Archive for the ‘Ego’ tag
Freddie Mac Doubles Financial Incentives to Servicers Who Help Borrowers Avoid Foreclosure
Freddie Mac today told mortgage servicers it was
doubling the amount of money it pays for each workout
that keeps a delinquent borrower with a Freddie Mac-owned mortgage out of
foreclosure.
Freddie Mac also announced it will start reimbursing servicers for the
cost of door-to-door outreach programs, give servicers more time to
negotiate workouts in states with fast foreclosure processes, and make
administrative changes intended to streamline the workout process.
Chicago Fed National Activity Index Improves in May
The Chicago Fed National Activity Index came in at -
0.96 in May, up from the April reading of -1.23, which was downwardly
revised from -1.17. Despite the overall improvement, all four broad
categories were negative in the month, though inflationary expectations
over the coming year are said to be low.