Freddie Mac Reports Drop in Single-Family Delinquencies in February
Freddie Mac Reports Drop in Single-Family Delinquencies in February
Freddie Mac Reports Drop in Single-Family Delinquencies in February
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March 28, 2011 (Shirley Allen)
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Government backed mortgage giant Freddie Mac reports the seriously delinquent rate, mortgages that are 90 days or more delinquent or in foreclosure, of single family homes fell to 3.78 percent in February, while the multifamily delinquency rate, mortgages that are 60 days or more delinquent or in foreclosure, increased to 0.36 percent.

February’s single family home delinquency rate is down from 3.82 percent in January and down from 4.20 percent in February 2010. Multifamily delinquencies in February are up from 0.28 percent in January and up from 0.23 percent from a year earlier.

The February Monthly Summary Report also revealed that so far this year, Freddie Mac has completed 23,017 loan modifications for the first two months of the year. February’s loan modifications totaled 11,885, while January’s total was 11,153 loan modifications completed.

Also in February, single-family, refinance-loan purchase and guarantee volume hit $31.4 billion, representing 81% of total mortgage purchases and issuances. That compares to last month when the single-family refinance-loan purchase and guarantee volume was $32.4 billion or 83% of total loan volume.

The aggregate unpaid balance on all of Freddie Mac’s mortgage-related portfolios increased by $1.3 billion, while total mortgage-related securities and other guarantee commitments decreased at an annualized rate of 1.7% in February. The total mortgage portfolio increased at an annualized rate of 0.1 percent in February.

Tags: Freddie Mac, monthly summary report, delinquency rate, single-family homes, multi-family, loan modifications, refinance-loan purchases, mortgage portfolio

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March 28, 2011 (Shirley Allen)
mortgage-freddiemac-image
Government backed mortgage giant Freddie Mac reports the seriously delinquent rate, mortgages that are 90 days or more delinquent or in foreclosure, of single family homes fell to 3.78 percent in February, while the multifamily delinquency rate, mortgages that are 60 days or more delinquent or in foreclosure, increased to 0.36 percent.

February’s single family home delinquency rate is down from 3.82 percent in January and down from 4.20 percent in February 2010. Multifamily delinquencies in February are up from 0.28 percent in January and up from 0.23 percent from a year earlier.

The February Monthly Summary Report also revealed that so far this year, Freddie Mac has completed 23,017 loan modifications for the first two months of the year. February’s loan modifications totaled 11,885, while January’s total was 11,153 loan modifications completed.

Also in February, single-family, refinance-loan purchase and guarantee volume hit $31.4 billion, representing 81% of total mortgage purchases and issuances. That compares to last month when the single-family refinance-loan purchase and guarantee volume was $32.4 billion or 83% of total loan volume.

The aggregate unpaid balance on all of Freddie Mac’s mortgage-related portfolios increased by $1.3 billion, while total mortgage-related securities and other guarantee commitments decreased at an annualized rate of 1.7% in February. The total mortgage portfolio increased at an annualized rate of 0.1 percent in February.

Tags: Freddie Mac, monthly summary report, delinquency rate, single-family homes, multi-family, loan modifications, refinance-loan purchases, mortgage portfolio

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
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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.
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March 28, 2011 (Shirley Allen)
mortgage-freddiemac-image
Government backed mortgage giant Freddie Mac reports the seriously delinquent rate, mortgages that are 90 days or more delinquent or in foreclosure, of single family homes fell to 3.78 percent in February, while the multifamily delinquency rate, mortgages that are 60 days or more delinquent or in foreclosure, increased to 0.36 percent.

February’s single family home delinquency rate is down from 3.82 percent in January and down from 4.20 percent in February 2010. Multifamily delinquencies in February are up from 0.28 percent in January and up from 0.23 percent from a year earlier.

The February Monthly Summary Report also revealed that so far this year, Freddie Mac has completed 23,017 loan modifications for the first two months of the year. February’s loan modifications totaled 11,885, while January’s total was 11,153 loan modifications completed.

Also in February, single-family, refinance-loan purchase and guarantee volume hit $31.4 billion, representing 81% of total mortgage purchases and issuances. That compares to last month when the single-family refinance-loan purchase and guarantee volume was $32.4 billion or 83% of total loan volume.

The aggregate unpaid balance on all of Freddie Mac’s mortgage-related portfolios increased by $1.3 billion, while total mortgage-related securities and other guarantee commitments decreased at an annualized rate of 1.7% in February. The total mortgage portfolio increased at an annualized rate of 0.1 percent in February.

Tags: Freddie Mac, monthly summary report, delinquency rate, single-family homes, multi-family, loan modifications, refinance-loan purchases, mortgage portfolio

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.