Mortgage Help and Covid-19

Fannie Mae and Freddie Mac have this afternoon announced a 60 day moratorium on mortgage foreclosures and evictions as well as announcing other mortgage assistance. As with all other present emergency services, their offices will become overwhelmed. We saw this before in 2008-2012 when mortgage companies could not provide enough staff or processes to handle the volume of people in need of help. My office will be working diligently to learn the details of what FNMA and Freddie have to offer. Keep in mind that many mortgages are held by companies not governed by these rules. The situation is fluid and developing. We will work to serve those persons in Philadelphia, Montgomery, Bucks, Delaware and Chester counties. Please email us your name and situation so we can provide you with the information as it develops. Thank you.