You better be, when the implications of this one ripple through: McLean, VA – Freddie Mac (NYSE: FRE) announced today that it will purchase substantially all 120 days or more delinquent mortgage loans from the company's related fixed-rate and adjustable-rate (ARM) mortgage Participation Certificate (PC) securities. What this means is that all the defaulted loans in these packages that Freddie bought up, bundled up and then puked out into the marketplace are coming home. To Freddie. Well, at least initially. But now, every one of these loan files is going to get the fine-tooth-comb treatment. And believe me, there's gonna...