Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures and evictions for about two weeks in a temporary break for borrowers during the holiday season.
The suspension, announced last week by the government-controlled companies, runs from Saturday through January 3rd.
Earlier Thursday, Citigroup Inc. announced a 30-day suspension of foreclosures and evictions, affecting about 4,000 borrowers. Fannie and Freddie did not estimate how many homeowners would get this grace period.
While these announcements are nice, it actually affects very few people and is viewed more as publicity stunt as these are not real solutions, just temporary suspensions for the holidays.





