Novel Coronavirus (COVID-19) Assistance
In response to the challenges resulting from the outbreak and spread of COVID-19, OwnersChoice Funding, in close alignment with Freddie Mac and Fannie Mae’s recent policy updates, our credit union clients and the urging of Governor Cuomo, we want to assist both members who have and have not contracted COVID-19 and whose ability to make timely mortgage payments have been negatively affected as a result of COVID-19 (“COVID-19 related hardship”).
Along with suppressing negative credit reporting, the accessing of late fees, adhering to the required state moratoriums and not charging fees for automatic payments, OwnersChoice Funding wants to offer all of our members assistance who have been negatively affected financially by this terrible virus.
We have received numerous phone calls from members inquiring about the 90-day mortgage-payment waiver announced by Governor Cuomo on March 19 and been urged by the New York Department of Financial Services to offer the forbearing, not waiver, of mortgage payments to those in need as a result COVID-19.
Need based assistance will be considered and our industry has modified existing hardship assistance programs to better enable us to help our valued members. Please call 1-800-342-4998, option 5 to discuss your options.