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

Fannie Mae completed 17,511 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in October, a decline of 6.3 percent over September according to its Monthly Summary for October 2011.

For the first eight months of the year, Fannie Mae has completed a total of 178,915 loan modifications, an average of 17,892 per month. Fannie Mae completed 18,706 loan modifications in September.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio remained unchanged from September at 4.00 percent. A year ago, Fannie Mae’s delinquency rate was 4.52 percent and has either improved or remained unchanged from the previous month since last October.

Delinquency rates for multi-family dwellings increased to 0.58 percent in October from 0.57 percent in September. It was the second consecutive month that the delinquency rate for multi-family dwellings has increased. The delinquency rate for multi-family dwellings in October of 2010 was 0.71 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 2.1 percent in October as their Gross Mortgage Portfolio decreased from $722.2 billion in September to $720.9 billion in October. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 2.8 percent in October to $3.180 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $798.3 billion and their Book of Business stood at $3.212 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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December 1, 2011 (Jeff Alan)

Fannie Mae completed 17,511 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in October, a decline of 6.3 percent over September according to its Monthly Summary for October 2011.

For the first eight months of the year, Fannie Mae has completed a total of 178,915 loan modifications, an average of 17,892 per month. Fannie Mae completed 18,706 loan modifications in September.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio remained unchanged from September at 4.00 percent. A year ago, Fannie Mae’s delinquency rate was 4.52 percent and has either improved or remained unchanged from the previous month since last October.

Delinquency rates for multi-family dwellings increased to 0.58 percent in October from 0.57 percent in September. It was the second consecutive month that the delinquency rate for multi-family dwellings has increased. The delinquency rate for multi-family dwellings in October of 2010 was 0.71 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 2.1 percent in October as their Gross Mortgage Portfolio decreased from $722.2 billion in September to $720.9 billion in October. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 2.8 percent in October to $3.180 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $798.3 billion and their Book of Business stood at $3.212 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.

December 1, 2011 (Jeff Alan)

Fannie Mae completed 17,511 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in October, a decline of 6.3 percent over September according to its Monthly Summary for October 2011.

For the first eight months of the year, Fannie Mae has completed a total of 178,915 loan modifications, an average of 17,892 per month. Fannie Mae completed 18,706 loan modifications in September.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio remained unchanged from September at 4.00 percent. A year ago, Fannie Mae’s delinquency rate was 4.52 percent and has either improved or remained unchanged from the previous month since last October.

Delinquency rates for multi-family dwellings increased to 0.58 percent in October from 0.57 percent in September. It was the second consecutive month that the delinquency rate for multi-family dwellings has increased. The delinquency rate for multi-family dwellings in October of 2010 was 0.71 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 2.1 percent in October as their Gross Mortgage Portfolio decreased from $722.2 billion in September to $720.9 billion in October. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 2.8 percent in October to $3.180 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $798.3 billion and their Book of Business stood at $3.212 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.