Many people are having problems paying their home mortgage due to Covid-19 related loss of income. If your home mortgage is backed by the Fannie Mae and Freddie Mac federal loan guarantee programs, you may be eligible for some relief.
Fannie Mae and Freddie Mac are U. S. government sponsored programs that purchase, sell, and guarantee home mortgages. Over half of all residential mortgages in the U. S. are backed by Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac have mortgage relief programs available to persons who are having difficulty making mortgage payments due to Covid-19 related loss of income.
NOTE:
For most people, the company you make your mortgage payment to is not the party who owns your mortgage. The company who you make your payment to is a “Mortgage Servicer”. The servicer then forwards your payment on to the parties who actually own your mortgage.
To find out if you have a Fannie Mae or Freddie Mac backed mortgage contact:
Fannie Mae: 1-800-232-6643
https://www.fanniemae.com/heretohelp/kyo/posts/help-is-available-in-times-of-financial-hardship-due-to-covid-19-forbearance/
Freddie Mac: 1-800-373-3343
http://www.freddiemac.com/about/covid-19.html
If you are falling behind on federally insured mortgage (Fannie Mae, Freddie Mac), and are having problems applying for their relief programs, call the Law Office of Elliott Klein for a consultation.