The people most in need of mortgage and rent relief are often the ones least aware of the programs available to help them, according to a new study from Fannie Mae.
“Consumers’ familiarity with mortgage and rent relief options was not widespread and was particularly low among populations with immediate financial and job concerns,” Fannie Mae said in its August National Housing Survey.
About one-fifth of the consumers questioned for the survey said they were concerned about “imminent financial distress,” but 60% of those surveyed didn’t know about or were unfamiliar with the mortgage and rent relief options available.
“Among all mortgage borrowers surveyed, those with lower incomes were more likely to be concerned about paying bills and were less familiar with relief options,” said
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