Freddie Mac Announces Enhanced Relief for Borrowers Impacted by COVID-19

 In Best to Practice Tips, Buying a home, Featured, Florida Mortgage Broker, Florida Mortgage Lender, Home Loans, Home Value, Insurance, Mortgage News, Mortgages, Practical Financial Tips, Quick Tips, Real Estate, Real Estate Agent Resources

homeownership, homeownership rate, American Dream, first-time home buyers, #christianpenner, #ChristianPennerMortgageTeam, #DreamHome, #FannieMaeLoans, #FHAloans, #Fix&FlipLoans, #ForSale, #FreddieMacLoans, #HouseHunting, #JumboLoans, #mortgagebroker, #MortgageLenderWestPalmBeach, #MortgageRates, #NewHome, #PrivateLoans, #RealEstate, #ReverseMortgages, #SelfEmployedLoans, #USDALoans, #VALoans, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, palm beach mortgage, mortgage brokers palm beach county, the mortgage team, palm beach mortgage group, plam mortgage, jupiter lending, mortgage companies in florida, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, west palm beach mortgage company, mortgage rates, simple mortgage calculator, mortgage amortization calculator, mortgage calculator with pmi, mortgage calculator zillow, mortgage calculator texas, mortgage cost calculator, mortgage simple definition, va mortgage calculator, va mortgage rates, va home loan requirements, va loan benefits, va home loan benefits, va loans bad credit, va home loan certificate of eligibility, va personal loan, usda rural development, usda mortgage calculator, usda direct loan, usda mortgage rates, usda loan credit requirements, usda lenders, usda loan income limits, usda direct loan income limits, usda loan calculator, usda loan rates, usda direct loan, usda mortgage rates, usda home loan calculator, what does usda do, usda loan income requirements, usda loan eligibility map, usda loan rates 2018, usda lenders, usda loan income limits, usda business loans, usda loan home condition requirements, usda home loan map, usda credit score waiver, what does aphis stand for, quicken loans 1 down payment, fha mortgage lenders near me, usda loan requirements pa, what does fsis stand for, usda organic full form, top usda lenders, does quicken loans do 203k, where to apply for a usda home loan, mortgage calculator, what is a jumbo loan, jumbo loan rates, fha loan limits florida 2018, what is a gse loan, gse 1 unit limit, va loan limits florida, conventional loan limits florida 2018,

Freddie Mac Announces Enhanced Relief for Borrowers Impacted by COVID-19

Company suspends single family foreclosure sales and evictions; confirms and expands forbearance and modification programs

MCLEAN, Va., March 18, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced it is taking numerous actions to protect those affected, either directly or indirectly, by the novel coronavirus, known as COVID-19. Specifically, for its Single-Family business, the company announced a nationwide suspension of all foreclosure sales and evictions of borrowers living in homes owned by the company. It also announced a variety of additional mortgage relief options, including an expansion of its forbearance program, to incorporate additional impacted borrowers. The company also has reminded Servicers of its existing suite of mortgage relief options to assist borrowers, while also making additional disaster related loan modifications available.

These measures are effective immediately and apply to borrowers who are unable to make their mortgage payments due to a decline in income resulting from the impact of COVID-19, regardless of whether they have contracted the virus.

Forbearance plans provide borrowers with payment relief for up to 12-months and suspend borrower late charges and penalties. It also suspends reporting to credit bureaus of past due payments of borrowers who are in a forbearance plan as a result of hardships attributable to this national emergency.

“We are doing all we can to help those adversely impacted by the coronavirus, including by immediately suspending foreclosure sales and evictions during this challenging time,” said Donna Corley, executive vice president and head of Freddie Mac’s Single-Family business. “These eviction and foreclosure stoppages are just one part of the comprehensive assistance we’re providing borrowers to help protect our communities. We are also expanding relief available through our well-known forbearance programs, allowing us to reach the majority of affected borrowers as expeditiously as possible.”

