Monday, February 02, 2009

Get together on same page - President, Freddie Mac and Fannie Mae!

Spring will bring a thaw in winter, what will it bring for those who who may be locked out of their homes in March - What does the Groundhog have to say about that!

Although both Fannie Mae and Freddie Mac have suspended foreclosure evictions, they have not stopped filing new foreclosures. Bloomberg reports that according to Brad German at Freddie Mac and Brian Faith at Fannie Mae, both are in fact still initiating new evictions proceedings, and have simply suspended taking the final step of locking people out of their homes.

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