The judge blasted the bank for refusing to work with the couple and for apparently misleading him about the dollar amounts at stake in the case. He also lambasted the bank's treatment of the couple over months of hearings.
Spinner said the bank "must be appropriately sanctioned so as to deter it from imposing further mortifying abuse."
Nov. 20 (Bloomberg) -- Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the U.S. government, will suspend foreclosures and evictions over the holidays.
The six-week halt will begin Nov. 26, a day before the U.S. Thanksgiving holiday, and last through Jan. 9, the companies said in separate statements today. The hiatus is designed to give servicers more time to implement a streamlined loan modification program for struggling borrowers.
