Fannie Mae says it will reimburse its servicers for referring homeowners who are behind on their mortgage payments to the HOPE Hotline for foreclosure prevention counseling. "We believe in these difficult times, independent counseling agencies can play a unique role by helping servicers to help borrowers find more opportunities to avoid foreclosure and keep their homes," said Fannie vice president Jason Allnutt. Servicers should contact their Fannie account representative for more details, the giant secondary-market agency said. The toll-free HOPE Hotline, at 1-888-995-HOPE, is open 24 hours a day and allows troubled borrowers to talk with an independent housing counselor. Fannie Mae can be found on the Web at http://www.fanniemae.com.
Processing Content
