RPT-Freddie Mac hires servicers for high-risk mortgages
(Refiles to fix company ticker) NEW YORK, Feb 3 (Reuters) - Freddie Mac (FRE.P), the second-largest provider of funding for U.S. home mortgages, on Tuesday said it has hired a team of special servicing companies to manage higher-risk mortgages.
The government-controlled company hired Ocwen Financial Corp (OCN.N) and others to take a selected portfolio of loans at least 60 days delinquent for "intensive attention," it said in a statement.
Servicers will use all of Freddie Mac's "workout" options, including a streamlined loan modification program. (Reporting by Al Yoon)
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