Mortgage Relief Extended to Hurricane Victims

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Mortgage Relief Extended to Hurricane Victims

Oct, 12th 2016

Mortgage giants Freddie Mac and Fannie Mae are offering several mortgage options for those home owners affected by Hurricane Matthew in the Atlantic coastal areas. Options include forbearance for up to 12 months or mortgage modifications.

Freddie Mac’s disaster relief options will be available to borrowers whose homes are located in declared Major Disaster Areas, in which federal individual assistance programs are being made available to help affected households. A list of these areas can be found at http://www.fema.gov/disasters.

"We strongly encourage the many American families whose homes or businesses are being impacted by Hurricane Matthew to call their mortgage servicer once the Federal Emergency Management Agency's declaration is announced," says Yvette Gilmore, Freddie Mac's vice president of single-family servicer performance management. "Relief -- including forbearance on mortgage payments for...

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