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September 07, 2005
Banks Allow Flood Victims To Hold Off From Making Mortgage Loan Payments (Finance Technology Network)
With tens of thousands of homeowners in four states displaced by Hurricane Katrina, some banks and finance companies are allowing customers to forgo monthly mortgage payments for 90 days without incurring late fees or other penalties. The Mortgage Bankers Association, an industry trade group, estimated that 360,000 single-family mortgages in the four states were affected by the hurricane and its floods. Full Report on Finance Technology.
Posted by QiRealtyEditor at September 7, 2005 09:27 AM