Freddie Mac’s Delinquencies Creep Up for Third Consecutive Month
Freddie Mac’s Delinquencies Creep Up for Third Consecutive Month
Freddie Mac’s Delinquencies Creep Up for Third Consecutive Month
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December 30, 2011 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the third consecutive month to 3.57 percent in November from 3.54 percent in October according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in November of last year when the delinquency rate for single-family homes was 3.82 percent.

Delinquency rates for multi-family dwellings in November declined to 0.28 percent from 0.31 percent in October. The delinquency rate in November of last year was 0.34 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 6,886 loan modifications in November, an increase of 4.8 percent over the 6,571 loan modifications completed in October but 26.9 percent below their 2011 monthly average.

For the eleven months ending November 30, 2011, Freddie Mac has completed 103,583 loan modifications, an average of 9,417 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 6.9 percent from October to November as their total holdings decreased from $2.105 trillion to $2.093 trillion.

Single-family refinance-loan purchase and guarantee volume was $27.0 billion in November, reflecting 71 percent of total mortgage purchases and issuances. That was an increase from $24.1 billion in October.

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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December 30, 2011 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the third consecutive month to 3.57 percent in November from 3.54 percent in October according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in November of last year when the delinquency rate for single-family homes was 3.82 percent.

Delinquency rates for multi-family dwellings in November declined to 0.28 percent from 0.31 percent in October. The delinquency rate in November of last year was 0.34 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 6,886 loan modifications in November, an increase of 4.8 percent over the 6,571 loan modifications completed in October but 26.9 percent below their 2011 monthly average.

For the eleven months ending November 30, 2011, Freddie Mac has completed 103,583 loan modifications, an average of 9,417 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 6.9 percent from October to November as their total holdings decreased from $2.105 trillion to $2.093 trillion.

Single-family refinance-loan purchase and guarantee volume was $27.0 billion in November, reflecting 71 percent of total mortgage purchases and issuances. That was an increase from $24.1 billion in October.

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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CHOOSE YOUR LENDER
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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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December 30, 2011 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the third consecutive month to 3.57 percent in November from 3.54 percent in October according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in November of last year when the delinquency rate for single-family homes was 3.82 percent.

Delinquency rates for multi-family dwellings in November declined to 0.28 percent from 0.31 percent in October. The delinquency rate in November of last year was 0.34 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 6,886 loan modifications in November, an increase of 4.8 percent over the 6,571 loan modifications completed in October but 26.9 percent below their 2011 monthly average.

For the eleven months ending November 30, 2011, Freddie Mac has completed 103,583 loan modifications, an average of 9,417 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 6.9 percent from October to November as their total holdings decreased from $2.105 trillion to $2.093 trillion.

Single-family refinance-loan purchase and guarantee volume was $27.0 billion in November, reflecting 71 percent of total mortgage purchases and issuances. That was an increase from $24.1 billion in October.

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.