Here’s how Fannie Mae and Freddie Mac prevented foreclosures, according to the latest FHFA data on the GSEs’ performance in this area.
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Technical Error Led to Foreclosures, Says Wells Fargo
In its quarterly filing, the bank admitted to how a computer error caused more than 600 customers to be denied or not being offered loan modifications despite being qualified for them, leading to foreclosures for around 400 borrowers.
Read More »FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4
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 ...
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