Major banks halt evictions and foreclosure sales for the holidays

U.S. Bank and Wells Fargo are among several national banks that will implement a holiday moratorium on foreclosure sales, according to American Banker. For U.S. Bank the moratorium will last from December 17 through January 2, and Wells Fargo will start halt such proceedings two days later. Wells and U.S. Bank will suspend evictions and foreclosure sales on loans owned by the banks nationwide. Fannie Mae and Freddie Mac took similar actions.