Fannie, Freddie Offer Relief After Hurricane Delta

In the wake of Hurricane Delta, Fannie Mae and Freddie Mac are reminding homeowners of the mortgage assistance and disaster relief options available to them. Relief options include: Homeowners may request mortgage assistance by contacting their mortgage servicer following a disasterMortgage servicers are authorized to suspend or reduce a homeowner’s mortgage payments for up to 90 days – even without establishing contact – if the servicer believes the homeowner was affected by the disasterHomeowners affected by a disaster are often eligible to reduce or suspend their mortgage payments for up to 12 monthsDuring this temporary payment break:Homeowners will not incur late feesForeclosure and other legal proceedings are suspended “Hurricane Delta will mark the fifth hurricane to hit the U.S. so…