Report: Freddie Mac Has Helped 1.1 Million Homeowners Avoid Foreclosure Since 2009

By Brian Honea

Freddie Mac has helped nearly 1.1 million struggling homeowners either retain their homes or otherwise avoid foreclosure through a variety of means since the beginning of 2009, four months after the FHFA conservatorship began, according to the GSE’s 2014 Financial Results Summary released on Thursday. That number includes the 120,000 homeowners Freddie Mac helped avoid foreclosure during 2014 through either loan modifications, repayment plans, forbearance agreements, or short sales/deeds-in-lieu of foreclosure agreements.

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