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Fannie Mae Completes 17k Loan Modifications in July
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Fannie Mae Completes 17k Loan Modifications in July
The Easy Way to Shop For a Mortgage Loan
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Fannie Mae Completes 17k Loan Modifications in July
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September 1, 2011 (Jeff Alan)

Fannie Mae reports that the monthly delinquency rate for single-family homes in its mortgage portfolio remained unchanged in July at 4.08 percent according to its Monthly Summary for July 2011. A year ago, Fannie Mae’s delinquency rate was 4.82 percent and with the exception of July, has improved every month since.

The total amount of loan modifications made by mortgage servicers of Fannie Mae-backed loans in July was 17,540, slightly higher than the 17,246 loan modifications completed in June. For the first seven months of the year Fannie Mae has completed a total of 118,919 loan modifications, an average of 16,988 per month.

Delinquency rates for multi-family dwellings continued to improve as the delinquency rate dropped to 0.45 percent in July 2011, down from 0.46 percent in June. The delinquency rate for multi-family dwellings in July of 2010 was 0.74 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio decreased at a compounded annualized rate of 12.9 percent in July as their Gross Mortgage Portfolio decreased from $731.8 billion in June to $728.0 billion. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 3.4 percent in July to $3.097 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $812.0 billion and their Book of Business stood at $3.099 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

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September 1, 2011 (Jeff Alan)

Fannie Mae reports that the monthly delinquency rate for single-family homes in its mortgage portfolio remained unchanged in July at 4.08 percent according to its Monthly Summary for July 2011. A year ago, Fannie Mae’s delinquency rate was 4.82 percent and with the exception of July, has improved every month since.

The total amount of loan modifications made by mortgage servicers of Fannie Mae-backed loans in July was 17,540, slightly higher than the 17,246 loan modifications completed in June. For the first seven months of the year Fannie Mae has completed a total of 118,919 loan modifications, an average of 16,988 per month.

Delinquency rates for multi-family dwellings continued to improve as the delinquency rate dropped to 0.45 percent in July 2011, down from 0.46 percent in June. The delinquency rate for multi-family dwellings in July of 2010 was 0.74 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio decreased at a compounded annualized rate of 12.9 percent in July as their Gross Mortgage Portfolio decreased from $731.8 billion in June to $728.0 billion. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 3.4 percent in July to $3.097 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $812.0 billion and their Book of Business stood at $3.099 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

September 1, 2011 (Jeff Alan)

Fannie Mae reports that the monthly delinquency rate for single-family homes in its mortgage portfolio remained unchanged in July at 4.08 percent according to its Monthly Summary for July 2011. A year ago, Fannie Mae’s delinquency rate was 4.82 percent and with the exception of July, has improved every month since.

The total amount of loan modifications made by mortgage servicers of Fannie Mae-backed loans in July was 17,540, slightly higher than the 17,246 loan modifications completed in June. For the first seven months of the year Fannie Mae has completed a total of 118,919 loan modifications, an average of 16,988 per month.

Delinquency rates for multi-family dwellings continued to improve as the delinquency rate dropped to 0.45 percent in July 2011, down from 0.46 percent in June. The delinquency rate for multi-family dwellings in July of 2010 was 0.74 percent.

Single-family delinquencies are based on the number of mortgages 90 days or more delinquent or in foreclosure as of period end while multifamily delinquencies are based on the unpaid principal balance of mortgages 60 days or more delinquent or in foreclosure as of period end.

Fannie Mae’s total mortgage portfolio decreased at a compounded annualized rate of 12.9 percent in July as their Gross Mortgage Portfolio decreased from $731.8 billion in June to $728.0 billion. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 3.4 percent in July to $3.097 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $812.0 billion and their Book of Business stood at $3.099 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.