Three US senators are asking Fannie Mae and Freddie Mac for the same six-month mortgage relief being offered to Virginia homeowners struggling with Chinese drywall. Florida Sens. Bill Nelson, a Democrat, and George LeMieux, a Republican, and Sen. Mary Landrieu (D-La.), wrote a pair of letters Wednesday asking for the assistance for Florida and Louisiana victims. Last week, Fannie Mae waived mortgage payments for the Virginia homeowners in response to a request from US Sen. Mark Warner (D-Va.). Many drywall victims are unable to afford both rent and their mortgage if they want to escape their homes until they can be repaired and cleaned.
Senators seek mortgage hiatus for homes with Chinese drywall
April 16, 2010, 1:22pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio