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Servicing

GSEs Issue Report on Non-Performing Loans

The FHFA reports that Fannie Mae and Freddie Mac sold 155,034 non-performing loans with a total unpaid principal balance of $28.7 billion from the program’s inception in 2014 through June 30, 2022.

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Ginnie Mae Forbearances Increase, Again

The MBA reports the performance of serviced loans nationwide remained relatively flat in November, despite the forbearance rate for Ginnie Mae loans increasing for the fourth straight month.

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Foreclosures Have Likely Peaked for 2022

Foreclosure activity, up 98% year-over-year in November, “declined from last month, and lenders often put a moratorium on foreclosures during the holiday season,” according to ATTOM’s EVP of Market Intelligence, Rick Sharga.

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