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Fannie Mae’s Delinquency Rates Continue to Fall in May
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You're Now Reading:
Fannie Mae’s Delinquency Rates Continue to Fall in May
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
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Fannie Mae’s Delinquency Rates Continue to Fall in May
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July 1, 2011 (Jeff Alan)

Fannie Mae reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 4.19 percent based on data released in its Monthly Summary for May 2011. That is down from 4.27 percent in April 2011 and down from 5.15 percent in May 2010.

Delinquency rates for multi-family dwellings also continued to improve as the delinquency rate dropped to 0.52 percent in May 2011 compared to 0.57 percent in April 2011. The delinquency rate for multi-family dwellings in May of 2010 was 0.76 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 compound annualized rate of 13.5 percent in May as their Gross Mortgage Portfolio decreased from $746.8 billion to $738.8 billion. Fannie Mae’s Book of Business decreased at a compound annualized rate of 3.7 percent in May to $3.2 trillion.

The total amount of loan modifications made by Fannie Mae mortgage servicers for May 2011 was 16,419, which brings the total amount of loan modifications for the first five months of the year to 84,133.

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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July 1, 2011 (Jeff Alan)

Fannie Mae reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 4.19 percent based on data released in its Monthly Summary for May 2011. That is down from 4.27 percent in April 2011 and down from 5.15 percent in May 2010.

Delinquency rates for multi-family dwellings also continued to improve as the delinquency rate dropped to 0.52 percent in May 2011 compared to 0.57 percent in April 2011. The delinquency rate for multi-family dwellings in May of 2010 was 0.76 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 compound annualized rate of 13.5 percent in May as their Gross Mortgage Portfolio decreased from $746.8 billion to $738.8 billion. Fannie Mae’s Book of Business decreased at a compound annualized rate of 3.7 percent in May to $3.2 trillion.

The total amount of loan modifications made by Fannie Mae mortgage servicers for May 2011 was 16,419, which brings the total amount of loan modifications for the first five months of the year to 84,133.

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.

July 1, 2011 (Jeff Alan)

Fannie Mae reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 4.19 percent based on data released in its Monthly Summary for May 2011. That is down from 4.27 percent in April 2011 and down from 5.15 percent in May 2010.

Delinquency rates for multi-family dwellings also continued to improve as the delinquency rate dropped to 0.52 percent in May 2011 compared to 0.57 percent in April 2011. The delinquency rate for multi-family dwellings in May of 2010 was 0.76 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 compound annualized rate of 13.5 percent in May as their Gross Mortgage Portfolio decreased from $746.8 billion to $738.8 billion. Fannie Mae’s Book of Business decreased at a compound annualized rate of 3.7 percent in May to $3.2 trillion.

The total amount of loan modifications made by Fannie Mae mortgage servicers for May 2011 was 16,419, which brings the total amount of loan modifications for the first five months of the year to 84,133.

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.