freddie mac

GSE mortgage underwater principal reduction

Principal Reduction Will Cost You BIG

The debate on applying principal reductions to underwater homes is really starting to heat up. They’ve started throwing out terms like “moral hazard” and “shared appreciation” and other things that really don’t solve the issues. But at least they’re talking. Basically the only way such a program would be effective […]

Forbearance Extension Now Available 23

Freddie Mac has decided to extend the available forbearance periods for unemployed homeowners. Previously borrowers facing extended unemployment were only eligible for, at most, 6 months of reduced payments. And that required prior approval. Now, borrowers can receive up to 1 year of forbearance from mortgage payments. This could be […]

mortgage servicer forbearance extended