Fannie Mae has expanded the menu of
post-disaster services it is offering to its borrowers. The new services are in addition to the up to
12 months of forbearance, waived fees, and temporary foreclosure moratorium that
Freddie Mac and Fannie Mae (the GSEs) traditionally offer in the wake of hurricanes,
wildfires, and other disasters.
A press release from Fannie Mae,
probably prompted by the unprecedented destruction and loss of life from
wildfires in both the northern and southern parts of California, announces
personalized case management services through its Disaster Response
Network. The program will provide
personalized support "to address safety and basic needs, property repairs,
employment, and financial recovery-all of which affect a borrower's ability to
meet their mortgage obligations."