2 million Foreclosure-Prevention Actions By Fannie, Freddie Mac

by ritasimpson on December 14, 2011

in Latest News

Nearly 2 million foreclosure prevention actions since the start of conservatorship.  Nearly 1.7 million of these actions have allowed borrowers to retain homeownership, with more than one million being permanent loan modifications.•  Loans modified since the start of HAMP are performing substantially better compared with loans modified in earlier periods. Serious delinquency rates continued to decline. However, the percentage of loans that have missed one payment increased during the third quarter. REO inventory declined for the fourth consecutive quarter as property dispositions continued to outpace acquisitions in the third quarter.Link to third quarter 2011 Foreclosure Prevention & Refinance Report

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