Gulf Oil Spill Victims Get Mortgage Relief Courtesy of Fannie Mae
Has your income been hit hard by the oil spill? Frustrated by the slow response of BP and its CEO, Tony Hayward (pictured left)? If you have a Fannie Mae mortgage, you may be eligible for as much as a six-month suspension on your mortgage payments, according to a new emergency program announced by the government-sponsored corporation.
How much help you can get will depend on how hard your finances have been hit by the Gulf oil spill. You also may be eligible if your property has sustained severe damage.