Home#OpEdFreddie Mac Raise Pricing Sky High

Freddie Mac Raise Pricing Sky High

Labor Wants Proverbial Blood As Prime Vendors Refuse Pay Hikes

Initial Grass Cuts for properties under 10,000 square feet have now topped out at $450. That is not a typo! We have all the details below, but just like the rest of the NAMFS Regime Fat Cats, Labor will never see a penny of it. The #TwoForVerisk NAMFS Executive Director Eric Miller and NAMFS President Matt Zoldowski have taken a blood oath from firms like A2Z Field Services — who just lost 5 states of Freddie Mac — Cyprexx, Guardian, ServiceLink, et al. to keep Labor at $3 inspections and $27 grass cuts. Sickening!

EXPENSE REIMBURSEMENT FOR PRESERVATION AND MAINTENANCE OF VACANT PROPERTIES

We have increased the reimbursable expense limits for the following expense codes associated with the preservation and maintenance of abandoned Mortgaged Premises:

Reimbursable expense limits for abandoned properties Current reimbursement limit New reimbursement limit

Yard Maintenance/Preservation

090020 (Securing) (Slider Locks)

$50.00 $75.00

090021 (Securing) (Window Locks)

$50.00 $100.00

093004 (Initial Yard Maintenance) (Greater than 10,001 sqft)

$405.00 $525.00

093005 (Initial Yard Maintenance) (Lots up to 10,000 sqft)

$255.00 $450.00

094013 (Yard Maintenance) (Greater than 10,001 sqft)

$255.00 $450.00

094016 (Yard Maintenance) (Lots up to 10,000 sqft)

$185.00 $270.00

Property Inspections

404005 (Exterior Property Inspection)

$20.00 $30.00

404007 (Interior Property Inspection)

$25.00 $45.00

404016 (Ordinance inspection) (Weekly)

$20.00 $30.00

404017 (Ordinance inspection) (Bi-Weekly)

$20.00 $30.00

Miscellaneous

191035 (Discoloration)

$400.00 $500.00

200000 (Roof Repair/Replacement)

$1,000.00 $1,150.00

 

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Before You Go ...

Foreclosurepedia exists because readers, workers, and advocates understand that protecting Labor in the mortgage field services industry requires independence, persistence, and resources. We do not answer to servicers, hedge funds, or corporate trade groups; our accountability is to the Field Service Technicians, Inspectors and administrative personnel whose livelihoods are too often treated as expendable. Donations are what allow us to investigate quietly buried contract changes, expose abusive labor practices, and publish work that would otherwise never see the light of day. Every contribution helps keep our reporting free from industry pressure and focused squarely on defending labor standards, fair pay, and basic dignity in the foreclosure ecosystem. If you believe this work matters, your support is not symbolic—it is the reason Foreclosurepedia can continue to stand between Labor and a system that routinely exploits it.

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