Governor Cuomo Announces Fannie Mae and Freddie Mac Have Agreed to State’s Request for New Rules to Accelerate the Release of Insurance Money to Homeowners Affected by Sandy

Albany, NY – February 27, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that Fannie Mae and Freddie Mac have agreed to the State’s request for new rules to accelerate the release of insurance proceeds to homeowners affected by Storm Sandy. As requested by the administration, Fannie Mae and Freddie Mac have reduced restrictions on how banks and mortgage servicers may release insurance money to homeowners.