Mortgage Relief for Fannie Mae Homeowners Affected by Hurricane Sandy
“Our thoughts and prayers are with all of those who have been affected by the storm,” says Leslie Peeler, senior vice president of Fannie Mae’s National Servicing Organization. “We understand the disruption that a storm such as Sandy can have on people’s lives, and we’ve made it easy for our mortgage servicers to offer relief to those who need it.”
Homeowners with Fannie Mae loans whose homes were damaged by Hurricane Sandy and who will have difficulty paying their mortgage should reach out to their mortgage servicer (the company listed on their monthly mortgage statement) to see if they qualify for a 90-day mortgage forbearance. Forbearance temporarily suspends or reduces mortgage payments, and can be extended by mortgage servicers beyond 90 days on an as-needed basis. In addition, homeowners with Fannie Mae loans are eligible for free information and assistance at a Fannie Mae Mortgage Help Center.