Freddie Mac extends its mortgage forbearance program for the jobless to up to 12 months. NEW YORK (MainStreet) — Forbearance doesn’t have to be a dirty word for the unemployed homeowner.

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Good news for unemployed homeowners at last, as Fannie Mae says it will provide additional aid to those who are out of work and struggling to pay their mortgages, by extending the forbearance.

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Fannie Mae extends mortgage forbearance for borrowers with drywall problems Treasury Launches New Mortgage Help for Unemployed in July Jon Prior was a reporter with HousingWire through late 2012.

A list of these areas can be found at http://www.fema.gov/disasters. Freddie Mac mortgage relief options for affected borrowers in these areas include: Place borrowers on forbearance and suspend.

 · The edict gives servicers the ability to forebear a mortgage for six months without prior approval from Freddie. Freddie Mac can approve an additional six months after that. Previously, Freddie Mac allowed servicers to grant up to three months of forbearance with no payment, or six months at a reduced payment, without prior approval.

 · If during the final month of the initial unemployment forbearance period, the borrower remains unemployed, the servicer must determine if the borrower is.

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Freddie extends mortgage forbearance for unemployed Posted on January 8, 2012 – 06:26 PM by Steve thomas mortgage finance firm Freddie Mac will give unemployed borrowers a break on their mortgage for up to one year.

 · Good news for unemployed homeowners at last, as Fannie Mae says it will provide additional aid to those who are out of work and struggling to.

Fannie Mae and freddie mac unemployment forbearance program. Fannie Mae and Freddie Mac have enhanced their Unemployment Forbearance program for homeowners who have lost their jobs. It is a proactive approach that is offered to the unemployed who.

Fannie Mae and Freddie Mac, are revising their policies on forbearance when unemployment interferes with your ability to stay current on your loan. Forbearance means that a lender or mortgage.

 · Freddie Mac extends its mortgage forbearance program for the jobless to up to 12 months. NEW YORK (MainStreet) — Forbearance doesn’t have to be a dirty word for the unemployed homeowner.