Freddie Mac has again extended deadlines for borrowers who sought alternative loan modifications after dropping out from the government's Home Affordable Modification Program (HAMP).

Borrowers now must make the first payment on Freddie's HAMP Backup Modifications or Cap-to-Reinstate mods by Dec. 1. The original deadline was Aug. 1, and it had been postponed once before, to Sept. 1.

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