Mortgage help for homeowners
Florida homeowners can expect $8.4 billion in relief. But it can be at least six or 12 months — and possibly years — before you hear whether you're eligible for an immediate cash payment, principal reduction or refinancing. For now, a website helps answer questions. Mortgages held by Fannie Mae and Freddie Mac are not affected by the settlement. To find out if your loan is owned by either company, you can check tools on the Fannie or Freddie websites. The settlement addresses many long-standing complaints.