Last Friday Freddie Mac (OTCQB: FMCC) announced having taken steps to reduce the time needed for Hurricane Sandy victims to get their insurance proceeds. Those people with Freddie Mac-owned or -guaranteed mortgages will get relief faster and be able to get renovations underway more quickly too.
According to the news release Freddie Mac SVP Tracy Mooney further iterated their commitment to simplify and streamline the process by which home owners get their lives back on track in the wake of Sandy. Accordingly, the following are some new aspects instituted for the process:
Readers who want more info on this news are encouraged to contact the company where they send their monthly mortgage payments, or call Freddie Mac at 800-FREDDIE.