Single-Family Delinquencies Continue to Decline at Freddie Mac
Single-Family Delinquencies Continue to Decline at Freddie Mac
Single-Family Delinquencies Continue to Decline at Freddie Mac
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June 1, 2011 (Jeff Alan)

Freddie Mac reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 3.57 percent based on data released in its Monthly Volume Summary for April 2011. That is down from 3.63 percent in March and down from 4.06 percent in April 2010.

Delinquency rates for multi-family dwellings, on the other hand, continued to increase for the fourth month in a row, achieving a rate of 0.40 percent for the month of April. That’s an increase from 0.36 percent in March and 0.22 percent in April 2010.

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 3.2 percent in April as their total holdings decreased from $2.143 trillion to $2.138 trillion.

Single-family refinance loan purchase and guarantee volume was $16.6 billion in April, reflecting 70 percent of total mortgage purchases and issuances.

The total amount of loan modifications made by Freddie Mac mortgage servicers for April 2011 was 11,349, which brings the total amount of loan modifications for the first four months of the year to 46,507.

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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June 1, 2011 (Jeff Alan)

Freddie Mac reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 3.57 percent based on data released in its Monthly Volume Summary for April 2011. That is down from 3.63 percent in March and down from 4.06 percent in April 2010.

Delinquency rates for multi-family dwellings, on the other hand, continued to increase for the fourth month in a row, achieving a rate of 0.40 percent for the month of April. That’s an increase from 0.36 percent in March and 0.22 percent in April 2010.

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 3.2 percent in April as their total holdings decreased from $2.143 trillion to $2.138 trillion.

Single-family refinance loan purchase and guarantee volume was $16.6 billion in April, reflecting 70 percent of total mortgage purchases and issuances.

The total amount of loan modifications made by Freddie Mac mortgage servicers for April 2011 was 11,349, which brings the total amount of loan modifications for the first four months of the year to 46,507.

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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.
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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
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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.
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.
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June 1, 2011 (Jeff Alan)

Freddie Mac reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 3.57 percent based on data released in its Monthly Volume Summary for April 2011. That is down from 3.63 percent in March and down from 4.06 percent in April 2010.

Delinquency rates for multi-family dwellings, on the other hand, continued to increase for the fourth month in a row, achieving a rate of 0.40 percent for the month of April. That’s an increase from 0.36 percent in March and 0.22 percent in April 2010.

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 3.2 percent in April as their total holdings decreased from $2.143 trillion to $2.138 trillion.

Single-family refinance loan purchase and guarantee volume was $16.6 billion in April, reflecting 70 percent of total mortgage purchases and issuances.

The total amount of loan modifications made by Freddie Mac mortgage servicers for April 2011 was 11,349, which brings the total amount of loan modifications for the first four months of the year to 46,507.

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.