Fannie Mae and Freddie Mac have joined several major banks in declaring a foreclosure moratorium, a move designed to give President Barrack Obama's administration a few weeks to roll out its homeowner retention plan.

During the Christmas holiday season the two GSEs put a foreclosure moratorium in place but it expired at the end of January. Fannie Mae said it is suspending all foreclosures and evictions of owner-occupied properties through March 6 in anticipation of the administration's national foreclosure prevention and loan modification program.

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