Fannie Mae unveils new forbearance program for unemployed

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Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial.

Fannie Mae and Freddie Mac unemployment forbearance program. Fannie Mae and Freddie Mac have enhanced their Unemployment Forbearance program for homeowners who have lost their jobs. It is a proactive approach that is offered to the unemployed who are struggling with keeping up with their home loan payments.

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HousingWire: Fannie Mae Unveils New Forbearance Program for Unemployed PortlandForeclosure.com: Mortgage Forbearance or Repayment Plan HUD.gov: Obama Administration Offers Additional Mortgage.

New rules already going into effect Oct. 1 for the mortgage giants allow for long-term forbearance. possible for unemployed homeowners," said Andrew Wilson, a Fannie Mae spokesman. The government.

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Freddie Mac and Fannie Mae are now offering unemployed homeowners an extended forbearance, reducing or suspending mortgage payments for up to a year. This is an increase from the current program in which homeowners can apply for 6-month forbearance. This program is slated to start on February 1, 2012.

Fannie mae extends mortgage relief for unemployed borrowers 01/11/2012 By: Carrie Bay Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default.

Fannie Mae issued new guidelines to its servicers Wednesday, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default. With unemployment forbearance, the servicer reduces or suspends monthly payments for a specified period for a borrower who is.

The Congressional Oversight Panel assessing. also served as agents for TARP funded programs. Fannie Mae acts as Treasury’s MHA program administrator and oversees the implementation and execution of.

 · White House Extends Assistance to Unemployed Homeowners.. but wishes Freddie Mac and Fannie Mae were part of the program because they guarantee. White House Extends Assistance to Unemployed.

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