A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

Hurricane Michael prompts Freddic Mac to issue relief policies

Source: Alcynna Lloyd, HousingWire

In areas where the Federal Emergency Management Agency has yet to make individual assistance available, mortgage servicers are encouraged to leverage Freddie Mac’s short-term forbearance programs for those affected by the hurricane, according to the company.  Freddie Mac mortgage relief options eligible for those in disaster areas include:

Suspending foreclosures by providing forbearance for up to 12 months

Waiving assessments of penalties or late fees against borrowers with disaster-damaged homes

Not reporting forbearance or delinquencies caused by the disaster to the nation's credit bureaus

Read Full Article: Hurricane Michael prompts Freddic Mac to issue relief policies


Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk