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Fannie and Freddie Announce Holiday Eviction Moratoriums

first_img The Best Markets For Residential Property Investors 2 days ago Home / Featured / Fannie and Freddie Announce Holiday Eviction Moratoriums Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Both Fannie Mae and Freddie Mac today announced eviction moratoriums for the holidays, designed to help buy struggling homeowners time to explore their options.Fannie Mae will suspend evictions of foreclosed single-family properties during the holiday season from December 18, 2017, through January 2, 2018. This suspension applies to single-family and 2-4 unit properties. The moratorium doesn’t stop legal and administrative proceedings for evictions, but families will be allowed to stay in their homes during the process.”We’re taking steps to support families and to extend the timeline of help for struggling borrowers during the holidays,” said Jacob Williamson, VP of Single-Family Distressed Assets at Fannie Mae. “We also encourage homeowners who may be struggling with their mortgage to reach out to Fannie Mae or their servicer to get help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible.”Homeowners can visit www.knowyouroptions.com for resources on how to prevent foreclosure, including how to find out if Fannie Mae owns their loan. Homeowners also can contact Fannie Mae at 1-800-232-6643 for more information.On the Freddie Mac side of things, Freddie announced a nationwide suspension of eviction lock-outs during that same window of December 18, 2017, through January 2, 2018. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac.Yvette Gilmore, Freddie Mac’s VP of Single-Family Servicer Performance Management, said in a statement, “As we have done in past years, we are suspending evictions over the holidays. For borrowers who may be experiencing financial challenges we strongly urge them to contact their mortgage servicer to explore one of the Freddie Mac workout options.”Freddie also confirmed that it has “suspended all foreclosure sales in eligible disaster areas impacted by Hurricanes Harvey, Irma and Maria.” Subscribe Related Articles The Best Markets For Residential Property Investors 2 days ago Tagged with: eviction moratorium Evictions Fannie Mae Freddie Mac Previous: First American to Acquire Bank of America’s Lien Release Business Next: What’s on the Horizon for Housing Affordability? About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Featured, Foreclosure, Journal, News Fannie and Freddie Announce Holiday Eviction Moratoriums Governmental Measures Target Expanded Access to Affordable Housing 2 days ago eviction moratorium Evictions Fannie Mae Freddie Mac 2017-12-11 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily  Print This Post December 11, 2017 2,303 Views last_img read more

Lin-Manuel Miranda & Wife Vanessa Nadal Expecting First Child!

first_img View Comments Star Files Tony winner Lin-Manuel Miranda and his wife Vanessa Nadal expect to welcome their first child in early November. The composer and Freestyle Love Supreme member shared the news on Twitter, along with a onesie perfect for the newborn of a video game lover.Miranda, who recently starred in City Center Encores!’ tick, tick…BOOM!, won a Tony in 2008 for penning the score of In the Heights; he was also nominated for his performance in the musical. He also wrote the score to Bring it On and provided Spanish translations for the most recent West Side Story revival. He will star in the titular role in his new musical Hamilton off-Broadway beginning in January 2015.Miranda and Nadal were married on September 5, 2010. In true Miranda fashion, he surprised his bride with a fully choreographed routine of “L’Chaim” from Fiddler on the Roof with their family and friends.center_img Lin-Manuel Mirandalast_img read more