Freddie Mac Reminds Homeowners Impacted by Hurricane Helene of Mortgage Relief Options
Freddie Mac (OTCQB: FMCC) has announced mortgage relief options for homeowners affected by Hurricane Helene. The company's forbearance program offers up to 12 months of mortgage relief without late fees or penalties. Freddie Mac emphasizes that safety is the top priority and encourages impacted homeowners to contact their mortgage servicers for assistance.
The relief options include suspension of foreclosure and legal proceedings during forbearance. After the forbearance period, homeowners have several options to make up missed payments, including reinstatement, repayment plans, payment deferral, and loan modification. These options are available to homeowners in Presidentially-Declared Major Disaster Areas and those whose homes or employment have been impacted.
Freddie Mac provides resources for both homeowners and renters through its My Home platform, offering guidance on recovery from natural disasters.
Freddie Mac (OTCQB: FMCC) ha annunciato opzioni di sollievo per mutui per i proprietari di casa colpiti dall'Uragano Helene. Il programma di rinvio dei pagamenti dell'azienda offre fino a 12 mesi di sollievo per mutui senza penali o interessi di mora. Freddie Mac sottolinea che la sicurezza è la massima priorità e incoraggia i proprietari colpiti a contattare i loro servicer per mutui per ricevere assistenza.
Le opzioni di sollievo includono sospensione delle procedure di pignoramento e procedimenti legali durante il periodo di rinvio. Dopo il periodo di rinvio, i proprietari hanno diverse opzioni per recuperare i pagamenti mancati, tra cui ripristino, piani di rimborso, differimento dei pagamenti e modifica del prestito. Queste opzioni sono disponibili per i proprietari nelle zone dichiarate come grandi aree di disastro dalla Presidenza e per coloro le cui case o occupazioni sono state colpite.
Freddie Mac fornisce risorse sia per i proprietari di casa che per gli inquilini attraverso la sua piattaforma My Home, offrendo indicazioni su come recuperare da disastri naturali.
Freddie Mac (OTCQB: FMCC) ha anunciado opciones de alivio hipotecario para los propietarios afectados por el Huracán Helene. El programa de aplazamiento de pagos de la compañía ofrece hasta 12 meses de alivio hipotecario sin cargos por demora ni penalizaciones. Freddie Mac enfatiza que la seguridad es la máxima prioridad y anima a los propietarios afectados a contactar a sus prestamistas hipotecarios para recibir asistencia.
Las opciones de alivio incluyen la suspensión de ejecuciones hipotecarias y procedimientos legales durante el aplazamiento. Después del período de aplazamiento, los propietarios tienen varias opciones para recuperar los pagos perdidos, incluidas restitución, planes de pago, aplazamiento de pagos y modificación de préstamos. Estas opciones están disponibles para los propietarios en Áreas de Desastre Mayor Declaradas por el Presidente y aquellos cuyas casas o empleos han sido afectados.
Freddie Mac proporciona recursos tanto para propietarios como para inquilinos a través de su plataforma My Home, ofreciendo orientación sobre la recuperación de desastres naturales.
프레디 맥 (OTCQB: FMCC)은 헬렌 허리케인으로 피해를 입은 주택 소유자를 위한 주택 담보 대출 완화 옵션을 발표했습니다. 회사의 지불 유예 프로그램은 연체료나 벌금 없이 최대 12개월의 주택 담보 대출 완화를 제공합니다. 프레디 맥은 안전이 최우선이며 영향을 받은 주택 소유자에게 도움을 받기 위해 대출 서비스 제공업체에 연락할 것을 권장합니다.
이 완화 옵션에는 유예 기간 동안 압류 중지 및 법적 절차가 포함됩니다. 유예 기간이 끝난 후, 주택 소유자는 복구, 상환 계획, 유예 지불 및 대출 수정을 포함한 여러 가지 옵션을 통해 미지급 금액을 보충할 수 있습니다. 이러한 옵션은 대통령이 선언한 대규모 재해 지역에 있는 주택 소유자와 그들의 주택이나 고용이 영향을 받은 경우에 제공됩니다.
프레디 맥은 자연 재해로부터 회복하는 방법에 대한 안내를 제공하는 My Home 플랫폼을 통해 주택 소유자와 세입자 모두에게 자원을 제공합니다.
Freddie Mac (OTCQB: FMCC) a annoncé des options de soulagement hypothécaire pour les propriétaires touchés par l'ouragan Helene. Le programme de report de paiement de la société offre jusqu'à 12 mois de soulagement hypothécaire sans frais de retard ni pénalités. Freddie Mac souligne que la sécurité est la priorité absolue et encourage les propriétaires concernés à contacter leurs servicers hypothécaires pour obtenir de l'aide.
