California wildfire victims could have up to 12 months of mortgage forbearance
Briefly

Mike Reynolds, Freddie Mac's single-family vice president, emphasized that the primary focus for those affected by the ongoing wildfires is ensuring their safety first, stating, 'Once out of harm's way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options.' This statement highlights the urgency of safety before addressing financial concerns.
Cyndi Danko, Fannie Mae's senior vice president, reiterated the importance of quick action by homeowners, urging them to immediately reach out for assistance: 'If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible.' This reflects the critical role of timely communication in disaster recovery.
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