Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase
Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase
Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase
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June 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.50 percent from April to May while loan modifications increased by nearly fifty percent over the previous month according to the recently released Monthly Volume Summary.

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 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.

Freddie Mac completed a total of 5,091 loan modifications in May, an increase of 47.4 percent over the 3,454 loan modifications completed in April. Through the first five months of 2012, Freddie Mac has completed a total of 22,222 loan modifications, an average of 4,444 per month, which is less than half of their 2011 average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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June 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.50 percent from April to May while loan modifications increased by nearly fifty percent over the previous month according to the recently released Monthly Volume Summary.

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 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.

Freddie Mac completed a total of 5,091 loan modifications in May, an increase of 47.4 percent over the 3,454 loan modifications completed in April. Through the first five months of 2012, Freddie Mac has completed a total of 22,222 loan modifications, an average of 4,444 per month, which is less than half of their 2011 average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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June 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.50 percent from April to May while loan modifications increased by nearly fifty percent over the previous month according to the recently released Monthly Volume Summary.

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 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.

Freddie Mac completed a total of 5,091 loan modifications in May, an increase of 47.4 percent over the 3,454 loan modifications completed in April. Through the first five months of 2012, Freddie Mac has completed a total of 22,222 loan modifications, an average of 4,444 per month, which is less than half of their 2011 average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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.