WASHINGTON–Fannie Mae said it will not be playing the role of the Grinch this holiday season, reporting it will suspend evictions of foreclosed single-family properties during the holidays.
The suspension of evictions will apply to single-family and two-four unit properties from Dec. 18, 2015, through Jan. 3, 2016. During this period, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in the home, Fannie Mae said.
“As we have done in past years, we are suspending evictions during the holidays,” said Joy Cianci, senior vice president of credit portfolio management for Fannie Mae, in a released statement. “We also continue to remind homeowners who may be struggling with their mortgages to reach out for help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible.”