Freddie Mac (FRE: 0.52 -7.14%) said Tuesday that it is piloting a third-party servicing program for Alt-A and other at-risk nonperforming mortgages, called the Workout Strategy for High Risk Loans, that will see Freddie place certain loans with special servicers in an effort to implement more aggressive loss mitigation strategies.

Freddie Mac Streamlining Loan Modification Process
The move comes as some traditional mortgage servicers have run into problems quickly and completely implementing the recently-announced streamlined modification program, sources at various key banks have suggested to HousingWire.
The streamlined modification program (SMP), announced …