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Loan Modifications Slow in April
Loan Modifications Slow in April
Loan Modifications Slow in April
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The number of loan modifications completed by Freddie Mac slowed in April while delinquency rates for both single-family and multi-family homes improved according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,068 loan modifications in April, a decline of 6.8 percent from the 6,511 loan modifications completed in March. So far this year, Freddie Mac has completed a total of 26,681 loan modifications for an average of 6,670 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 decline in April, falling from 3.03 percent in March to 2.91 percent in April. Last year at this time, the delinquency rate for single-family homes was 3.51 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings also fell in April, declining to 0.09 percent from 0.16 percent in March. The delinquency rate in April of last year was 0.25 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 increased at an annualized rate of 0.6 percent from March to April as their total holdings climbed slightly from $1.948 trillion to $1.949 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.8 billion in April, reflecting 76 percent of total mortgage purchases and issuances. That was down from $41.8 billion in March, a decline of 14.4 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 33 percent of the total refinance volume.

Total refinance-loan purchase and guarantee volume was $47.3 billion, down 9.0 percent from $52.0 billion in March.

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 slowed in April while delinquency rates for both single-family and multi-family homes improved according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,068 loan modifications in April, a decline of 6.8 percent from the 6,511 loan modifications completed in March. So far this year, Freddie Mac has completed a total of 26,681 loan modifications for an average of 6,670 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 decline in April, falling from 3.03 percent in March to 2.91 percent in April. Last year at this time, the delinquency rate for single-family homes was 3.51 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings also fell in April, declining to 0.09 percent from 0.16 percent in March. The delinquency rate in April of last year was 0.25 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 increased at an annualized rate of 0.6 percent from March to April as their total holdings climbed slightly from $1.948 trillion to $1.949 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.8 billion in April, reflecting 76 percent of total mortgage purchases and issuances. That was down from $41.8 billion in March, a decline of 14.4 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 33 percent of the total refinance volume.

Total refinance-loan purchase and guarantee volume was $47.3 billion, down 9.0 percent from $52.0 billion in March.

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 slowed in April while delinquency rates for both single-family and multi-family homes improved according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,068 loan modifications in April, a decline of 6.8 percent from the 6,511 loan modifications completed in March. So far this year, Freddie Mac has completed a total of 26,681 loan modifications for an average of 6,670 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 decline in April, falling from 3.03 percent in March to 2.91 percent in April. Last year at this time, the delinquency rate for single-family homes was 3.51 percent and is at its lowest level since August of 2009.

Delinquency rates for multi-family dwellings also fell in April, declining to 0.09 percent from 0.16 percent in March. The delinquency rate in April of last year was 0.25 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 increased at an annualized rate of 0.6 percent from March to April as their total holdings climbed slightly from $1.948 trillion to $1.949 trillion.

Single-family refinance-loan purchase and guarantee volume was $35.8 billion in April, reflecting 76 percent of total mortgage purchases and issuances. That was down from $41.8 billion in March, a decline of 14.4 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 33 percent of the total refinance volume.

Total refinance-loan purchase and guarantee volume was $47.3 billion, down 9.0 percent from $52.0 billion in March.

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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