Freddie Mac offers mortgage relief to Colorado flood victims

Freddie Mac said Wednesday that its full menu of mortgage relief options is being extended to families whose homes were damaged or destroyed by the recent floods in Rhode Island, Massachusetts.

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Freddie Mac is extending mortgage relief to Colorado homeowners whose homes were damaged or destroyed by last week’s floods. Freddie Mac lends flood victims a hand. Freddie Mac is.

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Freddie Mac may make special announcements through press releases, Industry Letters/Guide Bulletins, and the News & Insights page. Consult Guide Chapter 8404 for Disaster Policies . To assist borrowers with Freddie Mac-owned mortgages who reside in the designated areas, Servicers must immediately begin following the disaster relief requirements.

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Similar measures were instituted last week for victims of earlier storms Oklahoma as well. Fannie Mae, the sibling agency to Freddie Mac and the nation’s largest insurer of mortgage loans, has not announced any mortgage relief initiatives for victims of the recent storms as of this writing.

Freddie Mac, meanwhile, announced in an Aug. 16 news release it also is extending disaster relief for eligible louisiana homeowners. "Freddie Mac strongly encourages borrowers whose homes or businesses were harmed by the floods to immediately call their mortgage servicer to discuss mortgage relief," Yvette Gilmore, vice president of single.

In an effort to assist borrowers effected by the hurricanes and floods, Freddie Mac announced updates to. to discuss options around suspense fee relief on Best Effort and Mandatory Loans. On.