Freddie Mac Announces Two Chicago Area Foreclosure Help Centers

Today, Freddie Mac, the giant government sponsored 9now owned) enterprise that underwrote billions in residential mortgages, announced that is is opening two Chicago help center to assist local homeowners facing foreclosure.  The centers will assist homeowners with the often frustrating process of loan modification.  The two groups involved with the Freddie Mac effort are Latin American Community Housing Association located at 1152 N Christiana Avenue and Neighborhood Housing Services of Chicago Inc. located at 1279 N Milwaukee Avenue.  The hope of both groups is that their intervention on behalf of homeowners will result in more modifications and allow many more homeowners to survive foreclosure.