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Article: Fannie Mae Announces Mortgage Relief for Tornado Victims in Kansas.
- Article from:
- Business Wire
- Article date:
- May 10, 1999
CopyrightCOPYRIGHT 1999 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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WICHITA, Kan.--(BUSINESS WIRE)--May 10, 1999--
Fannie Mae (NYSE:FNM), the nation's largest source of financing for home mortgages, has mortgage relief provisions in place for homeowners facing hardships as a result of widespread damage caused by tornadoes throughout Kansas.
Fannie Mae's disaster relief provisions give mortgage servicers 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, creating longer loan payback plans. All changes will be made on a case-by-case basis.
"I salute Fannie Mae for working with Kansas' ...