Freddie Mac offers mortgage relief for Hurricane Helene victims

In the aftermath of Hurricane Helene, which struck the Southeast region of the United States, both Fannie Mae and Freddie Mac have announced disaster relief options for affected homeowners and renters. On September 30, 2024, Fannie Mae emphasized the importance of contacting mortgage servicers to discuss available assistance, including forbearance plans and disaster recovery counseling. Homeowners facing financial hardship due to the hurricane can benefit from options that prevent late fees and suspend foreclosure proceedings. Freddie Mac also provided immediate relief options for those impacted by the hurricane, highlighting that assistance is available for homeowners experiencing insurable losses or residing in Presidentially-Declared Major Disaster Areas. The organization reassured homeowners that they can explore various repayment options, including payment deferral and loan modifications, to help them recover financially. Both organizations are committed to supporting individuals and families affected by the disaster, ensuring that they have access to necessary resources and guidance. The relief measures aim to alleviate the financial burden caused by the hurricane and facilitate a smoother recovery process for those impacted. As the situation develops, homeowners and renters are encouraged to reach out to their mortgage servicers and utilize the resources provided by Fannie Mae and Freddie Mac to navigate the challenges posed by Hurricane Helene.