Freddie Mac Issues Statement On Extension Of Home AffordableModification Program

(RTTNews.com) – Freddie Mac (FMCC.OB) issued a statement on extension of Home Affordable Modification Program through 2015.

Tracy Mooney, Senior Vice President of Single Family Servicing and REO at Freddie Mac said, “Thanks to today’s action by the Obama Administration, Freddie Mac will extend HAMP to financially troubled borrowers through 2015. We have helped more than 830,000 Freddie Mac borrowers avoid foreclosure since 2009 and nearly 230,000 of these families were helped through HAMP, which has played a critical role in the housing recovery now underway.”

Tracy Mooney also said, “We strongly encourage borrowers facing financial challenges to talk to their servicers about HAMP or Freddie Mac’s standard mortgage modification.”

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