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Fannie Mae Loan Modification Activity Remains Robust in February
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You're Now Reading:
Fannie Mae Loan Modification Activity Remains Robust in February
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Fannie Mae Loan Modification Activity Remains Robust in February
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Fannie Mae’s loan modification activity was down slightly from the previous month but remained above last year’s monthly average while the delinquency rate fell to a four-year low according to the agency’s Monthly Summary report for February 2012.

In February, Fannie Mae completed 14,205 loan modifications, down slightly from 14,923 loan modifications in January. In 2012, Fannie Mae completed at total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.13 percent from 3.18 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in March of 2009 when the delinquency rate was 3.15 percent.

A year ago, Fannie Mae’s delinquency rate was 3.82 percent and has declined or remained unchanged from the previous month since February of 2010.

Delinquency rates for multi-family dwellings increased for the second consecutive month, climbing from 0.35 percent in January to 0.41 percent in February. The delinquency rate for multi-family dwellings in February of 2012 was 0.43 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 declined at a compounded annualized rate of 27.2 percent in February as their Gross Mortgage Portfolio decreased from $620.5 billion in January to $604.3 billion in February. Fannie Mae’s Book of Business declined at a compounded annualized rate of 1.7 percent in February to $3.181 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $696.0 billion and their Book of Business stood at $3.180 trillion.

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

Source:
Fannie Mae

Reported by Jeff Alan

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Fannie Mae’s loan modification activity was down slightly from the previous month but remained above last year’s monthly average while the delinquency rate fell to a four-year low according to the agency’s Monthly Summary report for February 2012.

In February, Fannie Mae completed 14,205 loan modifications, down slightly from 14,923 loan modifications in January. In 2012, Fannie Mae completed at total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.13 percent from 3.18 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in March of 2009 when the delinquency rate was 3.15 percent.

A year ago, Fannie Mae’s delinquency rate was 3.82 percent and has declined or remained unchanged from the previous month since February of 2010.

Delinquency rates for multi-family dwellings increased for the second consecutive month, climbing from 0.35 percent in January to 0.41 percent in February. The delinquency rate for multi-family dwellings in February of 2012 was 0.43 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 declined at a compounded annualized rate of 27.2 percent in February as their Gross Mortgage Portfolio decreased from $620.5 billion in January to $604.3 billion in February. Fannie Mae’s Book of Business declined at a compounded annualized rate of 1.7 percent in February to $3.181 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $696.0 billion and their Book of Business stood at $3.180 trillion.

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

Source:
Fannie Mae

Reported by Jeff Alan

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.

Fannie Mae’s loan modification activity was down slightly from the previous month but remained above last year’s monthly average while the delinquency rate fell to a four-year low according to the agency’s Monthly Summary report for February 2012.

In February, Fannie Mae completed 14,205 loan modifications, down slightly from 14,923 loan modifications in January. In 2012, Fannie Mae completed at total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.13 percent from 3.18 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in March of 2009 when the delinquency rate was 3.15 percent.

A year ago, Fannie Mae’s delinquency rate was 3.82 percent and has declined or remained unchanged from the previous month since February of 2010.

Delinquency rates for multi-family dwellings increased for the second consecutive month, climbing from 0.35 percent in January to 0.41 percent in February. The delinquency rate for multi-family dwellings in February of 2012 was 0.43 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 declined at a compounded annualized rate of 27.2 percent in February as their Gross Mortgage Portfolio decreased from $620.5 billion in January to $604.3 billion in February. Fannie Mae’s Book of Business declined at a compounded annualized rate of 1.7 percent in February to $3.181 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $696.0 billion and their Book of Business stood at $3.180 trillion.

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

Source:
Fannie Mae

Reported by Jeff Alan

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.