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Merry Christmas from Fannie & Freddie…?

Fannie Mae & Freddie Mac: No foreclosures for the holidays

Mortgage giants Fannie Mae and Freddie Mac recently announced that they will temporarily halt all bank repossessions and evictions beginning in mid-December until Jan. 2, 2013.  Well, isn’t this nice of them!  Part of me wants to say thank you and another part of me wants to roll my eyes.  Although this may be welcome news to those going through the foreclosure process, in my opinion this is just their way of creating “good publicity” masking the fact that due to employee vacations, etc. they just can’t get it all done in time! Read the rest of this entry