Freddie Video To Help Struggling Borrowers Gather Necessary Documents When Seeking Loan Modifications From Mortgage Servicers

The Washington Business Journal reports:

• With so many homes headed to foreclosure Freddie Mac has posted a new video on YouTube to show late-paying borrowers how to speed their efforts to get their mortgage loans modified. The video, which runs two minutes, shows borrowers which documents they need to make more effective calls to loan servicers.

• McLean-based Freddie Mac says having the right documents at hand can cut the time needed to determine their eligibility and process their application for a loan modification under President Barack Obama's Making Home Affordable program or Freddie Mac's other workout initiatives. Available in English and Spanish versions, the new Freddie Mac video — "Stop Foreclosure: Documents Your Lender Needs to Help You" — can be seen at Freddie Mac's channel on YouTube.

Source: Freddie Mac turns to YouTube to help delinquent borrowers.

Go here for the English and Spanish versions of the new Freddie Mac video, "Stop Foreclosure: Documents Your Lender Needs to Help You."