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.
Read More »How Economic Indicators Are Impacting Delinquency Rates, Foreclosures
Delinquency rates hit an all-time low during the second quarter of 2022 finally settling at a seasonally adjusted rate of 3.64% of all outstanding residential loans according to the latest iteration of the National Delinquency Survey published by the Mortgage ...
Read More »Seriously Delinquent Borrowers Struggling to Recover
According to CoreLogic, the nation’s delinquency rate in the U.S. in February 2022 hit its lowest recorded point since at least January 1999, as found in its monthly Loan Performance Insights Report. In February of this year, some 3.2% of ...
Read More »National Delinquency Rate Dips to Pre-Pandemic Levels
CoreLogic has released its monthly Loan Performance Insights Report for November 2021, showing nationwide mortgage rates and the effects of delinquency. According to CoreLogic, the solutions provider examines all stages of delinquency, as shown in the full report. In November ...
Read More »Southern States Lead Delinquency Drops
According to new data, 2 million homeowners are either past due on their mortgage loans or in some stage of foreclosure. Click through to read more.
Read More »Tallying Foreclosure Prevention Actions
In its latest report, the FHFA breaks down how the Fannie and Freddie have worked to help keep struggling homeowners get current and remain in their homes.
Read More »Fannie Mae Unloads More Delinquent Loans
While HUD recently proposed changes to its distressed loan sale program allowing a "preferential bidding" option to involve more non-profits, Fannie Mae still sells its non-performing loans to the highest bidder.
Read More »Majority of Troubled Loans Sold by FHFA are Unresolved
The goal of the FHFA's non-performing loan sales is to help borrowers avoid foreclosure. But the Agency's report indicated that the majority of NPLs sold by the GSEs have not achieved any outcome at all.
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