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Freddie Mac announced it is offering mortgage relief to homeowners who were victims of the storms that swept through Mississippi in February.
[IMAGE] [COLUMN_BREAK]Only Freddie Mac borrowers in locations declared ""major disaster areas"":http://www.fema.gov/disasters are eligible for additional relief.
Mortgage relief options for eligible borrowers include postponed foreclosure and eviction proceedings for up to 12 months and waived late fees. Forbearance of delinquencies caused by the disaster also won't be reported to credit bureaus.
""Freddie Mac is reminding the nation's mortgage servicers they can provide a full range of mortgage relief options to affected borrowers with mortgages we own or guarantee (or use owned or guaranteed by Freddie Mac), including forbearance on mortgage payments for up to one year. We strongly encourage borrowers to contact their servicers, who are authorized to work with them on case-by-case basis,"" said Tracy Mooney, SVP of single-family servicing and REO at Freddie Mac.
