freddie mac unemployment forbearance program: Fannie Mae and Freddie Mac Offer Unemployment Forbearance Programs to Assist Homeowners
- 01/18/12 04:34 AM
Fannie Mae revealed its new Unemployment Forbearance Program which allows mortgage servicers to assist borrowers who have a financial hardship due to unemployment. Mortgage servicers are required to implement this new program by March 1 for all Fannie Mae-owned and backed loans. Mortgage servicers can now provide up to six months of relief for eligible unemployed borrowers and do not have to get Fannie Mae's approval to do so. In addition, borrowers can also apply for an additional six months of forbearance for a total of twelve months of assistance. Freddie Mac also has a similar program that goes into effect … (1 comments)
Welcome to my real estate blog! I am here to help you navigate buying or selling a home in Phoenix's West Valley. Make sure to subscribe to my blog to keep up-to-date on what's happening in Litchfield Park, Goodyear, Avondale and Buckeye area.
On my blog you will find:
- Real Estate Information
- Tips for Buyers and Sellers
- Local Neighborhood and Community Information
- Market Statistics and more!
Visit www.TheWestValleyHomeTeam.com/blog for more great real estate information!
Cinda Rose
The West Valley Home Team at
Realty ONE Group
623-252-9350
Fannie Mae revealed its new Unemployment Forbearance Program which allows mortgage servicers to assist borrowers who have a financial hardship due to unemployment. Mortgage servicers are required to implement this new program by March 1 for all Fannie Mae-owned and backed loans.
;)
;)
;)
