Fannie Offers Assistance to Hurricane Victims

Posted To: MND NewsWire

As hurricane Irma roars toward Florida, and the Houston area tries to dry out from hurricane Harvey, Fannie Mae is reminding those homeowners might be or already have been affected by the storms about the options it provides for its single-family mortgage borrowers. Homeowners who suffer damage or displacement are encouraged to contact their servicers as soon as possible , or to call Fannie Mae directly at 1-800-2FANNIE. Servicers are authorized to suspend or reduce monthly payments for up to 90 days , with additional payment forbearance of up to 12 months in some circumstances. Servicers can provide this assistance even if they do not hear from homeowners if they suspect they have been affected. "It is important for those in the path of the storm to focus on their safety as they deal with...(read more)

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from Mortgage News Daily http://ift.tt/2vPwG8j