According to a recently released report by the Federal Housing Finance Agency (FHFA), foreclosures from Fannie Mae and Freddie Mac since the dawn of conservatorship reached 3.8 million as of Q4 2016. Overall however, serious delinquencies are down, along with short sales and REOs. FHFA also found that that the types of loan modifications offered are being influenced by the increase in home prices over the last couple of years.
Read More »Winning Bidders in Fannie Mae Non-Performing Loan Sale
The sale of these loans is intended to reduce the number of seriously-delinquent loans owned by Fannie Mae and to help stabilize neighborhoods and to help meet the portfolio reduction targets required under the Senior Preferred Stock Purchase Agreement with the United States Treasury.
Read More »Freddie Mac Hits 10-year Low Delinquency Rate
In addition to low rates of serious delinquency, Freddie Mac reported a total mortgage portfolio increase rate of 3.7 percent in January.
Read More »Historical Performance Data Finally Released
Fannie Mae releases historical performance data that provides the market with the ability to analyze the performance of approximately 700,000 loans in Fannie Mae’s book of business that were modified due to delinquency.
Read More »Freddie Mac’s Growth Rate Hits 20-Month High
October marked the second straight month of growth for the portfolio, which has contracted for seven of 2014's first 10 months. Year-to-date, the portfolio has shrunk at an average annualized rate of 0.8 percent.
Read More »Fannie Mae’s Book of Business Ends 10 Straight Months of Decline
Fannie Mae's Book of Business ended 10 consecutive months of declining when it posted a compound annualized rate increase of 1.5 percent in September, according to Fannie Mae's September 2014 Monthly Summary.
Read More »Freddie Mac’s Portfolio Sees September Increase
Freddie Mac's mortgage portfolio grew in September, marking the second month of positive growth in the year's first nine months.
Read More »Delinquencies and Foreclosures Continue to Drop
The percentage of U.S. mortgages that are seriously delinquent fell to the lowest point since the first quarter of 2008 as the overall U.S. economy continues to pick up. The improving job market has contributed to helping more borrowers stay current on their mortgage payments and thereby avoid delinquencies and foreclosures.
Read More »GSEs Foreclosure Prevention Actions Nearly 3.2M through Q1
Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the government's conservatorship of the two companies in 2008. According to the Federal Housing Finance Agency's Foreclosure Prevention Report, 88,000 actions were performed in the first quarter of 2014 alone.
Read More »Current Mortgage Performance Rate Rises to 93%
Mortgage performance is on the rise, and foreclosures are on the decline at the nation’s largest banks, according to the first-quarter Mortgage Metrics Report from the Office of the Comptroller of the Currency (OCC). Representing 48 percent of outstanding first-lien residential mortgages, the OCC report includes data on mortgages at the nation’s seven largest servicers, based on portfolio size, and one federal savings association.
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