Article: Freddie Mac Upgrades Loss Mitigation Model.

Freddie Mac has enhanced its software for managing delinquent home loans to include analysis of subprime credit quality and government-guaranteed mortgage loans. Version 4.0 of Early Indicator, a behavioral modeling tool that helps lenders manage collections and loss mitigation, will be released in April, Freddie Mac announced at the MBA National Mortgage Servicing Conference here. Freddie Mac said that EarlyIndicator is already used to improve collections and reduce losses by lenders managing one third of the nation's $4.8 trillion in outstanding mortgage debt. EarlyIndicator generates collection scores for loans that are 16 to 30 days past due and loss mitigation scores ...

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