SOURCE: Freddie Mac

Freddie Mac

May 30, 2013 09:10 ET

Freddie Mac Statement on Extension of Home Affordable Modification Program Through 2015

MCLEAN, VA--(Marketwired - May 30, 2013) - The following statement was released today by Tracy Mooney, Senior Vice President of Single Family Servicing and REO at Freddie Mac (OTCQB: FMCC):

"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. We strongly encourage borrowers facing financial challenges to talk to their servicers about HAMP or Freddie Mac's standard mortgage modification."

For more information about HAMP and how Freddie Mac is helping borrowers avoid foreclosure, visit freddiemac.com/avoidforeclosure/alternatives_to_foreclosure

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com. Twitter: @FreddieMac

Contact Information