New York Gov. Andrew M. Cuomo has announced that Fannie Mae and Freddie Mac–in response to a request from the Cuomo Administration–are unveiling a new mortgage relief program to protect victims of Superstorm Sandy from large spikes in their mortgage payments. Sandy victims who received forbearance will be eligible for a special mortgage relief program that allows those homeowners to lower their monthly payments and avoid sudden payment spikes.Click to continue
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