Buying a Home Foreclosure News: Freddie Mac gives forbearance to returning service personnel - Jun. 13, 2005

Freddie Mac gives forbearance to returning service personnel - Jun. 13, 2005: "NEW YORK (CNN/Money) - Freddie Mac said Monday it is requiring its 2,300 mortgage servicing companies to extend a break to borrowers recently back from active duty with the U.S. armed forces.
The company said the new policy was meant to help returning military personnel who face financial hardship avoid foreclosure.
'We're extending this forbearance to make sure that lenders do not initiate or resume foreclosure for at least 90 days from a borrower's release date,' Ingrid Beckles, Freddie Mac's vice president of default asset management, said in a statement."
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