In an effort to assist unemployed homeowners, Freddie Mac has doubled the length of time that an unemployed borrower's mortgage payments can be reduced or suspended, according to a statement released Friday afternoon by the company.
Freddie Mac has traditionally allowed its servicers -- the mortgage companies hired to handle the day-to-day management of the loans -- to offer reduced or suspended payments to help unemployed borrowers weather financial hardships.
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Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
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