Freddie Mac Loan Modifications Decline 20 Percent in September
Freddie Mac Loan Modifications Decline 20 Percent in September
Freddie Mac Loan Modifications Decline 20 Percent in September
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October 31, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac fell by almost 20 percent from August to September while single-family delinquency rates saw their first increase in eight months according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,269 loan modifications in September, a decline of 19.8 percent over the 7,817 loan modifications completed in August. Through the first nine months of 2012, Freddie Mac has completed a total of 49,683 loan modifications, an average of 5,520 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio increased for the first time in eight months, climbing a modest 0.01 percentage points to 3.37 percent. In September of last year, the delinquency rate for single-family homes was 3.51 percent.

Delinquency rates for multi-family dwellings declined from 0.29 percent in August to 0.27 percent in September. The delinquency rate in September of last year was 0.33 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’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from August to September as their total holdings decreased from $1.989 trillion to $1.973 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in September, reflecting 75 percent of total mortgage purchases and issuances. That was unchanged from August.

Total refinance-loan purchase and guarantee volume was $39.0 billion, down from $41.3 billion in August, a decline of 5.7 percent.

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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October 31, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac fell by almost 20 percent from August to September while single-family delinquency rates saw their first increase in eight months according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,269 loan modifications in September, a decline of 19.8 percent over the 7,817 loan modifications completed in August. Through the first nine months of 2012, Freddie Mac has completed a total of 49,683 loan modifications, an average of 5,520 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio increased for the first time in eight months, climbing a modest 0.01 percentage points to 3.37 percent. In September of last year, the delinquency rate for single-family homes was 3.51 percent.

Delinquency rates for multi-family dwellings declined from 0.29 percent in August to 0.27 percent in September. The delinquency rate in September of last year was 0.33 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’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from August to September as their total holdings decreased from $1.989 trillion to $1.973 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in September, reflecting 75 percent of total mortgage purchases and issuances. That was unchanged from August.

Total refinance-loan purchase and guarantee volume was $39.0 billion, down from $41.3 billion in August, a decline of 5.7 percent.

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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October 31, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac fell by almost 20 percent from August to September while single-family delinquency rates saw their first increase in eight months according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,269 loan modifications in September, a decline of 19.8 percent over the 7,817 loan modifications completed in August. Through the first nine months of 2012, Freddie Mac has completed a total of 49,683 loan modifications, an average of 5,520 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio increased for the first time in eight months, climbing a modest 0.01 percentage points to 3.37 percent. In September of last year, the delinquency rate for single-family homes was 3.51 percent.

Delinquency rates for multi-family dwellings declined from 0.29 percent in August to 0.27 percent in September. The delinquency rate in September of last year was 0.33 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’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from August to September as their total holdings decreased from $1.989 trillion to $1.973 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in September, reflecting 75 percent of total mortgage purchases and issuances. That was unchanged from August.

Total refinance-loan purchase and guarantee volume was $39.0 billion, down from $41.3 billion in August, a decline of 5.7 percent.

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.