Borrowers who may be experiencing financial challenges due to COVID-19 are strongly encouraged to contact their mortgage servicer – the company they send their monthly mortgage payments to – so they can explore one of the Freddie Mac workout options.

“We are committed to helping families affected by the virus and we are instructing Servicers to work with borrowers who are unable to make their mortgage payments to ensure they are evaluated for a forbearance plan or other appropriate assistance,” added Kevin Palmer, senior vice president of Single-Family portfolio management at Freddie Mac. “We ask that Servicers be responsive to potential requests for assistance from borrowers who may be impacted by COVID-19.”

Freddie Mac’s mortgage relief options for borrowers impacted by COVID-19 include:

  • Ensuring payment relief by providing borrowers forbearance for up to 12 months;
  • Waiving assessments of penalties or late fees against borrowers;
  • Suspending the reporting of delinquency related to forbearance, repayment or trial plans to credit bureaus; and
  • Allowing Servicers to offer borrowers additional loss mitigation options that are typically only enacted to address natural disasters. This includes loan modifications that give servicers options to provide payment relief or keep the payment the same post the forbearance period.

Borrowers are eligible for forbearance regardless of whether their property is owner occupied, a second home or an investment property.

The suspension of foreclosure sales and evictions is effective immediately and applies until May 17, 2020. If necessary, and at the direction of the Federal Housing Finance Agency, Freddie Mac may extend the suspension of evictions beyond May 17, 2020.

Freddie Mac has helped more than 1.3 million financially troubled borrowers avoid foreclosure since 2009. For more information on Freddie Mac mortgage relief, visit My Home by Freddie Mac(SM).

 

If you need help with your mortgage payments then check out these websites: CLICK BELOW

https://www.fanniemae.com/portal/media/corporate-news/2020/covid-homeowner-assistance-options-7000.html?fbclid=IwAR0jBk4JGZ1L5xdGexmwwXrLE8i5U-MH_-vMbPA_HhASpDsnUd9LdHByBF0

Or

https://freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-announces-enhanced-relief-borrowers-impacted-covid/?fbclid=IwAR3x2z_FPRDaiHaWX-GiUgf2CpSIvlLQtVe8p81IU9h0kVeZx9KWgumGJqQ

Or call me directly at 561-316-6800 for any questions

Freddie Mac Lookup Tool:

Fannie Mae Lookup tool:

 

Read from source: “Click Me

 

Mortgage Brokers in North Palm Beach FL, Christian Penner Mortgage Team, North Palm Beach FL mortgage lender specializes in conventional, FHA, VA, Jumbo and Reverse Mortgages. Competitive Rates, Apply Today!


 

Questions, Comments or For more information you can call Christian Penner Branch Manager at 561-316-6800 or email us at TheMortgageTeam@ChristianPenner.com

Approval Hotline: 561-316-6800


Helping You Achieve the American Dream of Home Ownership

Or You can click “Call Me” below to call Christian Penner directly using Google Voice


Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team. Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.

712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800

– – –


ChristianPenner.com

http://www.christianpenner.com/freddie-mac-announces-enhanced-relief-for-borrowers-impacted-by-covid-19/

– “Freddie Mac Announces Enhanced Relief for Borrowers Impacted by COVID-19” –

The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800

Recommended Posts
Christian Penner Mortgage Team – West Palm Beach FL Mortgage Lenders and Mortgage Brokers
Accessibility menu is on
Page Structure
This page contains no headers
This page contains no landmarks

Home Loans in Minutes!

Get Approved Online Fast and Easy!

Helping you achieve the American Dream of home ownership.

We Specialize in All Types of Mortgage Loans: VA – FHA – USDA – Fannie/Freddie – Jumbo – Self Employed – Private Loans – Fix & Flip Loans & Reverse Mortgages.

YOUR FLORIDA HOME SEARCH

Starts Here

NEXT GENERATION MLS TECHNOLOGY

irealestatesearch-6-mid
irealestatesearch-6b-down

Our Mission is to Help our Local Heroes, that include our Military (Active, Reserve & Veterans), Firefighters, EMS, law Enforcement, Healthcare Professionals and Teachers, to Buy a Home.

