Freddie Mac announces nationwide suspension of eviction lock-outs from Dec. 18, 2013, to Jan. 3, 2014, for all foreclosed occupied single-family homes, 2-4 unit properties with Freddie Mac-owned or guaranteed mortgages

Allison Oesterle

MCLEAN, Virginia , December 12, 2013 (press release) – Freddie Mac (OTCQB: FMCC) today announced a nationwide suspension of eviction lock-outs between December 18, 2013 and January 3, 2014. The moratorium applies to all foreclosed occupied single family homes and 2-4 unit properties that had Freddie Mac owned-or guaranteed mortgages.

News Quote:

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

"At this time of year we want to bring some relief to families who confronted financial difficulties and went through foreclosure. We also want to remind homeowners going into the New Year facing financial challenges to reach out for help as soon as they can by calling their mortgage servicer."

News Facts:

• The two-week holiday suspension will apply to eviction lockouts on Freddie Mac-owned REO homes but will not affect other pre- or post-foreclosure activities.
• Although no evictions will take place, firms handling local evictions for Freddie Mac may continue to file documentation in preparation for evictions scheduled after the suspension ends in January 2014.

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