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Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by the Southern California Wildfires

1. Fannie Mae offers mortgage assistance due to Southern California wildfires. 2. Homeowners should contact their mortgage servicer for disaster relief options. 3. Fannie Mae provides disaster recovery counseling at no cost. 4. Support aims to help homeowners and renters during challenging times. 5. Fannie Mae is committed to enhancing access to homeownership and rentals.

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FAQ

Why Bullish?

Fannie Mae's proactive support enhances its reputation and could boost investor confidence, similar to past disaster responses that improved sentiment.

How important is it?

The article highlights Fannie Mae's role in disaster recovery, which could enhance its market position.

Why Short Term?

The assistance is immediate but may not influence long-term operations significantly, akin to past short-term supports during disasters.

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Fannie Mae Issues Reminder on Disaster Relief Options

WASHINGTON, Jan. 13, 2025 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) is reminding homeowners and renters impacted by natural disasters, including those affected by the ongoing wildfires in Southern California, of available mortgage assistance and disaster relief options. Mortgage servicers also are reminded of options to assist homeowners under Fannie Mae's guidelines during these circumstances.

"We are monitoring the Southern California wildfires, and we urge those in the path of the fires to focus on their safety," said Cyndi Danko, Senior Vice President and Chief Credit Officer, Single-Family, Fannie Mae. "We are committed to supporting homeowners, renters, and communities in need during this challenging time. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible. Homeowners and renters can learn more about disaster relief resources, including personalized support, by contacting Fannie Mae's free disaster recovery counseling services."

Homeowners and renters should call 855-HERE2HELP (855-437-3243) to access Fannie Mae's disaster recovery counseling* or visit the Fannie Mae website for more information.

Disaster Recovery Resources

Under Fannie Mae's guidelines for single-family mortgages impacted by a disaster:

Homeowners and renters looking for disaster recovery resources may visit the Fannie Mae website to learn more about addressing immediate needs. Fannie Mae also offers help navigating the broader financial effects of a disaster to homeowners and renters through disaster recovery counseling at 855-HERE2HELP (855-437-3243).* Assistance is provided free of charge by U.S. Department of Housing and Urban Development-approved housing counselors who are trained disaster-recovery experts that provide:

  • *Operated by Money Management International (MMI)

About Fannie Mae

Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit: fanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom

https://www.fanniemae.com/news

Contact Information

Photo of Fannie Mae: https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center: 1-800-2FANNIE (800-232-6643)

SOURCE Fannie Mae

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