Hardship Resource

This is great news for Federally Backed Loans. Homeowners are able to refinance their loans after their Forbearance period ends once they make the agreed 3 three consecutive payments under their repayment plan, or payment deferral option or loan modification to their mortgage servicer. Fannie Mae, Freddie Mac will allow borrowers who took forbearance to refinance their mortgage Government Sponsored Enterprises (GSEs) also extended their timeframe for buying loans that went i

May 13, 2020 Fannie Mae Announces COVID-19 Payment Deferral Provides Important Information about Post-forbearance Repayment Options to Help Impacted Homeowners WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced COVID-19 payment deferral, a payment deferral option for homeowners who experienced a financial hardship due to COVID-19 that has been resolved and are ready to resume their monthly mortgage payments. Under this option, homeowners can resume their regular monthly

Thank you Freddie Mac & Fannie Mae for releasing the frequently asked questions. This applies to all loans that are Federally Backed, mortgages owned by Fannie Mae & Freddie Mac. What help is available for homeowners impacted by COVID-19? Homeowners unable to make their mortgage payments resulting from the impact of COVID-19 (regardless of whether they have contracted the virus) may be eligible for a mortgage forbearance plan to reduce or suspend their mortgage payments for u

News Release from FHFA for Federally Backed Loans. Please see your servicer to confirm if you have a Federally Backed Loan or Non Federally Backed Loan to confirm if this applies to your Loan. FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages FOR IMMEDIATE RELEASE 3/18/2020 ​​Washington, D.C. – Today, to help borrowers who are at risk of losing their home, the Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprise

The CARES Act, which President Trump signed into law on March 27, 2020, Act amends the Fair Credit Reporting Act (FCRA) to stop adverse credit reporting during the COVID-19 crisis, but only under specific circumstances. If you can't pay all your bills on time contact your lenders for help and ask about hardship options as soon as possible—ideally before you miss a payment. Lenders are putting policies in place to help customers who may need extra time to pay their bills such

Great tool from the Consumer Finance Bureau. I set up a spending tracker for my family. Tracking all receipts for one week. I am keeping my receipts in one place now which will make it easier in the future at tax time. Right now of course we are not eating out and i am seeing that my grocery bills are higher now that everyone is home and enjoying all family meals together. My home utilities and cellular bill have increased as we are home each day as my son is in home sch