Special Options for Servicemembers

Freddie Mac Extends 90-Day Forbearance from Foreclosure to Servicemembers Recently Released from Active Duty

You have several ways to offer relief for servicemembers on active federal or state duty through the Servicemembers Civil Relief Act (SCRA) and Freddie Mac’s own policies. Supporting the SCRA, you, your borrowers and servicemembers can call our Loss Mitigation Representatives to speak with a borrower assistance counselor about Freddie Mac's mortgage relief and workout options and how they can be applied to individual cases.

The SCRA, which allows active military members to suspend or postpone some civil financial obligations, was signed into law on December 19, 2003, amending the Soldiers' and Sailors' Civil Relief Act (SSCRA) of 1940. Designed to assist and protect important rights of active duty military members and reservists who are in active federal service, the SSCRA had not included members of the National Guard. Already previously eligible for Freddie Mac relief options, National Guard Members called to active state duty in response to a national emergency declared by the President of the United States are now recognized under the new statute.

In the past six years, Freddie Mac has given over $11 million of relief to more than 10,000 military servicemembers with Freddie-Mac owned loans.

Resources related to the SCRA:

• Guide forms required when selling or servicing a mortgage for a service member
  • Form 105 [PDF 23K] , Multipurpose Loan Servicing Transmittal
  • Form 1066 [PDF 26K], SCRA Accounting Data Form
  • Form 1071 [PDF 29K], Supplemental Accounting Report of SCRA Mortgages
• EDR Disaster Relief [PDF 11K] job aid for Servicers

We'd like to remind Servicers that under no circumstances should you place loans of active duty servicemembers, or those who have been released from active duty within the past 90 days, into foreclosure without Freddie Mac approval. Please ensure that you explore all relief options available.

If your borrowers require additional relief than what is currently available, please contact your Loss Mitigation Representative. We can work together to develop relief solutions that assist servicemembers and help them keep their homes.