AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FHA Urges Industry to Extend Forbearance To Gulf in Wake of Latest Hurricane Threat.
Byline: Brian Collins
Washington-Shortly after Hurricane Gustav slammed into the Louisiana coast last week, the Department of Housing and Urban Development declared a 90-day moratorium on Federal Housing Administration foreclosures and called on the mortgage industry to provide similar relief for homeowners affected by the storm.
"HUD is ready to support families in getting back on their feet as quickly as possible," HUD secretary Steve Preston said. "One way to do that is call a time out on foreclosures in these disaster areas and call on the rest of the mortgage lending community to follow suit."
The moratorium applies to counties that have been declared disaster areas by the federal government.
Freddie Mac told its servicers to be lenient with Gulf Coast homeowners and gave its servicers the "discretion to reduce or suspend mortgage payments or foreclosures for up to 12 months."
Freddie vice president for servicing Ingrid Beckles said borrowers should contact their servicers for relief if their homes have been damaged or destroyed by the hurricane.
"Freddie Mac and the nation's mortgage servicers will work together to bring some ...
- Freddie Mac Extends Mortgage Relief to Borrowers Affected by Hurricane Gustav.
- Press release article from: PR Newswire September 3, 2008 700+ words
...available to borrowers with Freddie Mac-owned mortgages who were affected by Hurricane Gustav. Freddie Mac is one of the nation...asset management at Freddie Mac. "Borrowers affected by Hurricane Gustav should contact their...
- Rite Aid Starts Reopening Gulf Coast Stores After Hurricane Gustav.
- Press release article from: Business Wire September 3, 2008 700+ words
Hurricane Gustav Evacuees Can Fill Prescriptions...Donates $75,000 to Aid Victims of Hurricane Gustav Through the American Red Cross Rite...REOPENING GULF COAST STORES AFTER HURRICANE GUSTAV Hurricane Gustav Evacuees Can Fill...
- Hurricane Gustav Preliminary Projected Losses.
- Press release article from: Business Wire September 8, 2008 700+ words
...Ala. -- On August 31, 2008, Hurricane Gustav, a Category 2 hurricane, made landfall...and tropical storm force winds of Hurricane Gustav as well as spin-off tornadoes has...mitigate the impact of events such as Hurricane Gustav. A primary component of the risk...
- CityTeam Disaster Response Urgently Helping after Hurricane Gustav in the Gulf...
- Newspaper article from: Science Letter September 16, 2008 700+ words
...volunteers are starting again after Hurricane Gustav (see also CityTeam Ministries...weekend of the third anniversary, Hurricane Gustav came storming across the gulf coast...trailers or temporary housing. Plus, Hurricane Gustav happened at the end of the month and...
- AirTran Airways Issues Hurricane Gustav Update.
- Press release article from: PR Newswire September 1, 2008 700+ words
...flights due to the projected path of Hurricane Gustav. Flights To/From Remarks Gulfport...however, that may change due to Hurricane Gustav New Orleans, La. All Flights Cancelled...Houston, Texas, are not affected. Hurricane Gustav is a fast-moving storm and weather...
- Second Harvest Heartland Supports Hurricane Gustav Relief Efforts.
- Press release article from: PR Newswire September 3, 2008 700+ words
...the national food bank network's Hurricane Gustav disaster response effort. Feeding...ship products to those displaced by Hurricane Gustav. Second Harvest Heartland will provide...Wisconsin. But disasters such as Hurricane Gustav provide us with an opportunity and...
- Hurricane Gustav Update: AirTran Airways Adds Flight From Gulfport/Biloxi.
- Press release article from: PR Newswire August 31, 2008 700+ words
...passenger demand in the advance of Hurricane Gustav. The added flight information is...2008, due to the projected path of Hurricane Gustav. The airline has waived change fees...Additional updates on flights affected by Hurricane Gustav will be issued as needed. Media Contacts...
- Hurricane Gustav: Hornets hive safe; The New [Derived headline]
- Newspaper article from: Burlington County Times September 3, 2008 700+ words
Hurricane Gustav: Hornets hive safe The New Orleans...suburban training center survived both Hurricane Gustav and a reported tornado nearby last...which was dismissed from campus as Hurricane Gustav approached the Louisiana coast...
Source: HighBeam Research, FHA Urges Industry to Extend Forbearance To Gulf in Wake of Latest...