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Freddie Mac’s Loan Modifications Fall 25 Percent in a Month
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You're Now Reading:
Freddie Mac’s Loan Modifications Fall 25 Percent in a Month
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:
Freddie Mac’s Loan Modifications Fall 25 Percent in a Month
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About Mortgages
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Mortgage Rates

October 27, 2011 (Jeff Alan)

The total number of loan modifications completed by Freddie Mac reached a new low for the year in September as completed loan modifications tumbled 25 percent from August according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,465 loan modifications in September, down from 8,639 in August, the previous low for the year. For the eight months ending September 30, 2011, Freddie Mac has completed 90,126 loan modifications, an average of 10,014 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased to 3.51 percent from 3.49 percent in August. A year ago the delinquency rate for single-family homes was 3.80 percent.

Delinquency rates for multi-family dwellings in September declined to 0.33 percent from 0.35 percent in August. The delinquency rate in September of last year was 0.31 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 1.5 percent from August to September as their total holdings decreased from $2.117 trillion to $2.114 trillion.

Single-family refinance-loan purchase and guarantee volume was $19.5 billion in August, reflecting 60 percent of total mortgage purchases and issuances. That was an increase from $16.3 billion in August.

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 MortgageLoanRateUpdate 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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
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Calculator
Mortgage
Rates

October 27, 2011 (Jeff Alan)

The total number of loan modifications completed by Freddie Mac reached a new low for the year in September as completed loan modifications tumbled 25 percent from August according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,465 loan modifications in September, down from 8,639 in August, the previous low for the year. For the eight months ending September 30, 2011, Freddie Mac has completed 90,126 loan modifications, an average of 10,014 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased to 3.51 percent from 3.49 percent in August. A year ago the delinquency rate for single-family homes was 3.80 percent.

Delinquency rates for multi-family dwellings in September declined to 0.33 percent from 0.35 percent in August. The delinquency rate in September of last year was 0.31 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 1.5 percent from August to September as their total holdings decreased from $2.117 trillion to $2.114 trillion.

Single-family refinance-loan purchase and guarantee volume was $19.5 billion in August, reflecting 60 percent of total mortgage purchases and issuances. That was an increase from $16.3 billion in August.

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 27, 2011 (Jeff Alan)

The total number of loan modifications completed by Freddie Mac reached a new low for the year in September as completed loan modifications tumbled 25 percent from August according to the recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,465 loan modifications in September, down from 8,639 in August, the previous low for the year. For the eight months ending September 30, 2011, Freddie Mac has completed 90,126 loan modifications, an average of 10,014 loan modifications per month.

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased to 3.51 percent from 3.49 percent in August. A year ago the delinquency rate for single-family homes was 3.80 percent.

Delinquency rates for multi-family dwellings in September declined to 0.33 percent from 0.35 percent in August. The delinquency rate in September of last year was 0.31 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 1.5 percent from August to September as their total holdings decreased from $2.117 trillion to $2.114 trillion.

Single-family refinance-loan purchase and guarantee volume was $19.5 billion in August, reflecting 60 percent of total mortgage purchases and issuances. That was an increase from $16.3 billion in August.

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.