GSEs Extend More Mortgage Relief to Hurricane Borrowers
November 16, 2012
Fannie Mae and Freddie Mac announced last week that servicers are permitted to suspend evictions and foreclosures for borrowers affected by Hurricane Sandy for 90 days in order to assess homeowners situations. Immediately following the Oct. 28-29 hurricane, the GSEs had reiterated their policy on mortgage relief to borrowers located in jurisdictions declared by the president to be major disaster areas.