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Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac will suspend foreclosure evictions from Dec. 19, 2009 through Jan. 3, 2010.  The temporary moratorium was created to help struggling families over the holidays

Fannie Mae is suspending all foreclosure evictions on owner-occupants and tenants living in foreclosed properties the company holds.  Freddie Mac also will suspend all evictions involving foreclosed, occupied, single family, and 2-4 unit properties with Freddie Mac-owned mortgages.

In a similar move, Citigroup Inc. also announced it will suspend foreclosure sales and evictions for 30 days through Jan. 17, 2010 for loans it owns.  Citigroup’s foreclosure moratorium; however, does not extend to loans it services on behalf of other investors.
Given these developments, other lenders may follow suit.  Consumers should check with individual lenders to verify participation in the holiday moratorium.