Freddie Mac Announces Relief for Gulf Coast Borrowers Affected By Oil Spill

McLean, VA – June 18, 2010 – (RealEstateRama) — Freddie Mac today announced that servicers may grant relief to Gulf Coast borrowers unable to pay their loans because of the current oil spill’s impact on their incomes. Freddie Mac is one of the nation’s largest investors in residential mortgages.


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Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters

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