Well, I guess it’s not the holidays anymore, because they have quietly ended their ban and are beginning to send notices of default and sale where applicable.

In a brief statement, Fannie Mae spokesman, Brian Faith said that they will take into account the “Making Home Affordable” program which says that a foreclosure can only occur on a Fannie Mae loan if the loan servicer has determined that the home owner is ineligible for an affordable modification.  Unfortunately, such determination is in the hands of the lender or servicing company and not where it needs to be: held by someone impartial like a bankruptcy judge.