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Freddie Mac Loan Modifications Jump in August
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Freddie Mac Loan Modifications Jump in August
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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Receive Multiple Offers. Save Money.
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Freddie Mac Loan Modifications Jump in August
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October 3, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac increased by over fifteen percent in August while new loan volume increased by nearly $9 billion from the previous month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,817 loan modifications in August, an increase of 15.3 percent over the 6,778 loan modifications completed in July. Through the first eight months of 2012, Freddie Mac has completed a total of 43,414 loan modifications, an average of 5,427 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.42 percent in July to 3.36 percent in August.

In August of last year, the delinquency rate for single-family homes was 3.49 percent. It was the seventh consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in August remained unchanged from July at 0.29 percent. The delinquency rate in August of last year was 0.51 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.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 5.5 percent from July to August as their total holdings decreased from $1.998 trillion to $1.989 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in August, reflecting 71 percent of total mortgage purchases and issuances. That was up from $23.1 billion in July.

Total refinance-loan purchase and guarantee volume was $41.3 billion, up from $32.5 billion in July, a gain of 27.1 percent.

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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October 3, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac increased by over fifteen percent in August while new loan volume increased by nearly $9 billion from the previous month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,817 loan modifications in August, an increase of 15.3 percent over the 6,778 loan modifications completed in July. Through the first eight months of 2012, Freddie Mac has completed a total of 43,414 loan modifications, an average of 5,427 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.42 percent in July to 3.36 percent in August.

In August of last year, the delinquency rate for single-family homes was 3.49 percent. It was the seventh consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in August remained unchanged from July at 0.29 percent. The delinquency rate in August of last year was 0.51 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.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 5.5 percent from July to August as their total holdings decreased from $1.998 trillion to $1.989 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in August, reflecting 71 percent of total mortgage purchases and issuances. That was up from $23.1 billion in July.

Total refinance-loan purchase and guarantee volume was $41.3 billion, up from $32.5 billion in July, a gain of 27.1 percent.

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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.

October 3, 2012 (Jeff Alan)

The number of loan modifications completed by Freddie Mac increased by over fifteen percent in August while new loan volume increased by nearly $9 billion from the previous month according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 7,817 loan modifications in August, an increase of 15.3 percent over the 6,778 loan modifications completed in July. Through the first eight months of 2012, Freddie Mac has completed a total of 43,414 loan modifications, an average of 5,427 per month compared to an average of 9,098 loan modifications per month in 2011.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio fell from 3.42 percent in July to 3.36 percent in August.

In August of last year, the delinquency rate for single-family homes was 3.49 percent. It was the seventh consecutive month that delinquencies have declined.

Delinquency rates for multi-family dwellings in August remained unchanged from July at 0.29 percent. The delinquency rate in August of last year was 0.51 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.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 5.5 percent from July to August as their total holdings decreased from $1.998 trillion to $1.989 trillion.

Single-family refinance-loan purchase and guarantee volume was $29.2 billion in August, reflecting 71 percent of total mortgage purchases and issuances. That was up from $23.1 billion in July.

Total refinance-loan purchase and guarantee volume was $41.3 billion, up from $32.5 billion in July, a gain of 27.1 percent.

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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.