Texas-based Litton Loan Servicing LP will provide "significant benefits" to approximately 1,100 Bay State borrowers holding loans originated by Fremont Investment & Loan, as part of a recent agreement announced yesterday by Attorney General Martha Coakley’s Office.

Borrowers holding Fremont loans now serviced by Litton will receive "a number of significant benefits," according to Coakley’s office, including:

∙Loan modifications for eligible borrowers pursuant to President Obama’s Making Home Affordable Plan, of which Litton is a participant.

∙Alternatives to foreclosure for delinquent borrowers who do not qualify for loan modifications, such as short sales, deeds-in-lieu of foreclosure or relocation payments.

∙Opportunities for the Attorney General’s Office to object to foreclosures and denials of loan modifications, including a requirement that Litton obtain court approval to foreclose upon a loan where Litton and the Attorney General’s Office cannot resolve an objection.

∙Sessions with Litton representatives to be held in Massachusetts during the next month to foster borrower contact and promote sustainable loan modifications.

"As we have worked to address the fallout of the subprime lending crisis in Massachusetts over the past several years, one of our main goals has been to help those homeowners who fell to victim unfair and deceptive lending practices to stay in their homes," Attorney General Martha Coakley said. "Today’s agreement with Litton is yet another step toward that goal, and it will provide much-needed relief to over a thousand homeowners. As we have stated repeatedly, we believe that loan modifications are key to stemming the tide of foreclosures in our state, and indeed, across the nation."