2012-09-12housingwire.com

``A Freddie Mac spokesman said servicers are cleared to participate in all state Hardest Hit Fund states that do not require matching amounts by the servicer or investors. The modification structure the reduction is linked to must also conform with Freddie programs as well. The Michigan program, for example, grants up to $10,000 in reductions, but the program currently requires the servicer to match, which Freddie would not allow.''


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