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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,...
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Freddie Mac has found that homeowners are becoming increasingly aware that there may be help out there should they run into problems paying their mortgage loans but there is still a long way to go in spreading the word. The mortgage corporation has just released a survey done in cooperation with Roper...
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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...