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Tag Archives: Foreclosure Prevention

FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4

The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...

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FHFA Data Shows Decrease in Short Sales, Deeds-in-Lieu

The Federal Housing Finance Agency released its Q3 2017 Foreclosure report, which outlined its continued efforts to decrease foreclosures among homeowners. Among the data, short sales and deeds-in-lieu experienced one of the largest decreases.

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Easing the Burden

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

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Foreclosure Activity Down Across the Board

According to a new report, serious delinquencies, short sales, deeds-in-lieu, third-party sales, and foreclosure sales were all down for the month. Earlier-stage delinquencies were up in February, however, with loans 30 to 59 days delinquent rising from 377,000 to 404,000 for the month. Of February loan modifications, 19 percent had principal forbearance, while extend-term modifications accounted for 44 percent—something the report attributes to ever-climbing housing prices.

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Ocwen Prevents 75,000 Homeowners From Foreclosure

The servicer helped homeowners through the U.S. Department of the Treasury Home Affordable Modification Program (HAMP) and proprietary modifications for homeowners who were ineligible for HAMP modification.

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