Homeowners residing in the Gulf Coast finally got some good news. Bank of America, Freddie Mac and Wells Fargo announced they were extending mortgage relief to distressed borrowers in the region. Freddie Mac forbearance policies allow its servicers to suspend a borrower’s loan payments for up to three months or reduce payments for up to six months. BofA and Wells Fargo company policies also call for an initial 90-day forbearance of payments in a disaster situation. Read the original article > Gulf Coast Borrowers Offered Mortgage Relief From BofA, Freddie Mac, Wells Fargo
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June 20, 2010
Loan Relief Available for Gulf Coast Homeowners
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