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The FHFA announced that the 30-59 day and serious delinquency rate saw increases.

While one posted record revenues, the other’s CEO said he was “extremely disappointed” in the Q2 2020 results, which saw its mortgage income fall drastically.

This was the third consecutive month that it has issued more than $60 billion in mortgage backed securities. However, Ginnie Mae’s outstanding balance also reported an increase.

The Director of the Federal Housing Finance Agency said Fannie Mae and Freddie Mac must be well-capitalized to support the market during a stressed environment.

More properties became newly delinquent in April than in any single month during the Great Recession

The Administrations said its proposals are designed to strengthen the servicers’ ability to “keep families experiencing financial challenges in their homes.”

Borrowers in the D.C. area who have fallen into delinquency have received good news in the form of amendments to the Reverse Mortgage Insurance and Tax Payment Program Temporary Amendment Act of 2020.

Project REACh is designed to increase access to credit and capital for underserved communities. Click through to read more.

The decline is attributed to a recovering economy and an improved labor market.

What lessons from the Great Recession’s foreclosure and home price data can be applied to more recent market trauma? This story originally appeared in the July edition of DS News.