MCLEAN, VA--(Marketwired - Dec 10, 2015) - Freddie Mac (
Freddie Mac Quote:
Attribute to Chris Bowden, Senior Vice President of REO at Freddie Mac.
"Today's announcement is intended to provide a greater measure of certainty to families during the upcoming holiday season. We also strongly urge homeowners who are facing financial challenges and possible foreclosures to explore Freddie Mac's workout options with their mortgage servicers. They do help and have prevented more than 1.1 million foreclosures since 2009."
News Facts:
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.