We have access to the best programs for first-time home buyers, second home buyers and investment buyers. We have special programs for first-time home buyers that can get you a IRS tax credit up $2,000 a year and/or up to $10,000 for a downpayment and/or closing costs. Find out right now what you are eligible for and click here or call us directly on our Mortgage Loan Approval Hotline at 561-316-6800.

If you are a Veteran and already have a VA loan that you want to refinance or you are looking to use your VA loan again find here what your benefits are: Click Here

You can find out in Minutes. Answer a few questions to get connected with a home loan specialist who can determine your eligibility.

Christian Penner

Your Local Branch Manager & Mortgage Lender That Specializes In All Types of Home Mortgage Loans.

Stay connected

Follow Christian Penner for exclusive tips and updates

Fast. Easy. Personal.

Use our mortgage calculators

Monthly Mortgage Payment

This calculator will compute your Total Monthly Mortgage Payment. Your monthly payment will include principal and interest and an escrow account for property taxes and homeowners insurance.

Go to calculator

Monthly Payment Amortization

This calculator will compute your Monthly Payment, the Total Interest you will pay over the term of the loan plus the total amount you will actually pay for borrowing the money.

Go to calculator

What Size Loan Can I Qualify For?

This calculator will help you determine the maximum loan you may be able to qualify for. Please note that these figures are guidelines only.

Go to calculator

Should I Refinance?

This calculator will show if refinancing your current mortgage is appropriate by taking your current Monthly Payment and Total Interest and comparing it to your Refinancing Savings.

Go to calculator

Buying vs Renting Comparison

This calculator will assist you in deciding whether it is better to rent or purchase a home. This is done by computing the costs of renting versus the costs of buying a home.

Go to calculator

How Much Of My Payment Is Interest vs Principal?

For the first years of your mortgage, most of your mortgage payment is going to pay interest and very little is going to actual principal. This calculator will help you to determine the principal and interest breakdown on any given payment number.

Go to calculator

How To Pay Off My Mortgage Early

You can pay off your existing mortgage sooner than it due date by simply applying additional payments to your principal balance. This calculator will show how the additional monthly payment will help you to pay off your current mortgage within a specified number of years.

Go to calculator

Want to know what your home is worth?

Your Local Branch Manager & Mortgage Lender That Also Has The Resources To Be A Mortgage Broker

About Me, My Family, The Mortgage Team & You

Home

Branch Manager | Mortgage Lender

Christian Penner Your Local Branch Manager and Mortgage Lender That Specializes In All Types Of Home Mortgage Loans: VA – FHA – USDA – Fannie/Freddie – Jumbo – Self Employed – Private Loans – Fix & Flip Loans & Reverse Mortgages

I am currently a Branch Manager with The Christian Penner Mortgage Team, A Division of Hamilton Group Funding, Inc. I have been in the Real Estate Lending Business since 1997. I Graduated from the University of Florida, in 1996, with a BS Degree in Business Administration with a Double Major in Business Finance and Real Estate. I have also graduated from the Todd Duncan Mortgage Productivity School and I am a Licensed Florida Mortgage Loan Originator: NMLS#368289.

About Me

I have lived in North Palm Beach County Since 1976, after moving from Cleveland Ohio. I started working for a Norwest Financial, a Sales Finance Company right out of college providing personal consumer loans, Sales Financial Loans, and Mortgage Loans. I Maintained being a Top 10% Producer throughout my career with the company. I then transferred to Norwest Mortgage which later became Wells Fargo Home Mortgage. Do to my success with Wells Fargo Home Mortgage, I opened and Managed a Wells Fargo Branch office, in Jupiter FL until 2004. Since then I have been a Producing Branch Manager for a few different companies and Banks and I am now the the Manager of The Christian Penner Mortgage Team, a Division of Hamilton Group Funding.

