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:
- Suspend mortgage payments for up to 12 months.
- Waive assessments of penalties or late fees against impacted borrowers.
- Suspend reporting forbearance or delinquencies caused by the disaster to the nation's credit bureaus.
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.
Recent Posts
Insights from Company Leaders
Transcript: Freddie Mac CEO Discusses Fourth Quarter and Full-Year 2019 Financial Results
In 2019, Freddie Mac delivered solid earnings, with strong returns and executed on our mission of providing liquidity, stability and affordability to the housing market.
CEO
Another Strong Year for Multifamily
In 2019, Freddie Mac’s total Optigo<small><sup>®</sup></small> production volume reached $78.4 billion and our securitization volume was a record $75.5 billion. As we look to the new year, Freddie Mac Multifamily is poised to continue leading the way.
EVP Head of Multifamily Business
What Will 2020 Bring for the Housing Market?
Freddie Mac’s Chief Economist addresses key topics including mortgage rates, home prices, home sales, housing supply, and affordability.
Vice President and Chief Economist, Economic & Housing Research
The Best Credit Risk Management Strategy: Verified Data
Working in the housing market can often be about big numbers.
SVP & Chief Credit Officer, Single-Family Business