Mortgage Delinquency What can Fannie Mae do to assist families who become delinquent in paying their mortgage? First and foremost, Fannie Mae tries to avoid foreclosure. There are no winners when a home mortgage is foreclosed. It is the least desirable way to resolve a problem loan, and a terrible ordeal for the homeowner. It also is costly for Fannie Mae, as the investor, and for the loan servicer. Homeowners who are having difficulties making their mortgage payments should immediately contact their mortgage loan servicer (the company to which they send their monthly payments) for assistance. Fannie Mae has instructed its lenders and servicers to avoid foreclosure whenever possible by offering borrowers who get behind in their mortgage payments various alternatives, including temporary forbearance, loan modification and preforeclosure sales. Our Risk Profiler technology allows lenders to identify, as early as possible, loans that are in danger of default, allowing lenders to intervene and take appropriate steps to help the homeowner correct the deficiency. Unfortunately, despite the best efforts of Fannie Mae, its loan servicers, and consumers, not all foreclosures can be avoided. When the borrower is unable to honor the mortgage obligation, or does not work with us to avoid foreclosure, Fannie Mae has no option but to pursue foreclosure. If this becomes necessary, it will be done in a cost-efficient manner, and always within the guidelines of state law. Quelle "Mortgage Delinquency" : General Main page for "Mortgage Delinquency"