{"id":797,"date":"2012-01-25T11:55:27","date_gmt":"2012-01-25T16:55:27","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=797"},"modified":"2012-01-25T11:55:27","modified_gmt":"2012-01-25T16:55:27","slug":"797","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2012\/01\/25\/797\/","title":{"rendered":"HELP FOR UNEMPLOYED HOMEOWNERS"},"content":{"rendered":"<p>The government-sponsored housing finance companies plans to allow such borrowers to defer part or all of their mortgage payments for up to 12 months while out of work. \u00a0 Beginning March 1, Fannie Mae will require mortgage servicers to install a new program providing forbearance relief to unemployed borrowers. \u00a0Can provide up to 6 months of relief without approva from a government-sponsored enterprise. \u00a0Special consideration can be given to borrowers who require up to 12 months of forbearance. \u00a0Freddie Mac will begin offering 12-month forbearance plans Feb. 1. \u00a0Delinquent borrowers &amp; others on the verge of default are eligible. \u00a0NO investment or 2nd home properties. \u00a0 Forbearance plans must show borrower has less than 12 months worth of mortgage payments in reserve and has monthly \u00a0housing expenses above 31% of their income.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government-sponsored housing finance companies plans to allow such borrowers to defer part or all of their mortgage payments for up to 12 months while out of work. \u00a0 Beginning March 1, Fannie Mae will require mortgage servicers to install a new program providing forbearance relief to unemployed borrowers. \u00a0Can provide up to 6 months [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/797"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=797"}],"version-history":[{"count":0,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/797\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=797"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}