Fannie Mae has announced new initiatives to help veterans and their families that are struggling with making their mortgage payments due to hardship by giving a six month forbearance on mortgage payments to those military families who’ve experienced a death or injury in the line of duty.
The company also announced the creation of a special hotline, 877-MIL-4566, available to all service members to receive guidance about their mortgage options and enlist assistance.
Bank of America now halts foreclosures in all 50 states
Under the dark cloud of investigations into the foreclosure process of Bank of America and their sometimes creating and forging required documents they couldn’t locate to foreclose on a borrower, BofA has not halted foreclosures across the nation. How this affects Utahans is yet to be seen, but I’m sure it will buy some people a little time.