Freddie Mac estimates that there are about 6,000 homeowners who will have more to be thankful for on Thursday. Not only is this good PR, but the temporary suspension is also meant to give loan servicers a chance to implement a streamlined loan modification program.
As know I’ve said this before, but if you are having trouble making your mortgage payments, contact your bank immediately. Even if you’ve tried in the past but didn’t get anywhere, these new programs mean the banks are more willing to listen.
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