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Article: Fannie Mae Announces Mortgage Relief for Victims of Hurricane Georges in Florida; New Fannie Mae/FEMA Program Available to Help Homeowners Make Disaster Prevention Improvements.
- Article from:
- Business Wire
- Article date:
- October 1, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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)
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KEY WEST, Fla.--(BUSINESS WIRE)--Oct. 1, 1998--Fannie Mae (NYSE:FNM), the nation's largest source of home mortgage funds, has mortgage relief provisions in place for borrowers facing hardships in terms of their homes or livelihoods resulting from the widespread damage caused by Hurricane Georges.
To help homeowners make certain disaster prevention home upgrades, Fannie Mae and the Federal Emergency Management Agency (FEMA) are working with local lenders and contractors to introduce the Project Impact Prevention Loan within the next four weeks.
The program offers consumer installment loans to homeowners at competitive interest rates.
Fannie ...