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Tag Archives: Delinquency

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.

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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.

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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.

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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.

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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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Freddie Mac’s Portfolio Shrinks 2.1% in May

Freddie Mac released its monthly volume summary for May 2014, tracking information on the company's mortgage-related portfolio, securities issuance, risk management, delinquencies, debt activities, and other investments. The summary found that overall, Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.1 percent in May.

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