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Loan Modification

: Mortgage Lender Implode-o-Meter

Freddie Urges 12-Month Forbearance in Flood Areas

By Implode-Explode Heavy Industries

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"Freddie is giving its servicers discretion to reduce or suspend mortgage payments for up to 12 months for borrowers with Freddie-owned mortgages, although each case must be individually assessed to determine the appropriate alternative."

Full post as published by Mortgage Lender Implode-o-Meter on April 21, 2010 (boomark / email).

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