Unemployed homeowners getting some relief from Freddie Mac

Unemployed homeowners are getting a little bit of a boost after Freddie Mac announced on Friday it would be giving them a little bit of leeway. Those homeowners can now get up to 12 months forbearance, in some cases without requiring prior approval. According to DSNews.com, under the new directive, "servicers may offer up to six months of forbearance to unemployed homeowners without prior approval, and with prior approval servicers may offer up to six months more totaling a possible one year available in some cases."

That's good news for unemployed homeowners, who make up 10% of delinquencies because of unemployment circumstances.