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217 Posts in 157 Topics- by 3203 Members - Latest Member: Unfarigoora

January 09, 2009, 10:06:52 PM
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Author Topic: Freddie Mac Ups the Ante  (Read 383 times)
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lizandjer
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« on: August 01, 2008, 02:38:59 AM »

Well, at least the amount they are willing to pay loan servicers to keep Freddie Mac backed mortgages out of foreclosure. 

Its very interesting to see the values Freddie Mac places on different resolutions to delinquent loans. 

For example:

$500 for arranging a repayment plan with a delinquent borrower.
$800 for modifying a delinquent loan.
And a whopping $2,200 for negotiating a short sale or pre-foreclosure sale.

I'll leave it at that since Marketwatch.com has a very thorough write up on the issue:

Freddie Mac Doubles Loan Servicer Incentives


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