Posts by Hollis McLoughlin
Hollis McLoughlin was named senior vice president, Corporate Communications & External Relations at Freddie Mac in January 2006. McLoughlin is responsible for managing Freddie Mac's external relations function in order to meet the company's outreach and communications needs. He oversees the following departments: Corporate & Marketing Communications, Corporate Relations & Housing Outreach, and Government & Industry Relations. He is a member of Freddie Mac’s management committee and reports to Executive Vice President and Chief Administrative Officer, Jerry Weiss.
For America’s underwater homeowners – particularly those who live in areas hit hardest by the housing crisis – the launch of “HARP 2.0” has been welcome news. The program was initially launched in 2009 to help struggling homeowners with mortgages owned by Freddie Mac or Fannie Mae refinance to more sustainable terms. In October 2011, the program was significantly enhanced, providing more homeowners with the opportunity to refinance at today’s historically low mortgage rates – even if they have little or no equity in their home. HARP 2.0 is already delivering strong results and in the first half of 2012, our purchase volume of HARP refinances increased 76 percent compared to the first half of 2011.
One of our top priorities is ensuring that America’s families have access to reliable information about HARP. We recognize that the Internet is one of the easiest and most accessible ways to provide homeowners with important tools, resources, and user-friendly guidance regarding their mortgage, and we continue to focus on FreddieMac.com to meet their needs. Today, FreddieMac.com serves as the starting point for many borrowers interested in HARP and other mortgage relief options.
In today's post, we're answering questions submitted by our readers on topics ranging from the ways we're fostering affordable homeownership to the latest data on mortgage delinquencies and homeowner debt. While we don't have space to tackle every topic you've raised, I want you to know we appreciate your readership and candid feedback. Keep writing – and we'll respond to as many of you as we can.
Question: A recent blog post mentions how Freddie Mac encourages owner-occupants to purchase REO properties. What specific rules are in place? (Submitted by Larry C.)
When we created "Executive Perspectives," we made a commitment to listen to our readers and generate new posts based on your feedback.
We didn't know what to expect when we launched the blog and invited your comments and questions. But we've been pleasantly surprised: it turns out that a lot of people are reading "Executive Perspectives." Not only that, you're sharing it with your colleagues and friends through Twitter and other social media.