Work-out options, and to inform homeowners of disaster reliefĪvailable from federal agencies. Lenders to counsel borrowers on all possible mortgage payment With Fannie Mae and assist homeowners with payment issues in the Johnson also said that she greatly appreciates the lenders who work More importantly, provide homeowners with much-needed relief.” Insurance requirements that will ease the process for lenders and, Said Pam Johnson, senior vice president and single family credit Survival, not concerns about making their next mortgage payment,” Those first few days after a storm hits is basic safety and “What matters most to hurricane victims in Such assistance is provided on a case-by-case basis,Īnd is designed to meet the individual needs of Up to 18 months, or in more severe cases, creating longer loan Mortgage payments for up to three months, reducing the payments for Lenders help borrowers in several ways, including suspending With Fannie Mae’s disaster relief provisions, Result of widespread damage caused by Hurricane Katrina. Louisiana, Alabama, Florida and other states facing hardships as a Mortgage relief provisions in place for borrowers in Mississippi, WASHINGTON, DC - Fannie Mae (FNM/NYSE) has Hurricane Katrina Victims in Mississippi, Louisiana, Alabama andįlorida Lenders Now Have More Flexibility to Handle Insurance Fannie Mae announces Mortgage Relief for Hurricane Katrina Victims
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