Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Fannie Mae reaches out to prevent foreclosure
Tuesday, August 03, 2010
Homeowners have a new resource in the fight to prevent foreclosure.
The giant mortgage purchaser, Fannie Mae, has launched a new website to help make homeowners aware of various options that they may have when searching for solutions to their housing problems. These alternatives include a loan modification, a short sale and a deed in lieu of foreclosure.
Consumer Action recommends that homeowners also seek information on opportunities to reduce the principal amount of their mortgage.
Fannie Mae also plans to open mortgage help centers in the hardest hit sections of the country. Two centers are currently available in Chicago and South Florida.
For information on Fannie Mae’s new mortgage help site visit www.knowyouroptions.com
Tags/Keywords
foreclosure, mortgage, financial, home financing, modify, modification
Article Statistics
Article Viewed: 1737
Quick Menu
Support Consumer Action
Join Our Email List
Housing Menu
Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts