Freddie Mac Mortgage Purchases Drop by Nearly Half in December
Freddie Mac Mortgage Purchases Drop by Nearly Half in December
Freddie Mac Mortgage Purchases Drop by Nearly Half in December
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(February 5, 2013) Refinance-loan purchase and guarantee volume fell by nearly half from November to December according to Freddie Mac’s recently released Monthly Volume Summary report while the number of loan modifications dipped slightly from the previous month..

Freddie Mac completed a total of 6,288 loan modifications in December, a decline of 5.0 percent from the 6,622 loan modifications completed in November. For all of 2012, Freddie Mac completed a total of 69,581 loan modifications, an average of 5,798 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 remained unchanged at 3.25 percent in December. Last year at this time, the delinquency rate for single-family homes was 3.59 percent and remains at its lowest level since September of 2009.

Delinquency rates for multi-family dwellings in December fell to 0.19 percent from 0.24 percent in November. The delinquency rate in December 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’s total mortgage portfolio decreased at an annualized rate of 12.9 percent from November to December as their total holdings fell from $1.978 trillion to $1.956 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.5 billion in December, reflecting 67 percent of total mortgage purchases and issuances. That was down from $46.6 billion in November, a drop of 51.7 percent.

Total refinance-loan purchase and guarantee volume was $33.6 billion, down from $62.5 billion in November, a decline of 46.2 percent.

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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(February 5, 2013) Refinance-loan purchase and guarantee volume fell by nearly half from November to December according to Freddie Mac’s recently released Monthly Volume Summary report while the number of loan modifications dipped slightly from the previous month..

Freddie Mac completed a total of 6,288 loan modifications in December, a decline of 5.0 percent from the 6,622 loan modifications completed in November. For all of 2012, Freddie Mac completed a total of 69,581 loan modifications, an average of 5,798 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 remained unchanged at 3.25 percent in December. Last year at this time, the delinquency rate for single-family homes was 3.59 percent and remains at its lowest level since September of 2009.

Delinquency rates for multi-family dwellings in December fell to 0.19 percent from 0.24 percent in November. The delinquency rate in December 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’s total mortgage portfolio decreased at an annualized rate of 12.9 percent from November to December as their total holdings fell from $1.978 trillion to $1.956 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.5 billion in December, reflecting 67 percent of total mortgage purchases and issuances. That was down from $46.6 billion in November, a drop of 51.7 percent.

Total refinance-loan purchase and guarantee volume was $33.6 billion, down from $62.5 billion in November, a decline of 46.2 percent.

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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(February 5, 2013) Refinance-loan purchase and guarantee volume fell by nearly half from November to December according to Freddie Mac’s recently released Monthly Volume Summary report while the number of loan modifications dipped slightly from the previous month..

Freddie Mac completed a total of 6,288 loan modifications in December, a decline of 5.0 percent from the 6,622 loan modifications completed in November. For all of 2012, Freddie Mac completed a total of 69,581 loan modifications, an average of 5,798 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 remained unchanged at 3.25 percent in December. Last year at this time, the delinquency rate for single-family homes was 3.59 percent and remains at its lowest level since September of 2009.

Delinquency rates for multi-family dwellings in December fell to 0.19 percent from 0.24 percent in November. The delinquency rate in December 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’s total mortgage portfolio decreased at an annualized rate of 12.9 percent from November to December as their total holdings fell from $1.978 trillion to $1.956 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.5 billion in December, reflecting 67 percent of total mortgage purchases and issuances. That was down from $46.6 billion in November, a drop of 51.7 percent.

Total refinance-loan purchase and guarantee volume was $33.6 billion, down from $62.5 billion in November, a decline of 46.2 percent.

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.