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Lender Helps Those Impacted By The Shutdown

Not everyone is throwing a tantrum. Some are coming up with solutions. For example, Freedom Mortgage is offering help to its borrowers who are struggling to make their mortgage payments because of the federal government shutdown.


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The shutdown, which began December 18, affects government workers as well as government contractors and vendors. As one of the nation’s largest providers of Government insured loans, there is a significant number of Freedom Mortgage borrowers who have been affected.  


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“We’re committed to helping all of our customers who may be impacted by the shutdown,” said Stanley C. Middleman, Freedom’s founder and CEO. “If a borrower has stopped receiving a paycheck, we are prepared to do everything we can to help them through this and avoid defaulting on their mortgage. Our hope is to bring some relief to our customers and reduce the immediate burden and impact of the government shutdown on their lives.” 


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 Freedom Mortgage has created a team dedicated to fully evaluating every borrower’s situation and offering a range of assistance. These options may include repayment plans, special payment forbearance and temporary partial payments, in addition to late fee waivers and temporarily suspending the reporting of derogatory credit information.


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