Fannie Mae recently announced our Unique Hardships and Special Relief Policies relating to single-family mortgage loans. For borrowers who experience economic hardship either due to injuries sustained while on active duty as a U.S. service member or due to the death of a U.S. service member, who have problem drywall in their homes, or whose properties or income are negatively impacted by the Gulf oil spill, servicers may suspend or reduce mortgage payments as described more fully below. For clarification, we are providing additional information about these policies and the effect of forbearance generally on our practice of purchasing delinquent loans from our single-family MBS trusts.
Investors may contact our Fixed-Income Securities Helpline at 1-888-BOND HLP (1-888-266-3457) if they have additional questions.
Certain statements in this announcement may be considered forward-looking statements within the meaning of the federal securities laws, including statements about the impact of our forbearance policies on the number of delinquent loans that we expect to purchase from MBS trusts. Factors that may cause actual results to differ materially from the expectations in these and other forward-looking statements include the number of U.S. service members injured or killed while on active duty, the number of borrowers affected by problem drywall or the Gulf oil spill, and the occurrence of other "unique hardships," natural disasters, terrorist attacks, and other catastrophes, as well as those factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2009 and our reports on Form 10-Q and Form 8-K, filed with the SEC and available through the Investors page of our Web site at www.fanniemae.com and the SEC's Web site at www.sec.gov.
Originally published: 08/16/10