Tag Archives: Foreclosure Prevention

The GSEs, Fannie Mae and Freddie Mac, completed nearly 20,000 foreclosure prevention actions in February 2018, according to the latest Foreclosure Prevention Report issued by the FHFA. The exact total of foreclosure prevention actions for February 2018 came to 19,932. ...

The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...

The Federal Housing Finance Agency released its Q3 2017 Foreclosure report, which outlined its continued efforts to decrease foreclosures among homeowners. Among the data, short sales and deeds-in-lieu experienced one of the largest decreases.

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

According to a new report, serious delinquencies, short sales, deeds-in-lieu, third-party sales, and foreclosure sales were all down for the month. Earlier-stage delinquencies were up in February, however, with loans 30 to 59 days delinquent rising from 377,000 to 404,000 for the month. Of February loan modifications, 19 percent had principal forbearance, while extend-term modifications accounted for 44 percent—something the report attributes to ever-climbing housing prices.

The servicer helped homeowners through the U.S. Department of the Treasury Home Affordable Modification Program (HAMP) and proprietary modifications for homeowners who were ineligible for HAMP modification.

The GSEs are preventing fewer foreclosures. Here's why that's not a bad thing.

The number of foreclosure prevention activities completed by Fannie Mae and Freddie Mac has continued to decrease as the number of nationwide foreclosures continues its decline since reaching peak levels in 2009 and 2010.

Fannie Mae and Freddie Mac have continued to complete foreclosure prevention actions, and are close to achieving a milestone in the number of permanent loan modifications completed since the start of the conservatorships.

Ocwen Financial is planning more outreach events to help borrowers avoid foreclosure.