Freddie Mac Announces Help for Homeowners Hit by Hurricance Sandy

Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday’s massive
storm.  The company announced on Tuesday
that it is making its full range of disaster relief services to these
homeowners as long as they are in jurisdictions that have been declared major disaster areas by the President and where he
has made federal Individual Assistance Programs available.

Freddie Mac’s disaster relief policies
permit its servicers to help affected borrowers with Freddie Mac-owned loans by
suspending foreclosure and eviction proceedings for up to 12 months, waiving
penalties or late fees, and not reporting delinquencies or forbearance to
credit bureaus.

Homeowners in need of disaster relief
and who qualify according to the above should contact their servicers or call
Freddie Mac at 800-Freddie

Article source: http://www.mortgagenewsdaily.com/10302012_disater_relief.asp

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