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Loan Modifications Higher for Freddie Mac in October
Loan Modifications Higher for Freddie Mac in October
Loan Modifications Higher for Freddie Mac in October
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The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,902 loan modifications in October, up 18.2 percent from the 6,685 loan modifications completed in September. So far this year, Freddie Mac has completed a total of 68,333 loan modifications for an average of 6,833 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to improve in October, falling from 2.58 percent in September to 2.48 percent in October. Last year at this time, the delinquency rate for single-family homes was 3.31 percent and is at its lowest level since April of 2009.

Delinquency rates for multi-family dwellings saw a slight uptick in October, increasing from 0.05 percent in September to 0.06 percent in October. The delinquency rate in October of last year was 0.24 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 6.4 percent from September to October as their total holdings fell from $1.927 trillion to $1.917 trillion.

Single-family refinance-loan purchase and guarantee volume was $12.0 billion in October, reflecting 58 percent of total mortgage purchases and issuances. That was down from $16.4 billion in September, a decrease of 26.8 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 42 percent of the total refinance volume, up from 39 percent the previous month.

Total refinance-loan purchase and guarantee volume was $22.4 billion, down 20.6 percent from $28.2 billion in September.

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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The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,902 loan modifications in October, up 18.2 percent from the 6,685 loan modifications completed in September. So far this year, Freddie Mac has completed a total of 68,333 loan modifications for an average of 6,833 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to improve in October, falling from 2.58 percent in September to 2.48 percent in October. Last year at this time, the delinquency rate for single-family homes was 3.31 percent and is at its lowest level since April of 2009.

Delinquency rates for multi-family dwellings saw a slight uptick in October, increasing from 0.05 percent in September to 0.06 percent in October. The delinquency rate in October of last year was 0.24 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 6.4 percent from September to October as their total holdings fell from $1.927 trillion to $1.917 trillion.

Single-family refinance-loan purchase and guarantee volume was $12.0 billion in October, reflecting 58 percent of total mortgage purchases and issuances. That was down from $16.4 billion in September, a decrease of 26.8 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 42 percent of the total refinance volume, up from 39 percent the previous month.

Total refinance-loan purchase and guarantee volume was $22.4 billion, down 20.6 percent from $28.2 billion in September.

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

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

The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,902 loan modifications in October, up 18.2 percent from the 6,685 loan modifications completed in September. So far this year, Freddie Mac has completed a total of 68,333 loan modifications for an average of 6,833 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to improve in October, falling from 2.58 percent in September to 2.48 percent in October. Last year at this time, the delinquency rate for single-family homes was 3.31 percent and is at its lowest level since April of 2009.

Delinquency rates for multi-family dwellings saw a slight uptick in October, increasing from 0.05 percent in September to 0.06 percent in October. The delinquency rate in October of last year was 0.24 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 6.4 percent from September to October as their total holdings fell from $1.927 trillion to $1.917 trillion.

Single-family refinance-loan purchase and guarantee volume was $12.0 billion in October, reflecting 58 percent of total mortgage purchases and issuances. That was down from $16.4 billion in September, a decrease of 26.8 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 42 percent of the total refinance volume, up from 39 percent the previous month.

Total refinance-loan purchase and guarantee volume was $22.4 billion, down 20.6 percent from $28.2 billion in September.

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.
Information You Can Use

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