If you're a homeowner whose home or place of employment has been impacted by the historic wildfires in California 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:
Homeowners facing hardships unrelated to the wildfires or who live and work outside of a Major Disaster Area where federal Individual Assistance programs have been extended 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.
Learn more in our blog posts about what to do and who to contact when you are facing a natural disaster.
Sign up to receive the latest news, tips, and insights from Freddie Mac.
In times of crisis, Freddie Mac is here to be a stabilizing force in the housing markets. When others might take a step back, we take a step forward, and that was certainly the case in 2020.
The effectiveness of our risk management and our innovative approach to tailoring transactions to investor needs and market conditions demonstrate our ongoing commitment to leadership in this asset class.
Freddie Mac delivered a strong performance in 2020 while supporting the housing market and families affected by the pandemic.
Across all sectors in housing, we’re experiencing a technology transformation that is increasing velocity, reducing cost and improving quality. In fact, the pace of change throughout the mortgage process has been steadily accelerating, and that trajectory is likely to continue in years ahead.