Freddie Mac has announced that its previously reported mortgage relief for victims of Hurricane Charley and Hurricane Frances has been extended to victims of Hurricane Ivan.The relief is available to families whose homes were damaged or destroyed by Ivan in locations declared Major Disaster Areas. Under its disaster relief policies, Freddie Mac encourages its servicers to reduce or suspend mortgage payments for up to 12 months, waive the assessment of penalties or late fees, not report forbearance or delinquencies caused by the hurricane to credit bureaus, and expedite the release of insurance proceeds.
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