Freddie Mac Loan Delinquencies at Three and a Half Year Low
Freddie Mac Loan Delinquencies at Three and a Half Year Low
Freddie Mac Loan Delinquencies at Three and a Half Year Low
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Loan delinquencies at Freddie Mac were at a three and a half year low in February and have fallen in eleven out of the last thirteen months to the agency’s recently released Monthly Volume Summary.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.20 percent in January to 3.15 percent in February. Last year at this time, the delinquency rate for single-family homes was 3.57 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings in February also declined, falling to 0.16 percent from 0.18 percent in January. The delinquency rate in February of last year was 0.21 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 6,686 loan modifications in February, a decline of 9.8 percent from the 7,416 loan modifications completed in January. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 4.1 percent from January to February as their total holdings fell from $1.948 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.1 billion in February, reflecting 82 percent of total mortgage purchases and issuances. That was up from $34.5 billion in January, an increase of 1.7 percent.

Total refinance-loan purchase and guarantee volume was $42.9 billion, down slightly from a revised $43.1 billion in January.

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

Source:
Freddie Mac

Reported by Jeff Alan

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Loan delinquencies at Freddie Mac were at a three and a half year low in February and have fallen in eleven out of the last thirteen months to the agency’s recently released Monthly Volume Summary.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.20 percent in January to 3.15 percent in February. Last year at this time, the delinquency rate for single-family homes was 3.57 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings in February also declined, falling to 0.16 percent from 0.18 percent in January. The delinquency rate in February of last year was 0.21 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 6,686 loan modifications in February, a decline of 9.8 percent from the 7,416 loan modifications completed in January. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 4.1 percent from January to February as their total holdings fell from $1.948 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.1 billion in February, reflecting 82 percent of total mortgage purchases and issuances. That was up from $34.5 billion in January, an increase of 1.7 percent.

Total refinance-loan purchase and guarantee volume was $42.9 billion, down slightly from a revised $43.1 billion in January.

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

Source:
Freddie Mac

Reported by Jeff Alan

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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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CHOOSE YOUR LENDER
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Loan delinquencies at Freddie Mac were at a three and a half year low in February and have fallen in eleven out of the last thirteen months to the agency’s recently released Monthly Volume Summary.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.20 percent in January to 3.15 percent in February. Last year at this time, the delinquency rate for single-family homes was 3.57 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings in February also declined, falling to 0.16 percent from 0.18 percent in January. The delinquency rate in February of last year was 0.21 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 6,686 loan modifications in February, a decline of 9.8 percent from the 7,416 loan modifications completed in January. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 4.1 percent from January to February as their total holdings fell from $1.948 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.1 billion in February, reflecting 82 percent of total mortgage purchases and issuances. That was up from $34.5 billion in January, an increase of 1.7 percent.

Total refinance-loan purchase and guarantee volume was $42.9 billion, down slightly from a revised $43.1 billion in January.

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

Source:
Freddie Mac

Reported by Jeff Alan

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.