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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Federal Home Loan Mortgage Corporation (QB) | USOTC:FMCC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.005 | 0.32% | 1.565 | 1.56 | 1.57 | 1.60 | 1.51 | 1.55 | 541,685 | 16:07:30 |
MCLEAN, Va., July 25, 2011 /PRNewswire/ -- Freddie Mac (OTC Bulletin Board: FMCC) today announced its Servicing Success Program, a new robust and balanced approach to setting performance expectations, providing feedback on servicer strengths, and weaknesses, and promoting a dialogue with servicers to improve portfolio performance and preserve homeownership. The Servicing Success Program was posted today on Freddie Mac's website and is scheduled to take effect for all Freddie Mac servicers on August 1, 2011.
News Facts:
Quote:
Attribute to Tracy Mooney, Senior Vice President, Single-Family Servicing and REO, Freddie Mac:
"Today's announcement marks the beginning of a significant advance in the scope and sophistication of servicer performance management. The robust, balanced approach we are launching in 2011 underscores Freddie Mac's commitment to invest in the future of U.S. homeownership by strengthening servicing practices and enabling servicers to more effectively preserve homeownership."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com
SOURCE Freddie Mac
Copyright 2011 PR Newswire
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