HAPPY HOLIDAYS TO MANY HOUSEHOLDS who are currently facing foreclosure! Mortgage Finance compaines Fannie Mae and Freddie mac are suspending foreclosures for approximately 16,000 households during the holiday season. According to the Washington Times, the two companies said Thursday that they will halt lforeclosure sales between November 26th and January 9th, while they evaluate whether borrowers qualify for a new loan modicfication program announced last week. Fannie Mae said approximately 10,000 households would be affected while Freddie Mac said about 6,000 borrowers would be affected who are facing foreclosure however, this change does not apply to vacant homes. During this suspension, they will be evaluating what borrowers qualify for loan modification programs. Hopefully this will lighten the pressure and stress on these families over the holidays!