|
|
Article: Fannie Mae announces mortgage relief for Hurricane Ivan victims in Alabama.
- Article from:
- M2 Presswire
- Article date:
- September 23, 2004
CopyrightCOPYRIGHT 2004 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
M2 PRESSWIRE-23 September 2004-Fannie Mae: Fannie Mae announces mortgage relief for Hurricane Ivan victims in Alabama(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:09212004
WASHINGTON, DC - Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, has mortgage relief provisions in place for Alabama borrowers facing hardships as a result of widespread flooding and damage caused by Hurricane Ivan.
Fannie Mae's disaster relief provisions give lenders the discretion to help borrowers in several ways, including suspending mortgage payments for up to three months, reducing the payments for up to 18 months, or in more special ...