Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season.Call me a softy, but I agree with this. A little extra kindness during the Christmas season never hurt anyone. Besides, how can you buy gifts from Amazon.com if you don't know where you're going to be living when the package arrives.
The two companies say they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate whether borrowers qualify for a new loan modification program.
I encourage other mortgage lenders to do this as well.