Freddie Ramps Up Mortgage Servicer Incentives
July 31, 2008 at 12:55 PM EDT
Freddie Mac (FRE), one of the nation’s largest investors in residential mortgages, announced on Thursday the doubling of the financial incentives it pays for each workout that keeps a delinquent borrower with Freddie-owned loans avoid foreclosure. Beginning Friday, August 1, 2008, compensation for repayment plans will jump to $500 from $250 while loan modification compensation will [...]
