TRID is a real obstacle to mortgage process

Fed adopts new rule limiting 'too big to fail' bailouts

New emergency lending policy targets 'broad-based' issues, not specific firms

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Senators seek mortgage hiatus for homes with Chinese drywall

/ Print / Reprints /
| Share More
/ Text Size+
Three US senators are asking Fannie Mae and Freddie Mac for the same six-month mortgage relief being offered to Virginia homeowners struggling with Chinese drywall. Florida Sens. Bill Nelson, a Democrat, and George LeMieux, a Republican, and Sen. Mary Landrieu (D-La.), wrote a pair of letters Wednesday asking for the assistance for Florida and Louisiana victims. Last week, Fannie Mae waived mortgage payments for the Virginia homeowners in response to a request from US Sen. Mark Warner (D-Va.). Many drywall victims are unable to afford both rent and their mortgage if they want to escape their homes until they can be repaired and cleaned.

Recent Articles by Diana Golobay

Comments powered by Disqus