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Mortgage Relief Extended to Southern Storm Victims
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You're Now Reading:
Mortgage Relief Extended to Southern Storm Victims
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Relief Extended to Southern Storm Victims
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About Mortgages
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Mortgage Rates

May 3, 2011 (Chris Moore)

Freddie Mac is extending its full menu of disaster relief policies for borrowers whose homes were damaged or destroyed by the recent storms in the South that are located in counties that the President has declared to be Major Disaster Areas.

Mortgage servicers at their discretion can reduce or suspend mortgage payments for up to 12 months for borrowers with Freddie Mac owned mortgages.

Servicers are also encouraged to help borrowers with Freddie Mac-backed mortgages to waive the assessment of penalties or late fees against borrowers with damaged homes and to not report forbearance or delinquencies caused by the disaster to the nation’s credit bureaus.

“Freddie Mac and the nation’s mortgage servicers will work together to advance available mortgage relief to homeowners affected by these devastating storms,” said Freddie Mac Executive Vice President of Single-Family Business, Operations and Technology, Anthony Renzi. “We have instructed our servicers to work with borrowers with Freddie Mac-owned mortgages affected by these terrible storms to grant forbearance on their mortgage payments for up to one year.”

If you have a Freddie Mac-backed mortgage and you need more information, contact your mortgage servicer, the company you send your mortgage payment to, or you can call Freddie Mac at 800-FREDDIE.

Additional information on Freddie Mac’s disaster relief policies is available online at http://www.freddiemac.com/singlefamily/service/disastermgmt.html.

Tags: Freddie Mac, disaster relief policies, Southern Storms, Major Disaster Areas, mortgage payment relief, credit bureaus, mortgage servicer

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WE VERIFY & TRANSMIT TO LENDERS
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REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

May 3, 2011 (Chris Moore)

Freddie Mac is extending its full menu of disaster relief policies for borrowers whose homes were damaged or destroyed by the recent storms in the South that are located in counties that the President has declared to be Major Disaster Areas.

Mortgage servicers at their discretion can reduce or suspend mortgage payments for up to 12 months for borrowers with Freddie Mac owned mortgages.

Servicers are also encouraged to help borrowers with Freddie Mac-backed mortgages to waive the assessment of penalties or late fees against borrowers with damaged homes and to not report forbearance or delinquencies caused by the disaster to the nation’s credit bureaus.

“Freddie Mac and the nation’s mortgage servicers will work together to advance available mortgage relief to homeowners affected by these devastating storms,” said Freddie Mac Executive Vice President of Single-Family Business, Operations and Technology, Anthony Renzi. “We have instructed our servicers to work with borrowers with Freddie Mac-owned mortgages affected by these terrible storms to grant forbearance on their mortgage payments for up to one year.”

If you have a Freddie Mac-backed mortgage and you need more information, contact your mortgage servicer, the company you send your mortgage payment to, or you can call Freddie Mac at 800-FREDDIE.

Additional information on Freddie Mac’s disaster relief policies is available online at http://www.freddiemac.com/singlefamily/service/disastermgmt.html.

Tags: Freddie Mac, disaster relief policies, Southern Storms, Major Disaster Areas, mortgage payment relief, credit bureaus, mortgage servicer

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 3, 2011 (Chris Moore)

Freddie Mac is extending its full menu of disaster relief policies for borrowers whose homes were damaged or destroyed by the recent storms in the South that are located in counties that the President has declared to be Major Disaster Areas.

Mortgage servicers at their discretion can reduce or suspend mortgage payments for up to 12 months for borrowers with Freddie Mac owned mortgages.

Servicers are also encouraged to help borrowers with Freddie Mac-backed mortgages to waive the assessment of penalties or late fees against borrowers with damaged homes and to not report forbearance or delinquencies caused by the disaster to the nation’s credit bureaus.

“Freddie Mac and the nation’s mortgage servicers will work together to advance available mortgage relief to homeowners affected by these devastating storms,” said Freddie Mac Executive Vice President of Single-Family Business, Operations and Technology, Anthony Renzi. “We have instructed our servicers to work with borrowers with Freddie Mac-owned mortgages affected by these terrible storms to grant forbearance on their mortgage payments for up to one year.”

If you have a Freddie Mac-backed mortgage and you need more information, contact your mortgage servicer, the company you send your mortgage payment to, or you can call Freddie Mac at 800-FREDDIE.

Additional information on Freddie Mac’s disaster relief policies is available online at http://www.freddiemac.com/singlefamily/service/disastermgmt.html.

Tags: Freddie Mac, disaster relief policies, Southern Storms, Major Disaster Areas, mortgage payment relief, credit bureaus, mortgage servicer

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.