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Hurricane Harvey Mortgage Relief

Like you, I have been watching the enormous disaster unfold. The number of individuals and families that have lost their homes and possessions is heartbreaking. The rebuilding process will be a lengthy one.

Federal funds and a cooperative networking arrangement go into effect once a national disaster is declared (it was Aug 25). FEMA, Fannie Mae, Freddie Mac, Ginnie Mae, HUD and FHA have already implemented their disaster relief protocols.

If you or anyone you know was effected by the storm, they can find out about all of these programs here:

FEMA

https://www.fema.gov/hurricane-harvey?utm_source=hp_promo&utm_medium=web&utm_campaign=disaster

This site has everything emergency contact numbers to flood insurance information.

HUD and FHA

https://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2017/HUDNo_17-068

HUD will provide support to homeowners and low-income renters forced from their homes due to Hurricane Harvey. They have redirected millions of dollars to address critical needs such as housing and other services for disaster victims.

HUD, through FHA will implement a moratorium on foreclosures and forbearances. In addition special new loan programs will help people rebuild or buy another property. It’s currently estimated that 200,000 homeowners have FHA insured loans in the disaster areas.

Freddie Mac

http://freddiemac.mwnewsroom.com/press-releases/freddie-mac-to-suspend-all-evictions-and-foreclosu-otcqb-fmcc-1319317

Freddie mac is also suspending foreclosures and evictions. Freddie Mac says to contact your mortgage company right away to discuss your options.

Fannie Mae

http://www.fanniemae.com/portal/media/corporate-news/2017/hurricane-forbearance-relief-6593.html?utm_source=int&utm_medium=marquee&utm_campaign=hurricane-harvey-relief

Fannie Mae directs victims to contact their mortgage servicer as soon as possible. Fannie Mae can be reached directly at 1-800-2FANNIE.

 

Kevin Shortle

Dir. of Training, NoteSchool

 

Kevin Shortle
Director Of Training And Research at NoteSchool
As a Director of Training and Research for Eddie Speed’s NoteSchool, Kevin has spent years collaborating with Eddie to produce presentations that both entertain and captivate audiences. Their depth of fully researched and sourced information combined with their daily hands-on experience will have attendees re-examining their current focus and efforts while compelling them to seek more information and to take action.

© 2017 NoteSchool.

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