Know Your Options - Avoid Foreclosure
Fannie Mae (FNMA), a government-sponsored enterprise, which buys home loans from lenders in the secondary mortgage market, has a website to assist borrowers, who are having difficulty meeting their home mortgage obligations. The website - "Know Your Options" - provides a wealth of information for all borrowers, whether or not FNMA owns your loan. You can visit the site at http://www.knowyouroptions.com/
A Borrower's Guide to an FDIC Insured Bank Failure
Links off-site to the FDIC's website. The FDIC has created a new guide for borrowers entitled "A Borrower's Guide to an FDIC Insured Bank Failure." The guide addresses a range of issues from general explanations about the FDIC's process of dealing with bank failure to specific guidance on how consumers can seek loan modifications, additional funding, or additional borrower assistance.