Freddie Mac Servicers Provide Assistance to Over 1M Borrowers in 2012

Over the last year, ""Freddie Mac"":http://www.freddiemac.com/ servicers have helped over one million borrowers remain in their homes through available programs.

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The total includes 687,000 borrowers who refinanced in 2012, of which 434,000 were borrowers who refinanced under the Home Affordable Refinance Program (HARP).

Last year, 70,000 delinquent borrowers with Freddie Mac loans received a modification through the Home Affordable Modification Program (HAMP) and the Standard Modification, the McLean, Virginia-based GSE reported.

Another 46,000 borrowers received temporary relief through forbearance, reinstatement, and repayment plans in 2012. Adding to this are 11,000 borrowers who found similar relief in the first quarter of this year.

For borrowers who could not keep their homes, Freddie Mac reported 53,000 were able to make an exit through a short sale or deed-in-lieu of foreclosure in 2012, with another 14,000 who have sought similar options so far this year.