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Fannie and Freddie Suspend Foreclosures into January 2009

More “Hope for Homeowners” facing foreclosure, or just more hot-air from Washington, DOA? Well it appears that Fannie Mae and Fredie Mac - the semi-defunct, quasi-government holders of trillions in mortgage debt have announce today, November 20, 2008 that they will suspend foreclosure proceedings into January 2009, obviously the very very least they could do.
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