Real estate blog entries tagged with unemployment program by D'Adrea Davie REALTIST

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Home : Blogs : D'Adrea Davie REALTIST | FACS : D'Adrea's Mother and Daughter Blog : Tag "unemployment program"

unemployment program: Help for Unemployed Homeowners through the Making Home Affordable Programs - 07/03/10 11:49 AM

Beginning August 1, 2010...participants in the Making Home Affordable (MHA) Program will be assisting homeowners who are currently unemployed. The Unemployment Program (UP) offers homeowners a forbearance period to temporarily reduce or suspend their monthly mortgage payments while they seek re-employment. These loans are held by Fannie Mae or Freddie Mac, to read the guidelines for the Unemployment Program for non-GSE servicers, click here.

PROGRAM DETAILS:
Minimum forebearance period is 3 months (the mortgage servicer has the option to extend this period depending on the investor and regulator guidelines). If the homeowner becomes employed then the forebearance … (5 comments)

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