Industry NewsMortgage

Freddie doing loan mods door-to-door

Hope Now servicers take show on the road

The Hope Now alliance of mortgage servicers and investors is holding workshops around the country to meet face-to-face with distressed homeowners.Freddie Mac on Tuesday announced it's going even farther, hiring a company to go door-to-door to meet with delinquent borrowers in their homes to collect missing information and documents needed to begin three-month trial loan modifications under the Obama administration's Making Home Affordable Program.Hope Now said recent workshops in Boston and Tampa attracted nearly 1,800 at-risk homeowners. About one in three of the 781 homeowners who showed up in Boston were granted workouts before leaving the workshop, HOPE NOW said.Hope Now plans additional workshops in Southern California and Atlanta in October. Freddie Mac maintains a comprehensive list of foreclosure prevention workshops hosted not only by HOPE NOW, but other counseling organizations and state and local governments.Meanwhile, Freddie Mac says it has hired Titanium Solutions Inc. to...

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