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Business Briefing / Mortgages

Freeze on evictions extended

March 07, 2009|TIMES WIRE SERVICES

Government-controlled mortgage finance company Fannie Mae said it is extending a halt to evictions on foreclosed properties through the end of March as it implements pieces of the Obama administration's plan to help struggling homeowners.

Fannie Mae's extension comes two weeks after the company announced its moratorium on foreclosure-related evictions, which initially was to run through Friday.

On Thursday, Freddie Mac, another mortgage finance giant controlled by the government, took a similar action, extending its moratorium on foreclosure-related evictions through April 1.

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