Freddie Mac offers mortgage relief to Colorado flood victims

Freddie Mac offers mortgage relief to Colorado flood victims

Get to know Freddie Mac. Every day, Freddie Mac employees help keep mortgage credit available and housing affordable. Find out about our mission and how we make a positive difference nationwide.

If your home or place of employment is located in an major disaster area where individual assistance has been authorized and your loan is owned by Freddie Mac, your lender/servicer (the company you make your mortgage payments to) can extend a full range of relief options, including: Forbearing on your mortgage payment for up to one year

Freddie Mac Extends Disaster Assistance to Colorado Flood Victims Sep 17 2013, 12:28PM As it did following the devastation of Hurricane Sandy, Freddie Mac has made the full menu of its mortgage.

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Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in Louisiana via their mortgage servicers. Under Fannie Mae ‘s disaster relief policies, servicers have the ability to: Grant an initial period of forbearance

Similar measures were instituted last week for victims of earlier storms Oklahoma as well. Fannie Mae, the sibling agency to Freddie Mac and the nation’s largest insurer of mortgage loans, has not announced any mortgage relief initiatives for victims of the recent storms as of this writing.

Freddie Mac is offering a series of mortgage relief options to borrowers impacted by devastating floods in Colorado. The housing agency wrote on its web page that: Freddie Mac disaster relief policies authorize mortgage servicers to help affected borrowers in presidentially declared Major Disaster Areas where federal Individual Assistance programs have been extended.

HousingWire, Oct. 6, 2015–Lane, Ben. Both Fannie Mae and Freddie Mac are offering relief to the thousands of homeowners affected by the devastating floods in South Carolina.

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Sandy victims fear another financial blow if tax rule isn’t reinstated – So when the state offered the family a buyout through a state-run program targeting flood-prone homes. we didn’t make added to our taxable income." Congress passed the mortgage forgiveness debt.

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