Wednesday, December 5, 2012

Wells Fargo suspending evictions for holiday season

Wells Fargo will not evict families from their homes between Dec. 19 and Jan. 2 "in keeping with Wells Fargo values and the spirit of the holiday season," the bank said Wednesday.

Wells will also not move forward on foreclosure sales during that period.

The suspension only applies to mortgage loans Wells Fargo owns. Wells will follow the rules set by the investor that owns the loans the bank services.

Fannie Mae and Freddie Mac, the mortgage giants that own roughly half the nation's loans, both announced this week that they were halting evictions during the same period. Freddie Mac's period actually begins two days earlier, on Dec. 17.


Anonymous said...

Hanukkah starts on the 8th. What about them?