Freddie Mac Confirms Disaster Relief Policies as Tropical Storm Barry Approaches

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MCLEAN, Va., July 12, 2019 (GLOBE NEWSWIRE) -- today reminded Single-Family mortgage servicers of its disaster relief policies for borrowers affected by Tropical Storm Barry. Freddie Mac's disaster relief options are available to borrowers whose homes or places of employment are located in federally-declared Major Disaster Areas where federal individual assistance programs are made available to affected individuals and households.

In areas where the Federal Emergency Management Agency (FEMA) has not yet made individual assistance available, mortgage servicers may immediately leverage Freddie Mac’s short-term forbearance programs to provide mortgage relief to their borrowers affected by the storm.

“Safety is our top priority for those in Louisiana and nearby states as Barry approaches,” said Yvette Gilmore, Freddie Mac’s Vice President of Single-Family Servicer Performance Management. “Once safe from this dangerous storm, we strongly encourage homeowners whose homes or places of employment have been impacted by the storm to call their mortgage servicer—the company to which borrowers send their monthly mortgage payments—to learn about available relief options. We stand ready to ensure that mortgage relief is made available.”

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Globe Newswire: 19:02 GMT Friday 12th July 2019

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