WASHINGTON, Oct. 13, 2017 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) is reminding those impacted by a California wildfires of a options accessible for debt assistance. Under Fannie Mae’s discipline for single-family mortgages:
- Homeowners impacted by a California wildfires are authorised to:
- stop creation debt payments for three-month intervals (up to 12 months)
- will not catch late fees during this proxy remuneration break
- will not have delinquencies reported to a credit bureaus
- Servicers are certified to postpone or revoke a homeowner’s debt payments immediately for adult to 90 days but any hit with a homeowner if a servicer believes a homeowner has been influenced by a disaster. Additional remuneration patience of adult to 12 months is accessible in many circumstances.
- Servicers contingency postpone foreclosure and other authorised record if a servicer believes a homeowner has been impacted by a disaster.
“Our thoughts are with a families and communities impacted by a harmful California wildfires,” pronounced Carlos Perez, Senior Vice President and Chief Credit Officer during Fannie Mae. “We titillate people to stay protected during this severe time. If homeowners have been impacted by a fires, we inspire them to call their debt servicer for assistance as shortly as possible.”
Homeowners can strech out to Fannie Mae directly by job 1-800-2FANNIE (1-800-232-6643). For some-more information, greatfully revisit www.knowyouroptions.com/relief.
Fannie Mae helps make a 30-year fixed-rate debt and affordable let housing probable for millions of Americans. We partner with lenders to emanate housing opportunities for families opposite a country. We are pushing certain changes in housing financial to make a home shopping routine easier, while shortening costs and risk. To learn more, revisit fanniemae.com and follow us on twitter.com/fanniemae.
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SOURCE Fannie Mae
