FEBRUARY 13, 2011
AMAZING ANNOUNCEMENT BY FANNIE MAE AND GREAT INFO. FOR THOSE OF YOU THAT HAVE CLIENTS, FAMILY AND/OR FRIENDS IN THIS PREDICAMENT...
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WASHINGTON - Mortgage giant Fannie Mae plans to give military families a break on their home loan payments if they are struggling because of the death or injury of a service member.
The Washington-based company says it will reduce or suspend borrowers' monthly payments up to six months. Fannie Mae is the largest buyer and backer of U.S. home mortgages, owning or guaranteeing about $3.2 trillion in home loans.
Fannie Mae also says it would suspend reporting to credit bureaus for up to six months to minimize the impact on the borrower's credit score.
To determine whether they are eligible, military members or their surviving spouses should contact their mortgage company. Or, they can call a special military phone number: 1-877-MIL-4566.
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CA COASTAL ESTATES, INC. - HAS A MILITARY RELOCATION DIVISION, USA DREAM TEAM REALTY
SPECIALIZING IN RELOCATION OF MILITARY FAMILIES IN SELLING, MANAGING PROPERTY AND ASSIST IN BUYING IN THEIR NEW AREA. IT IS IMPORTANT TO OUR FIRM AND AGENTS TO GIVE BACK TO OUR COMMUNITY AND ASSIST OUR MILITARY SERVICE MEN AND WOMEN IN OUR COUNTRY. EXCEPTIONAL INCENTIVES, SAVINGS AND % THAT GOES BACK TO MILITARY HOUSING ASSISTANT DEPT. CALL FOR MORE INFORMATION ON OUR SERVICES AND BROKERS CALL TO OPEN YOUR USA DREAM TEAM OFFICE IN YOUR STATE. CALL, 888-908-7770 X2305 AND ASK FOR LAUREN SELINSKY
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