07/17/2024 | Press release | Distributed by Public on 07/17/2024 08:15
Helping lenders serve homebuyers and homeowners with affordable mortgages
Financing for quality, affordable rental housing in every market, every day
Reducing risk and enhancing housing finance liquidity
All Resources to Manage Financial Uncertainty
All Resources for Recovering from a Disaster
Recovery Assistance for Homeowners
Recovery Assistance for Renters
WASHINGTON, DC - Fannie Mae (FNMA/OTCQB) is reminding homeowners and renters impacted by disasters of available mortgage assistance and disaster relief options given the forecasted hurricane and wildfire seasons, including Hurricane Beryl and California wildfires. Mortgage servicers also are reminded of options to assist homeowners under Fannie Mae's guidelines during these circumstances.
"As the country enters what is expected to be a significant hurricane season, we encourage homeowners, renters, and mortgage servicers to review Fannie Mae's disaster relief resources," said Cyndi Danko, Senior Vice President and Chief Credit Officer, Single-Family, Fannie Mae. "The well-being of those affected by a disaster is of the utmost importance. By taking note of their options ahead of a potential disaster event, consumers can have valuable peace of mind as they prioritize their safety and recovery. Both homeowners and renters can learn more about these resources, including personalized support in the wake of disaster, by contacting Fannie Mae's free counseling services."
Homeowners and renters can call 855-HERE2HELP (855-437-3243) to access Fannie Mae's disaster recovery counseling* or visit the Fannie Mae website for more information.
Under Fannie Mae's guidelines for single-family mortgages impacted by a disaster:
In addition, homeowners on a COVID-19-related forbearance plan who are subsequently impacted by a disaster may still be eligible for assistance and should contact their mortgage servicer to discuss options.
Homeowners and renters looking for disaster recovery resources may visit the Fannie Mae website to learn more about addressing immediate needs. Fannie Mae also offers help navigating the broader financial effects of a disaster to homeowners and renters through disaster recovery counseling at 855-HERE2HELP (855-437-3243).* Assistance is provided free of charge by U.S. Department of Housing and Urban Development-approved housing counselors who are trained disaster-recovery experts that provide:
*Operated by Money Management International/MMI