Performing Loans: Freddie Mac is in the process of securitizing over $1 billion in performing loans that were modified.
The loans are pooled into new Freddie Mac fixed rate modified participation certificates (modified PCs), according to a release. The modified loans have been performing for at least six consecutive months and were held in the company’s mortgage portfolio. Freddie Mac’s goal is to help families stay in their homes and provide alternatives to foreclosure.”
Fixed Rates Rise Again
No comments:
Post a Comment