Fannie Mae has announced the availability of mortgage relief for victims of recent California wildfires and the donation of $150,000 in grants to American Red Cross chapters in Southern California.The mortgage relief is available under Fannie's single-family servicing guidelines on disaster relief, which advise lenders to make judgments on a case-by-case basis about suspending or reducing mortgage payments for up to four months or offering loan repayment plans that may extend up to 18 months. The Red Cross grants were made to chapters in Los Angeles, San Diego, and San Bernardino counties.
Fannie Cites Disaster Relief, Red Cross Grants
October 26, 2007, 2:00 p.m. EDT 1 Min Read
