by Calculated Risk on 9/11/2008 03:04:00 PM

From Bloomberg: Senators Ask Fannie, Freddie to Freeze Foreclosures

U.S. Senate Banking Committee members urged Fannie Mae and Freddie Mac, the mortgage lenders placed under federal control this week, to freeze foreclosures on loans in their portfolios for at least 90 days.

I suppose the goal is work out more modifications ... nothing else will change in 90 days.