Fannie Mae and the US Army announced a plan yesterday to help service men and women (and their immediate families) in the event of an injury of death.
The plan would allow the families a 6 month forbearance of either reduced payments or no payments so the family can concentrate on the more important issue.
A family may qualify for the program only if they have a loan provided through Fannie Mae. The goal of this new program is to help reduce the number of foreclosures for military families dealing with injury or death.
It was great to wake up this morning and see something positive being done for our Service Men and Women! They have a very difficult and dangerous job, and it's nice to see that someone is thinking of them.
If you are a service man or woman, you can find more information on this new foreclosure program by calling toll free, 877-MIL-4566
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