Lawmakers: Extend Unemployment Aid for GSEs
OtherA group of lawmakers are pushing the Obama administration to extend the forbearance period to 12 months for unemployed home owners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac. About 27 lawmakers, all Democrats from the House of Representatives, issued a letter to President Obama this week urging the change to help those with job losses save their homes while they seek employment. Earlier in July, the Obama administration extended the forbearance period to unemployed borrowers from three or four months to 12 months for those with […]