owned REO homes but will not affect other pre- or post-foreclosure activities.
  • Companies managing local evictions for Freddie Mac may continue to file documentation as needed during the suspension period.
  • Freddie Mac has enabled more than one million financially troubled borrowers avoid foreclosure. For more information on Freddie Mac mortgage relief, visit the Mortgage Help Resource Center at freddiemac.com.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

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