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Freddie Mac today told mortgage servicers it was doubling the amount of money it pays for each workout that keeps a delinquent borrower with a Freddie Mac-owned mortgage out of foreclosure.

Freddie Mac also announced it will start reimbursing servicers for the cost of door-to-door outreach programs, give servicers more time to negotiate workouts in states with fast foreclosure processes, and make administrative changes intended to streamline the workout process.

A few things have happened in the last few days that may ultimately ease what many are calling an onrushing foreclosure train wreck.

While some attempts are more meaningful and far-reaching than others, at least a couple of institutions which can do something to avert any coming catastrophe appear to be moving in that direction and it is heartening to see that the system may be capable of responding to trouble...