About My Family

More important than my profession is my family. I originally met my wife when I was in the 6th grade, at a Church Youth Group, but we did not actually start a relationship until after we both graduated from College. We have been married since 2003 and we have two amazing children. My son is named after me and my daughter’s name is Brooke and they are a little over a year apart. I really enjoy spending time with them and my wife when I am not working. We all enjoy boating, Golf, going on vacations and enjoying time together at our house in the pool. I also try to stay involved when they are playing soccer, flag football, baseball and martial arts.

Our Goals For You
Our goal for you is to help you to minimize your tax liability and maximize your cash flow. In today's market a mortgage loan is more than ever a financial instrument that must be tied into your long and short term personal financial plan. This will allow you to create a debt strategy that will help you to build long term wealth for you and your family.

The Mortgage Team
We are privileged and Fortunate to have a very experienced Mortgage Team of Professionals that share the same vision. Our intention is to impress upon you the importance of making your mortgage a pivotal component to your overall financial planning strategy. Our goal is to custom fit you with the best overall financing package by, integrating the financing you select with your long and short-term financial and investment goals, which are coupled with your payment and equity objectives.

Throughout the process of your transaction you will be dealing with our entire team at various stages during the loan process. You quest for a new home loan begins with my Intake Team. They will be responsible for working closely from start to finish, answering questions and gathering all the necessary documents for Processing.

Our Processing Team are responsible for the Underwriting Stage, Loan Approval Stage, Cleared to Close Stage and the Closed Stage.

Our Team will stay in touch with you throughout the process, before, during and after your closing. As your Personal Loan Consultant, I will oversee every stage of the process. It is our goal to make the mortgage Loan Process the best part of your home buying experience you will ever have.

We want more then to just earn your business; we want to make you part of our family. Rest assured that with our "Client For Life" commitment, You will always be our #1 priority. We surely hope that you will refer us to all your friends, Family and co-workers!

For Business Partners
Christian works with several referral partners including Realtors, Real Estate Attorney’s, CPA’s, Financial Advisors, Insurance Professionals, Developers and Builders. He is a visionary and his goal is to facilitate and empower you to reach your Marketing & Business goals! I have incorporated multiple cutting edge sales strategies, for his Referral Partners, that include that include lead generation systems using Social Media Technology through Live Streaming using Facebook Live, FaceBook Messenger Bots, Facebook Ads, CRM's, Facebook Business Pages, Google + For Business, Google Adwords, , WordPress, Video Marketing, Webinars, Single Property Websites, Craig's List, Squeeze Pages, Blogging, Text to Voice Technology, QR Codes and Post Closing Marketing Campaigns with co-branding.

Testimonials & Reviews

What my clients say about my service

  • Christian and his team not only helped us purchase our beautiful home but a year later helped us refinance and save hundreds of dollars a month with no out-of-pocket costs for us! To Christian, Mary and the rest of the team: THANK YOU!!!!!

    Bret G
    Bret G Palm Beach, FL
  • Knowledgeable and helpful. Christian's team got the job done and we closed on a great home and got a good rate.

    Jeffrey H.
    Jeffrey H. Vienna, Austria
  • Christian Penner is the best mortgage lender I have ever worked with. He really helped me out and he was able to get my mortgage closed on time! So If you are looking for a great mortgage team then you need to call Christian Penner!

    Joshua B.
    Joshua B. Palm Beach, FL
Average Rating:
5.0
Full Star Full Star Full Star Full Star Full Star
Total Number of Reviews:
1
  • Full Star Full Star Full Star Full Star Full Star
    December 14, 2018
    Andrea, P
    The Christian Penner Mortgage is the best mortgage team, I have ever worked with! They have solutions for type of situation.
Full Star Half Star Empty Star

Take the first step

We Specialize in All Types of Mortgage Loans: VA – FHA – USDA – Fannie/Freddie – Jumbo – Self Employed – Private Loans – Fix & Flip Loans & Reverse Mortgages

Fill out the short form below to start the simple preapproval process. Or talk to a Home Loan Specialist now.

