Loan Modifications Fall Slightly in December

The nation’s mortgage lenders completed fewer loan modifications in December than in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

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Fannie Mae 2013 Loan Modifications Fall Slightly

The total number of loan modifications completed by Fannie Mae increased from November to December but fell slightly short of 2012’s totals according to the agency’s Monthly Summary report for December 2013.

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Freddie Mac Loan Modifications Up Twenty Percent over Previous Year

Despite a sizeable drop from November to December, mortgage giant Freddie Mac still completed 19.6 percent more loan modifications in 2013 than in 2012 according to the agency’s recently released Monthly Volume Summary.

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Loan Modifications Continue to Decline

The number of homeowners in need of a loan modification continued to dwindle in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.

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