What is early delinquency intervention?
Early delinquency intervention involves contacting borrowers shortly after a missed payment to assess their situation and offer assistance options. Freddie Mac requires servicers to act quickly to prevent further delinquency and reduce foreclosure risk.
Related FAQs
- Can foreclosure be paused?
- What is a pre‑foreclosure review?
- Why do servicers evaluate borrower capacity during delinquency?
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- Can delinquency be resolved without formal assistance?
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- How soon does the servicer contact borrowers after a missed payment?