The Voter Buyoff Continues

Posted on January 7, 2012 by

From Business Insider:

Freddie Mac announced this afternoon that it will allow unemployed Americans up to a 12-month forbearance on their mortgage payments. According to the statement, Freddie Mac will allow mortgage services to extend 6 months of forbearance without approval and up to 12 months with their approval.

Freddie Mac says that 10% of delinquencies on its mortgages are tied to unemployment.