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Loan Modifications Completed by Freddie Mac Decline in July
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You're Now Reading:
Loan Modifications Completed by Freddie Mac Decline in July
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:
Loan Modifications Completed by Freddie Mac Decline in July
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Freddie Mac’s completed loan modifications fell by nearly ten percent in July according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,354 loan modifications in July, down 9.8 percent from the 7,044 loan modifications completed in June. So far this year, Freddie Mac has completed a total of 46,244 loan modifications for an average of 6,606 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to decline in July, falling from 2.79 percent in June to 2.70 percent in July. Last year at this time, the delinquency rate for single-family homes was 3.42 percent and is at its lowest level since May of 2009.

Delinquency rates for multi-family dwellings declined in July, falling to 0.06 percent from 0.09 percent in June. The delinquency rate in July of last year was 0.29 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 1.7 percent from June to July as their total holdings fell from $1.945 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $26.7 billion in July, reflecting 69 percent of total mortgage purchases and issuances. That was down from $33.4 billion in June, a decrease of 20.1 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 32 percent of the total refinance volume, up from 30 percent the previous month.

Total refinance-loan purchase and guarantee volume was $42.3 billion, down 12.6 percent from $48.4 billion in June.

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

Source:
Freddie Mac

Reported by Jeff Alan

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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.
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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.
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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.
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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.
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Rates

Freddie Mac’s completed loan modifications fell by nearly ten percent in July according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,354 loan modifications in July, down 9.8 percent from the 7,044 loan modifications completed in June. So far this year, Freddie Mac has completed a total of 46,244 loan modifications for an average of 6,606 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to decline in July, falling from 2.79 percent in June to 2.70 percent in July. Last year at this time, the delinquency rate for single-family homes was 3.42 percent and is at its lowest level since May of 2009.

Delinquency rates for multi-family dwellings declined in July, falling to 0.06 percent from 0.09 percent in June. The delinquency rate in July of last year was 0.29 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 1.7 percent from June to July as their total holdings fell from $1.945 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $26.7 billion in July, reflecting 69 percent of total mortgage purchases and issuances. That was down from $33.4 billion in June, a decrease of 20.1 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 32 percent of the total refinance volume, up from 30 percent the previous month.

Total refinance-loan purchase and guarantee volume was $42.3 billion, down 12.6 percent from $48.4 billion in June.

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

Source:
Freddie Mac

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.

Freddie Mac’s completed loan modifications fell by nearly ten percent in July according to the agency’s recently released Monthly Volume Summary.

Freddie Mac completed a total of 6,354 loan modifications in July, down 9.8 percent from the 7,044 loan modifications completed in June. So far this year, Freddie Mac has completed a total of 46,244 loan modifications for an average of 6,606 per month. In 2012, Freddie Mac completed a total of 69,581 loan modifications for an average of 5,798 per month.

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio continued to decline in July, falling from 2.79 percent in June to 2.70 percent in July. Last year at this time, the delinquency rate for single-family homes was 3.42 percent and is at its lowest level since May of 2009.

Delinquency rates for multi-family dwellings declined in July, falling to 0.06 percent from 0.09 percent in June. The delinquency rate in July of last year was 0.29 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 1.7 percent from June to July as their total holdings fell from $1.945 trillion to $1.942 trillion.

Single-family refinance-loan purchase and guarantee volume was $26.7 billion in July, reflecting 69 percent of total mortgage purchases and issuances. That was down from $33.4 billion in June, a decrease of 20.1 percent. Mortgages that were refinanced for the purpose of homeowner relief captured about 32 percent of the total refinance volume, up from 30 percent the previous month.

Total refinance-loan purchase and guarantee volume was $42.3 billion, down 12.6 percent from $48.4 billion in June.

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

Source:
Freddie Mac

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.