Fannie and Freddie: All the news that’s NOT fit to print

HELP FOR HOMEOWNERS: Big News Becomes No News
hat tip: News Dissector Blog

NC: A ban on foreclosure sales and evictions from houses owned by mortgage giants Fannie Mae and Freddie Mac, which began as a high-profile effort just before the holidays to keep people in their homes as the government tried to come up with homeowner rescue plans, is over.

Spokesmen for Fannie Mae and Freddie Mac confirmed the ban ended March 31, in a response to an inquiry from TWI. The agencies made a major announcement in November to roll out the ban, garnering headlines and extensive news coverage. Freddie Mac CEO David Moffett issued a statement at the time, saying the ban “provides a new measure of certainty” to families facing foreclosures during the holidays.

There was NO ANNOUNCEMENT this time. PS: Yes you remembered: The federal government pumped BILLIONS into these so-called Government Supported Enterprises (GSEs) and appears to have no clout or willingness to act.

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