This was emailed to me by one of our Title Rep and thought I'd share it to the public.

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Orange County Register

November 21, 2008


Happy holidays: Freddie, Fannie halt foreclosures till 2009


By John Gittelsohn

Freddie Mac and Fannie Mae say they're taking a holiday from foreclosing
homes between Thanksgiving and Jan. 9.

The suspension will give breathing room to about 10,000 Fannie Mae and
6,000 Freddie Mac customers facing property losses over the holidays.

Also participating in the program are 27 mortgage loan servicers, which
are working with federal officials to devise a comprehensive loan
modification program to allow more property owners to stay in their
homes.

"The streamlined modification program by Fannie Mae, Freddie Mac, Hope
Now and 27 mortgage servicers is an important step forward in addressing
the systemic issues driving the increase in foreclosures," said Fannie
Mae President and Chief Executive Officer Herb Allison. "Until the
streamlined modification program is fully implemented, we felt it was in
the best interest of both borrowers and Fannie Mae to take this extra
step to ensure that homeowners with the desire and ability to prevent a
foreclosure have an opportunity to stay in their homes."

To see the Fannie announcement, CLICK HERE
<http://www.fanniemae.com/newsreleases/2008/4531.jhtml;jsessionid=ILQIEK
HVIJZY1J2FECISFGI?p=Media&s=News+Releases> .

To see the Freddie announcement, CLICK HERE
<http://www.freddiemac.com/news/archives/servicing/2008/20081120_foreclo
sure-suspend.html> .