Freddie Mac offers mortgage relief to Colorado flood victims

Freddie Mac is offering a series of mortgage relief options to borrowers impacted by the devastating floods in Colorado.

The Obama administration has tried to prevail upon Edward DeMarco, the acting director of the Federal Housing Finance Agency, to offer lower mortgage rates to underwater home owners through Fannie Mae.

Fannie, Freddie and FHA have all pledged support with government mortgage relief for Hurricane victims. The loan forbearance could last for 90 days in some cases, and may be extended to a year in other cases.

PennyMac has made revisions to the sample rates sheets in relation to the previous announcement 17-19 pertaining to Fannie Mae’s HomeReady and Freddie Mac’s Home. make the deals REIT-eligible.

Freddie Mac offers mortgage relief to Midwest storm victims BofA, Freddie Mac, Wells Fargo Start Foreclosure Relief to Gulf Coast Freddie Urges 12-Month Forbearance in Flood Areas New Bill Protects Gulf Homeowners Affected by Oil Spill Fannie Mae Extends Forbearances for Troubled Borrowers . Freddie Mac

Fannie Mae issued SVC 2018-02 outlining changes that revise homestyle renovation mortgage requirements by reinforcing. and Extend Modification for Disaster Relief has been clarified. The next stage.

"Freddie Mac strongly encourages borrowers whose homes or businesses were harmed by the floods to immediately call their mortgage servicer to discuss mortgage relief," Yvette Gilmore, vice president of single-family servicer performance management for Freddie Mac, said in the release.

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Fannie Mae and Freddie Mac offer relief to Louisiana flood victims By McGlinchey Stafford on August 18, 2016 Posted in Louisiana Floods, Mortgage Financing Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in Louisiana via their mortgage servicers.

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that if a mortgage loan is in forbearance under the disaster relief policies announced on August 29, Freddie Mac would not repurchase that loan from its related mortgage participation certificates (PC). However, the loan may be removed from the PC and if the applicable mortgage loan is in forbearance for 24 months, Freddie Mac

Freddie Mac said Wednesday that its full menu of mortgage relief options is being extended to families whose homes were damaged or destroyed by the recent floods in Rhode Island, Massachusetts.

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