Tag Archives: Distressed Borrowers

In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.

Approximately 511,000 borrowers who received HAMP mods in 2010 are due to reset in 2015 and face the prospect of increased interest rates, commonly known as "step-ups." Treasury and the GSEs are reaching out to assist borrowers who have trouble absorbing the increased monthly payments.