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Article: Fannie Mae announces mortgage relief for Hurricane Charley victims.
- Article from:
- M2 Presswire
- Article date:
- August 18, 2004
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M2 PRESSWIRE-18 August 2004-Fannie Mae: Fannie Mae announces mortgage relief for Hurricane Charley victims(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:08162004
WASHINGTON, DC - Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, has mortgage relief provisions in place for Florida borrowers facing hardships as a result of widespread flooding and damage caused by Hurricane Charley.
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 cases, ...