Les options de soulagement incluent la suspension des saisies et des procédures judiciaires pendant la période de report. Après la période de report, les propriétaires ont plusieurs options pour rattraper les paiements manqués, y compris rétablissement, plans de remboursement, report de paiement et modification de prêt. Ces options sont disponibles pour les propriétaires dans des zones de catastrophe majeure déclarées par le président et ceux dont les maisons ou l'emploi ont été impactés.
Freddie Mac fournit des ressources pour les propriétaires et les locataires via sa plateforme My Home, offrant des conseils sur la récupération après des catastrophes naturelles.
Freddie Mac (OTCQB: FMCC) hat Hypothekenhilfeoptionen für Hausbesitzer angekündigt, die vom Hurrikan Helene betroffen sind. Das Stundungsprogramm des Unternehmens bietet bis zu 12 Monate Hypothekenhilfe ohne verspätete Gebühren oder Strafen an. Freddie Mac betont, dass Sicherheit die oberste Priorität hat, und ermutigt betroffene Hausbesitzer, sich an ihre Hypothekenservicer zur Unterstützung zu wenden.
Die Hilfeoptionen umfassen die Aussetzung von Zwangsvollstreckungen und rechtlichen Verfahren während der Stundungsfrist. Nach Ablauf der Stundung haben Hausbesitzer mehrere Optionen, um versäumte Zahlungen nachzuholen, darunter Wiederherstellung, Rückzahlungspläne, Zahlungsaufschub und Kreditmodifikation. Diese Optionen stehen Hausbesitzern in von der Präsidentschaft erklärten großen Katastrophengebieten und denen, deren Häuser oder Beschäftigung betroffen sind, zur Verfügung.
Freddie Mac bietet sowohl Hausbesitzern als auch Mietern über seine My Home-Plattform Ressourcen an und bietet Anleitung zur Erholung von Naturkatastrophen.
- Offering up to 12 months of mortgage relief without late fees or penalties
- Suspension of foreclosure and legal proceedings during forbearance
- Multiple options for homeowners to make up missed payments after forbearance
- None.
MCLEAN, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today is reminding homeowners and mortgage servicers of its immediate relief options for those impacted by Hurricane Helene. Freddie Mac’s forbearance program provides homeowners mortgage relief for up to 12 months without incurring late fees or penalties.
“For those impacted by Hurricane Helene throughout the Southeast, Freddie Mac and our partners stand ready to provide immediate assistance,” said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing. “Safety is the top priority and once out of harm’s way, we want homeowners and their families to know our mortgage relief options are available to help support their recovery.”
Freddie Mac's disaster relief options are available to homeowners who have been impacted by an eligible disaster. This includes anytime the homeowner’s property experiences an insurable loss, and also covers instances where their homes or places of employment are located in Presidentially-Declared Major Disaster Areas with individual assistance designations. Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan.
Homeowners whose homes are impacted should contact their mortgage servicer—the company they send their monthly mortgage payments to— as soon as possible to talk about available mortgage relief options. This also includes homeowners whose places of employment have been impacted resulting in a financial hardship that prevents them from being able to make their monthly payment.
When they are back on their feet, homeowners have several options to make up the missed payments, including additional forbearance, if needed.
- Reinstatement. The option for a lump sum payment is available, but never required, if the homeowner’s loan is owned by Freddie Mac. If possible, however, it is the fastest way to get back on track.
- Repayment plan. Homeowners pay more each month on top of their existing mortgage payment to make up the missed payments.
- Payment Deferral. This option is available if homeowners can resume making their regular monthly payment. With payment deferral, homeowners become immediately current on their mortgage and missed payments are added to the end of the mortgage term without penalties or additional interest.
- Loan modification. If a homeowner is facing a long-term financial hardship but can make a reduced mortgage payment, a modification may be the best option.
Freddie Mac also reminds servicers that its disaster relief options are available to affected homeowners outside the declared disaster areas if their home incurs a disaster-related insured loss that impacts their ability to make their mortgage payment.
More information is available on My Home by Freddie Mac where owners can read about the steps they can take to help recover from a natural disaster, including frequently asked questions related to disaster and mortgage relief. Freddie Mac also provides dedicated resources to renters in apartment buildings, to help them plan and prepare for natural disasters, as well as respond and recover after they strike.
About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Chad Wandler
703-903-2446
Chad_Wandler@FreddieMac.com
FAQ
What mortgage relief options is Freddie Mac offering for Hurricane Helene victims?
How can homeowners affected by Hurricane Helene access Freddie Mac's mortgage relief options?
What are the options for homeowners to make up missed payments after the Freddie Mac forbearance period?
Does Freddie Mac (FMCC) suspend foreclosures for homeowners affected by Hurricane Helene?
