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BRIEF-Freddie Mac announces new foreclosure prevention program
December 14, 2016 / 8:08 PM / 9 months ago

BRIEF-Freddie Mac announces new foreclosure prevention program

Dec 14 (Reuters) - Freddie Mac:

* Freddie Mac announces new foreclosure prevention program

* New program replaces Freddie Mac’s version of Home Affordable Modification program which is set to expire at end of this year

* New program was developed in alignment with Fannie Mae at Direction Of Federal Housing Finance Agency

* Flex modification expected to provide a 20 percent payment reduction for eligible borrowers Source text for Eikon: Further company coverage:

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