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Home » Store » News » A Freddie Mac Program to Reach Out to Default Borrowers Produces Better Than Expected Results

A Freddie Mac Program to Reach Out to Default Borrowers Produces Better Than Expected Results

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Freddie Mac is finding great promise in a new program it is co-developing to help delinquent borrowers and save servicers potentially tens of thousands of dollars by avoiding foreclosure proceedings. A Roper Public Affairs survey commissioned by the government-sponsored enterprise shows that when many borrowers get behind in payments, they never attempt to talk with their servicer. That’s despite the fact that at least 75 percent recall being contacted and offered help...
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