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WASHINGTON, Aug. 30, 2021 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) is reminding those impacted by Hurricane Ida of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster: Homeowners may request mortgage assistance by contacting their mortgage servicer following a disaster Mortgage servicers are authorized to offer forbearance for up to 90 days – even without establishing contact – if the servicer believes the homeowner was affected by the disaster Homeowners affected by a disaster are often eligible to reduce or suspend their mortgage payments for up to 12 months During this temporary payment break: Homeowners will not incur late fees Foreclosure and other legal proceedings are suspended There are a number of options available to potentially help homeowners catch up on missed payments, including Disaster Payment Deferral In addition, homeowners currently on a COVID-19-related forbearance plan who are subsequently impacted by the storm should contact their mortgage servicer to discuss options.
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