Real estate blog entries tagged with freddie mac to grant 12month forbearance for orlando unemployed borrowers by Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales (Keller Williams Realty mailto:jerry@jerrylarose.com )

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Home : Blogs : Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales : Orlando, Windermere, Winter Garden Florida Real Estate News Keller Williams Realty : Tag "freddie mac to grant 12month forbearance for orlando unemployed borrowers"

freddie mac to grant 12month forbearance for orlando unemployed borrowers: Freddie Mac to Grant 12-Month Forbearance for Unemployed Borrowers - 01/07/12 09:22 AM

Freddie Mac has announced that it is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac's prior approval and up to an additional six months with prior approval.
This means unemployed borrowers may be eligible for up to 12 months of forbearance. Freddie Mac's forbearance options are being expanded at the direction of its conservator, the Federal Housing Finance Agency (FHFA), and will take effect on Feb. 1, 2012.
According to the latest statistics, nearly 10 percent of delinquencies on Freddie Mac mortgages were tied to unemployment. "These expanded forbearance periods will provide families … (4 comments)

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Jerry LaRose, Realtor, Short Sale Expert Orlando, Florida Real Estate Short Sales

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