Fannie Mae-

Fannie Mae (FNMA/OTC) is reminding servicers of options that are available to homeowners affected by natural disasters in the wake of Hurricane Sandy.  Under Fannie Mae’s existing guidelines, servicers have the ability to grant forbearance to any borrower they believe has been affected by a natural disaster.  Within ninety days, servicers are expected to establish contact with homeowners who have been affected and determine if additional assistance is necessary.

“We understand the disruption that a storm such as Sandy can have on people’s lives, and we’ve made it easy for our servicers to offer relief to those who need it,” said Leslie Peeler, senior vice president, National Servicing Organization, Fannie Mae.  “Servicers are on the front lines with homeowners and we are grateful for their efforts to help borrowers.  Our thoughts and prayers are with all of those who have been affected by the storm.”

[FANNIE MAE]

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