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Freddie Mac Loan Mods Up in June, HARP 18% of Loan Volume
Freddie Mac Loan Mods Up in June, HARP 18% of Loan Volume
Freddie Mac Loan Mods Up in June, HARP 18% of Loan Volume
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July 30, 2012 (Jeff Alan)

Loan modifications completed by Freddie Mac increased by almost 30 percent from May to June, while modifications through the government’s Home Affordable Refinance Program (HARP) made up 18 percent of the mortgage giant’s loan volume for the month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,597 loan modifications in June, an increase of 29.6 percent over the 5,091 loan modifications completed in May. Through the first six months of 2012, Freddie Mac has completed a total of 28,819 loan modifications, an average of 4,803 per month, which is just over half of their 2011 average of 9,098 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.45 percent from May to June.

In June of last year, the delinquency rate for single-family homes was 3.50 percent. It was the fifth consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in June edged up a notch for the second consecutive month, rising from 0.26 percent to 0.27 percent. The delinquency rate in June of last year was 0.31 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 2.4 percent from May to June as their total holdings decreased from $2.016 trillion to $2.012 trillion.

Single-family refinance-loan purchase and guarantee volume was $31.0 billion in June, reflecting 70 percent of total mortgage purchases and issuances. That was up from $22.1 billion in May.

Total refinance-loan purchase and guarantee volume was $44.1 billion, up from $30.7 billion in May, and included $8 billion in HARP refinance loans.

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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Mortgage
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Estimate your monthly mortgage payment
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Determine how much car you can afford before buying
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Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
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July 30, 2012 (Jeff Alan)

Loan modifications completed by Freddie Mac increased by almost 30 percent from May to June, while modifications through the government’s Home Affordable Refinance Program (HARP) made up 18 percent of the mortgage giant’s loan volume for the month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,597 loan modifications in June, an increase of 29.6 percent over the 5,091 loan modifications completed in May. Through the first six months of 2012, Freddie Mac has completed a total of 28,819 loan modifications, an average of 4,803 per month, which is just over half of their 2011 average of 9,098 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.45 percent from May to June.

In June of last year, the delinquency rate for single-family homes was 3.50 percent. It was the fifth consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in June edged up a notch for the second consecutive month, rising from 0.26 percent to 0.27 percent. The delinquency rate in June of last year was 0.31 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 2.4 percent from May to June as their total holdings decreased from $2.016 trillion to $2.012 trillion.

Single-family refinance-loan purchase and guarantee volume was $31.0 billion in June, reflecting 70 percent of total mortgage purchases and issuances. That was up from $22.1 billion in May.

Total refinance-loan purchase and guarantee volume was $44.1 billion, up from $30.7 billion in May, and included $8 billion in HARP refinance loans.

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

Source:
Freddie Mac

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.
Information You Can Use
Helpful Tools

July 30, 2012 (Jeff Alan)

Loan modifications completed by Freddie Mac increased by almost 30 percent from May to June, while modifications through the government’s Home Affordable Refinance Program (HARP) made up 18 percent of the mortgage giant’s loan volume for the month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,597 loan modifications in June, an increase of 29.6 percent over the 5,091 loan modifications completed in May. Through the first six months of 2012, Freddie Mac has completed a total of 28,819 loan modifications, an average of 4,803 per month, which is just over half of their 2011 average of 9,098 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.45 percent from May to June.

In June of last year, the delinquency rate for single-family homes was 3.50 percent. It was the fifth consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in June edged up a notch for the second consecutive month, rising from 0.26 percent to 0.27 percent. The delinquency rate in June of last year was 0.31 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 2.4 percent from May to June as their total holdings decreased from $2.016 trillion to $2.012 trillion.

Single-family refinance-loan purchase and guarantee volume was $31.0 billion in June, reflecting 70 percent of total mortgage purchases and issuances. That was up from $22.1 billion in May.

Total refinance-loan purchase and guarantee volume was $44.1 billion, up from $30.7 billion in May, and included $8 billion in HARP refinance loans.

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.
Information You Can Use

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