Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers

MCLEAN, VA--(Marketwired - May 13, 2013) -  Freddie Mac (OTCQB: FMCC) today announced it is making its new Streamlined Modification program immediately available to all eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. Freddie Mac's Streamlined Modification program had originally been scheduled to start on July 1, 2013.

News Quote"Today, Freddie Mac is giving a green light to its mortgage servicers to speed up financial relief for potentially thousands of families with delinquent mortgages across the nation. Now mortgage servicers can send eligible borrowers their Streamlined Modification trial period terms as soon as they are ready and borrowers can modify their loans by making the three trial period payments on time. No borrower documentation is needed. Freddie Mac is focused on adding momentum to the housing recovery by giving distressed borrowers more options to avoid foreclosure."

Following link directs you to the full announcement: Freddie Mac announcement

Following link directs you to the info site for the streamlined modification program: Freddie Mac Streamlined Modification