Scottsdale Arizona Mortgage Rates for November 21, 2008

Quick Mortgage News Update

Freddie Mac & Fannie Mae temporarily halted foreclosure sales and evictions. Fannie Mae, issued Lender Letter 04-08 announcing that they are “halting all foreclosure sales on occupied single-family properties that are scheduled to occur from November 26, 2008 through January 9, 2009. This temporary halt also applies to eviction lockouts of occupied single-family properties.”

Fannie & Freddie are working with FHFA, to implement their streamlined loan modification program by December 15, 2008.