2005-09-04

Media: News Releases > Fannie Mae Announces Mortgage Relief for Hurricane Katrina Victims in Mississippi, Louisiana, Alabama and Florida; Lenders Now

Media: News Releases > Fannie Mae Announces Mortgage Relief for Hurricane Katrina Victims in Mississippi, Louisiana, Alabama and Florida; Lenders Now Have More Flexibility to Handle Insurance Disbursements in Wake of Disasters: "'What matters most to hurricane victims in those first few days after a storm hits is basic safety and survival, not concerns about making their next mortgage payment,' said Pam Johnson, senior vice president and single family credit officer at Fannie Mae. 'Fannie Mae has made changes to its insurance requirements that will ease the process for lenders and, more importantly, provide homeowners with much-needed relief.' Johnson also said that she greatly appreciates the lenders who work with Fannie Mae and assist homeowners with payment issues in the aftermath of a disaster."

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