CMR Home Loan Rate Prediction July 14, 2005

June 14, 2005 LOS ANGELES -- Recently Hurricane Dennis destroyed and damaged many homes in the Southeast. One of the nation's largest investors in residential mortgage is Freddie Mac. Freddie extended relief policies for borrowers affected by disasters like the one caused by Hurricane Dennis.

The nations mortgage services are working together with Freddie Mac to bring financial relief to home owners affected by the recent hurricane. It is strongly recommended by Freddie to contact mortgage services for immediate relief for damages caused by Hurricane Dennis.

Highly suggested by Freddie Mac. Mortgage services should extend other strategies in order to help those with Freddie Mac Owned loans by waiving late fees and assessment penalties against the borrowers; by not reporting delinquents or forbearance as a result of the damage caused by the nation's Credit Bureau; and lastly in order to release insurance proceeds for borrowers to attain labor, materials, and other resources greatly needed by home owners for repairs on their damaged or destroyed homes. - Article By Ryan Millay.

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