Fannie Mae Announces Eviction Moratorium for the Holidays

WASHINGTON, Dec. 12, 2016 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today that it will suspend evictions of foreclosed single-family properties during the holiday season. The suspension of evictions will apply to single-family and 2-4 unit properties from December 19, 2016 through January 2, 2017. During this period, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in the home.

"We believe it is important to extend the timeline of help for struggling borrowers during the holidays," said Joy Cianci, senior vice president of Single-family Special and Distressed Assets at Fannie Mae. "If you are in trouble or facing foreclosure, reach out to Fannie Mae or your servicer today 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.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fannie-mae-announces-eviction-moratorium-for-the-holidays-300376533.html

SOURCE Fannie Mae