Freddie Mac Pushes Out Foreclosure Timelines
Posted by Paul Jackson on Jul 31st, 2008
2008
Jul 31
Pressure to raise servicer spreads may have just gotten a little more intense on Thursday, with Freddie Mac (FRE: 8.17 -6.41%) announcing a huge, mixed bag of changes to its servicing guidelines — including doubling the amount of money it pays for each workout alternative, and lengthening foreclosure timelines in key states. The GSE also [...]