Ocwen News

"Freddie Mac Plans New Troubled Loan Strategy"

Mortgage finance company Freddie Mac said Tuesday it is launching a pilot program to identify borrowers who are at risk of foreclosure in an effort to keep them from losing their homes…Those loans would be turned over to companies that will bring specially trained counselors to work with borrowers. Freddie Mac said it has picked Florida-based loan servicer Ocwen Financial Corp., to help run the program and did not say whether any other companies are involved.

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