Contact us

We know that you are not always able to find an answer to every question on our website. That’s why we encourage you to ask us a question. One of the knowledgeable members of our team will respond shortly with an answer to any question you may have.

homeownership, homeownership rate, American Dream, first-time home buyers, #christianpenner, #ChristianPennerMortgageTeam, #DreamHome, #FannieMaeLoans, #FHAloans, #Fix&FlipLoans, #ForSale, #FreddieMacLoans, #HouseHunting, #JumboLoans, #mortgagebroker, #MortgageLenderWestPalmBeach, #MortgageRates, #NewHome, #PrivateLoans, #RealEstate, #ReverseMortgages, #SelfEmployedLoans, #USDALoans, #VALoans, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, palm beach mortgage, mortgage brokers palm beach county, the mortgage team, palm beach mortgage group, plam mortgage, jupiter lending, mortgage companies in florida, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, west palm beach mortgage company, mortgage rates, simple mortgage calculator, mortgage amortization calculator, mortgage calculator with pmi, mortgage calculator zillow, mortgage calculator texas, mortgage cost calculator, mortgage simple definition, va mortgage calculator, va mortgage rates, va home loan requirements, va loan benefits, va home loan benefits, va loans bad credit, va home loan certificate of eligibility, va personal loan, usda rural development, usda mortgage calculator, usda direct loan, usda mortgage rates, usda loan credit requirements, usda lenders, usda loan income limits, usda direct loan income limits, usda loan calculator, usda loan rates, usda direct loan, usda mortgage rates, usda home loan calculator, what does usda do, usda loan income requirements, usda loan eligibility map, usda loan rates 2018, usda lenders, usda loan income limits, usda business loans, usda loan home condition requirements, usda home loan map, usda credit score waiver, what does aphis stand for, quicken loans 1 down payment, fha mortgage lenders near me, usda loan requirements pa, what does fsis stand for, usda organic full form, top usda lenders, does quicken loans do 203k, where to apply for a usda home loan, mortgage calculator, what is a jumbo loan, jumbo loan rates, fha loan limits florida 2018, what is a gse loan, gse 1 unit limit, va loan limits florida, conventional loan limits florida 2018,homeownership, homeownership rate, American Dream, first-time home buyers, #christianpenner, #ChristianPennerMortgageTeam, #DreamHome, #FannieMaeLoans, #FHAloans, #Fix&FlipLoans, #ForSale, #FreddieMacLoans, #HouseHunting, #JumboLoans, #mortgagebroker, #MortgageLenderWestPalmBeach, #MortgageRates, #NewHome, #PrivateLoans, #RealEstate, #ReverseMortgages, #SelfEmployedLoans, #USDALoans, #VALoans, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, palm beach mortgage, mortgage brokers palm beach county, the mortgage team, palm beach mortgage group, plam mortgage, jupiter lending, mortgage companies in florida, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, west palm beach mortgage company, mortgage rates, simple mortgage calculator, mortgage amortization calculator, mortgage calculator with pmi, mortgage calculator zillow, mortgage calculator texas, mortgage cost calculator, mortgage simple definition, va mortgage calculator, va mortgage rates, va home loan requirements, va loan benefits, va home loan benefits, va loans bad credit, va home loan certificate of eligibility, va personal loan, usda rural development, usda mortgage calculator, usda direct loan, usda mortgage rates, usda loan credit requirements, usda lenders, usda loan income limits, usda direct loan income limits, usda loan calculator, usda loan rates, usda direct loan, usda mortgage rates, usda home loan calculator, what does usda do, usda loan income requirements, usda loan eligibility map, usda loan rates 2018, usda lenders, usda loan income limits, usda business loans, usda loan home condition requirements, usda home loan map, usda credit score waiver, what does aphis stand for, quicken loans 1 down payment, fha mortgage lenders near me, usda loan requirements pa, what does fsis stand for, usda organic full form, top usda lenders, does quicken loans do 203k, where to apply for a usda home loan, mortgage calculator, what is a jumbo loan, jumbo loan rates, fha loan limits florida 2018, what is a gse loan, gse 1 unit limit, va loan limits florida, conventional loan limits florida 2018,