Fannie Mae Completes 11k Loan Mods in May, Delinquencies Decline
Fannie Mae Completes 11k Loan Mods in May, Delinquencies Decline
Fannie Mae Completes 11k Loan Mods in May, Delinquencies Decline
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

July 3, 2012 (Jeff Alan)

Fannie Mae completed 11,611 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in May, a decline of 7.3 percent over April according to its Monthly Summary for May 2012.

In April, Fannie Mae completed 12,552 loan modifications. So far in 2012, Fannie Mae has completed 70,834 loan modifications for a monthly average of 14,167. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.57 percent from 3.63 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in May of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.14 percent and has declined or remained unchanged from the previous month since May of 2010.

Delinquency rates for multi-family dwellings declined to 0.31 percent in May from 0.35 percent in April, the sixth consecutive month that the delinquency rate has fallen. The delinquency rate for multi-family dwellings in May of 2011 was 0.52 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.7 percent in May as their Gross Mortgage Portfolio decreased from $683.2 billion in April to $676.1 billion in May. Fannie Mae’s Book of Business increased at a compounded annualized rate of 1.0 percent in May to $3.184 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $737.9 billion and their Book of Business stood at $3.204 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

July 3, 2012 (Jeff Alan)

Fannie Mae completed 11,611 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in May, a decline of 7.3 percent over April according to its Monthly Summary for May 2012.

In April, Fannie Mae completed 12,552 loan modifications. So far in 2012, Fannie Mae has completed 70,834 loan modifications for a monthly average of 14,167. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.57 percent from 3.63 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in May of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.14 percent and has declined or remained unchanged from the previous month since May of 2010.

Delinquency rates for multi-family dwellings declined to 0.31 percent in May from 0.35 percent in April, the sixth consecutive month that the delinquency rate has fallen. The delinquency rate for multi-family dwellings in May of 2011 was 0.52 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.7 percent in May as their Gross Mortgage Portfolio decreased from $683.2 billion in April to $676.1 billion in May. Fannie Mae’s Book of Business increased at a compounded annualized rate of 1.0 percent in May to $3.184 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $737.9 billion and their Book of Business stood at $3.204 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

July 3, 2012 (Jeff Alan)

Fannie Mae completed 11,611 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in May, a decline of 7.3 percent over April according to its Monthly Summary for May 2012.

In April, Fannie Mae completed 12,552 loan modifications. So far in 2012, Fannie Mae has completed 70,834 loan modifications for a monthly average of 14,167. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.57 percent from 3.63 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in May of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.14 percent and has declined or remained unchanged from the previous month since May of 2010.

Delinquency rates for multi-family dwellings declined to 0.31 percent in May from 0.35 percent in April, the sixth consecutive month that the delinquency rate has fallen. The delinquency rate for multi-family dwellings in May of 2011 was 0.52 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.7 percent in May as their Gross Mortgage Portfolio decreased from $683.2 billion in April to $676.1 billion in May. Fannie Mae’s Book of Business increased at a compounded annualized rate of 1.0 percent in May to $3.184 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $737.9 billion and their Book of Business stood at $3.204 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.