Freddie Mac offers mortgage relief to Colorado flood victims

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Reuters via Huffington Post Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy. The aid applies to property owners living in towns and cities along the eastern United States that have been declared disaster areas by President Barack Obama.

Housing recovery to remain sluggish through 2012 On Tuesday, Zillow reported 30-year fixed mortgage rates averaging 3.48 percent. The results of Freddie Mac’s PMMS for the week. the 2010 deal was.

Freddie Mac just announced its disaster relief program for homeowners affected by the flood areas in Louisiana. The company encouraged homeowners to reach

It is for this reason that Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA), which back most mortgages in the US, have announced this week that they will offer loan forbearance for many home owners in flooded parts of Texas, including Houston and the surrounding suburbs. Fannie, Freddie and FHA have all pledged support with government mortgage relief for Hurricane victims.

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– High cost area limits are subject to a ceiling based on a % of the Freddie Mac loan limits. – Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150% of the ceilings. – A current schedule of maximum FHA loan limits may be accessed from the HUD website

Get more info Texas home loan relief for Hurricane Harvey victims. Freddie Mac-Backed Mortgages. If your mortgage is owned by Freddie Mac, you should call your mortgage company immediately to see what mortgage relief options are available in the wake of Hurricane Irma.

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Requires each federal agency lender, as well as the Federal National Mortgage association (fannie mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), to accept private flood insurance as satisfaction of the flood insurance purchase requirement if it meets such requirements.

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Hurricane Michael victims can get mortgage help. through Fannie Mae or Freddie Mac. Typically, lenders offer 90 days of mortgage forbearance after a major storm, with an option for some.