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Firms Offer Help in Aftermath of Hurricanes.

Mortgage Servicing News

| November 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Responding to the immediate need of hurricane victims who need housing, a diverse group of companies are continuing to find ways to help consumers in their time of need.

Homebuilder Jim Walter Homes is offering homeowners who sustained hurricane damage assistance with no payments for six months for qualified buyers, along with a 5% discount on a new home.

"This was an unusually destructive hurricane season. Charley, Frances, Ivan and Jeanne all ran right through our home state and affected homeowners throughout our market area," said JWH president Lawrence S. Comegys.

"Six months without payments can go a long way toward helping families get back on their feet after a loss. We hope these opportunities will help people in the affected areas get into safe and secure housing quickly and affordably."

Until the end of 2004, qualified JWH buyers who sustained hurricane damage can choose to have no payments for six months with builder financing. Further, all customers who sustained hurricane damage can qualify for a 5% discount on the price of nearly all new JWH models. The company offers more than 30 homes in the $55,000 to $120,000 range.

PNC Financial Services Group Inc. is offering $150 million in below-market interest rate loans to individuals and small business owners plus $250,000 in assistance grants for the most financially distressed victims of the flooding caused by the remnants of Hurricane Ivan.

"PNC and our 23,500 employees have a tradition of helping our communities where we do business during times of need," said James E. Rohr, chairman and chief executive officer of PNC. "Although the full extent of the damage is not ...

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Source: HighBeam Research, Firms Offer Help in Aftermath of Hurricanes.

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