Freddie Mac (FMCC.OB) issued a statement on extension of Home Affordable Modification Program through 2015.
Tracy Mooney, Senior Vice President of Single Family Servicing and REO at Freddie Mac said, "Thanks to today's action by the Obama Administration, Freddie Mac will extend HAMP to financially troubled borrowers through 2015. We have helped more than 830,000 Freddie Mac borrowers avoid foreclosure since 2009 and nearly 230,000 of these families were helped through HAMP, which has played a critical role in the housing recovery now underway."
Tracy Mooney also said, "We strongly encourage borrowers facing financial challenges to talk to their servicers about HAMP or Freddie Mac's standard mortgage modification."
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.