If you are a homeowner whose home or place of employment has been impacted by Hurricane Harvey and your mortgage is owned by Freddie Mac, contact your mortgage company right away to discuss your mortgage relief options.
In Major Disaster Areas where federal Individual Assistance programs have been extended, your mortgage company is authorized to:
- Suspend mortgage payments for up to 12 months.
- Waive assessments of penalties or late fees against borrowers with disaster-damaged homes.
- Suspend reporting forbearance or delinquencies caused by the disaster to the nation's credit bureaus.
Homeowners suffering from hardships unrelated to Hurricane Harvey may be eligible for Freddie Mac's standard relief options such as temporarily suspending mortgage payments or a mortgage modification. It's important to contact your mortgage company as soon as possible to discuss your situation and explore your options.
As a result of the devastation caused by Hurricane Harvey, Freddie Mac today announced additional relief options in eligible disaster areas for homeowners with Freddie Mac-owned mortgages.
Please continue to follow our 2017 Hurricane Help blog series, bringing you important information you need to get help.
