Freddie Mac Extends Mortgage Break for Unemployed
Mortgage finance firm Freddie Mac just announced that it will give unemployed borrowers a break on their mortgage for up to one year.
"These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them more time to find new employment and resolve their delinquencies," said Tracy Mooney, senior vice president of single-family servicing and REO at Freddie Mac.
"We believe this will put more families back on track to successful long-term homeownership," Mooney adds.
Read the full story on HousingWire
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent in your area.