Freddie Mac' December 12th Bulletin provided requirements for Servicers to implement, underwrite and service eligible Freddie Mac-owned mortgages under the Streamlined Modification Program.

With its January 9th Bulletin Freddie Mac announces additional Servicing requirements and documentation for the Streamlined Modification Program(SMP).

With this Bulletin Freddie Mac is:

• Providing new requirements and specific related documentation for Mortgages with scheduled interest rate changes (including adjustable-rate Mortgages (ARMs)) or payment adjustments occurring during the SMP three-monthly payment trial period prior to the modification of the Mortgage ("Trial Period") 
• Providing additional information to Servicers related to processing a modification under the SMP on Mortgages with mortgage insurance 
• Reminding Servicers that the suspension of foreclosure sales and scheduled evictions on occupied single-family 1- to 4- unit properties has been extended through January 31, 2009 
• Reminding Servicers of our requirements for the use of Freddie Mac’s logo

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 500 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.