Sandy Victims Face Spikes in Mortgage Payments, Cuomo Says

Berry, Kate
April 2013
American Banker;4/10/2013, Vol. 178 Issue 55, p5
Trade Publication
The article reports New York asked the Federal Housing Finance Agency and housing finance agencies Fannie Mae and Freddie Mac to give more flexibility to banks and mortgage servicers regarding forbearance repayments so victims of Hurricane Sandy will not have higher mortgage payments. New York's Department of Financial Services' Superintendent Benjamin Lawsky sent letters to the three agencies' chief executive officers (CEOs). A press release from New York Governor Andrew Cuomo is noted.


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