Freddie Mac extends relief to Hurricane Dennis victims

Freddie Mac has decided to extend its full menu of relief policies for borrowers affected by disasters to borrowers whose homes were damaged or destroyed by Hurricane Dennis, the GSE announced. Additionally, Freddie Mac strongly encourages servicers to extend the following measures to help affected borrowers: Expediting the release of insurance proceeds to help borrowers secure materials, labor and other resources to repair their homes; Waiving assessments of penalties or late fees against borrowers with disaster-damaged homes; and, Not reporting forbearance or delinquencies caused by the disaster to the nation's credit bureaus.