In November, Freddie Mac kicked off its new plan to purchase most of its 120-days-or-more-delinquent mortgage loans from the company's related fixed-rate and ARM Mortgage Participation Certificate (PC) securities.

The GSE will begin securitizing pools with these as collateral as Prefix "R." These deals will be backed by loans that were once delinquent, repurchased and reinstated to current status without a modification.

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