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Freddie Mac announces that it extends forbearance for unemployed

It came as a relief for unemployed: Freddie Mac extended forbearance for its clients without jobs, which means starting now some unemployed troubled homeowners can receive up to 1 year forbearance. The announcement came Friday, right after the US Department of Labor stated that the nation’s unemployment rate trends down. According to the department’s data [...]

January 4, 2012

NATIONAL Senator Urges OCC to Reform Abandoned Foreclosure Rules Sen. Sherrod Brown wrote to the Office of the Comptroller of the Currency a couple days ago asking the agency to reform its policies governing how banks treat homes abandoned prior to foreclosure.  In his letter he questioned the guidance the OCC released at the end [...]