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Real Estate & Property Law

: Housing Wire

Freddie Looks to Third-Party Servicers

By PAUL JACKSON

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Freddie Mac (FRE: 0.52 -7.14%) said Tuesday that it is piloting a third-party servicing program for Alt-A and other at-risk nonperforming mortgages, called the Workout Strategy for High Risk Loans, that will see Freddie place certain loans with special servicers in an effort to implement more aggressive loss mitigation strategies. The move comes as some [...]

Full post as published by Housing Wire on February 04, 2009 (boomark / email).

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