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GSEs Offer Relief On Military Loans.(Brief Article)
Fannie Mae and Freddie Mac said last week that they have initiated steps to ease the forbearance process for borrowers called to active military duty.
The two secondary mortgage giants said they will require of all their seller/servicers that they merely accept a borrower's active military orders in order to activate the 6% cap on all mortgage loans and will ask that lenders not notify credit bureaus of forbearance requests so that the borrower's credit ratings are not adversely affected.
"Our goal is that no one should lose their home, or worry about losing their home, or worry about their credit report simply for serving in the ...
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