Fannie Mae, U.S. Army Announce Support for Military Homeowners

New initiatives are under way in Washington to help service members who are struggling with their mortgage payments avoid foreclosure.

The efforts include a mortgage payment forbearance of up to six months where the death or injury of an active-duty service member causes a hardship for military families with a mortgage obligation. Fannie Mae and the U.S. Army made the announcement at a Pentagon event Monday.

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