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Fannie Mae 2013 Loan Modifications Fall Slightly
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Fannie Mae 2013 Loan Modifications Fall Slightly
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Fannie Mae 2013 Loan Modifications Fall Slightly
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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.

Fannie Mae completed a total of 13,815 loan modifications in December, up from 12,338 loan modifications in November. For all of 2013 Fannie Mae completed 160,007 loan modifications for an average of 13,334 completed modifications per month. In 2012, Fannie Mae completed a total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 2.38 percent from 2.44 percent in November. In April of 2013, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.29 percent and has either declined or remained unchanged from the previous month since December of 2010.

The last time delinquency rates for single-family homes were that low was in November of 2008 when the delinquency rate stood at 2.13 percent.

Delinquency rates for multi-family dwellings fell from 0.11 percent in November to 0.10 percent in December. The delinquency rate for multi-family dwellings in December of 2012 was 0.24 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.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.4 percent in December as their Gross Mortgage Portfolio decreased from $495.7 billion in November to $490.7 billion in December. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 0.4 percent in December to $3.165 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $633.1 billion and their Book of Business stood at $3.190 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

Reported by Jeff Alan

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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.

Fannie Mae completed a total of 13,815 loan modifications in December, up from 12,338 loan modifications in November. For all of 2013 Fannie Mae completed 160,007 loan modifications for an average of 13,334 completed modifications per month. In 2012, Fannie Mae completed a total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 2.38 percent from 2.44 percent in November. In April of 2013, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.29 percent and has either declined or remained unchanged from the previous month since December of 2010.

The last time delinquency rates for single-family homes were that low was in November of 2008 when the delinquency rate stood at 2.13 percent.

Delinquency rates for multi-family dwellings fell from 0.11 percent in November to 0.10 percent in December. The delinquency rate for multi-family dwellings in December of 2012 was 0.24 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.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.4 percent in December as their Gross Mortgage Portfolio decreased from $495.7 billion in November to $490.7 billion in December. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 0.4 percent in December to $3.165 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $633.1 billion and their Book of Business stood at $3.190 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

Reported by Jeff Alan

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WE VERIFY & TRANSMIT TO LENDERS
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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.
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LOANRATEUPDATE
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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 LoanRateUpdate. 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
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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.

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.

Fannie Mae completed a total of 13,815 loan modifications in December, up from 12,338 loan modifications in November. For all of 2013 Fannie Mae completed 160,007 loan modifications for an average of 13,334 completed modifications per month. In 2012, Fannie Mae completed a total of 163,412 loan modifications for an average of 13,618 per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 2.38 percent from 2.44 percent in November. In April of 2013, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.29 percent and has either declined or remained unchanged from the previous month since December of 2010.

The last time delinquency rates for single-family homes were that low was in November of 2008 when the delinquency rate stood at 2.13 percent.

Delinquency rates for multi-family dwellings fell from 0.11 percent in November to 0.10 percent in December. The delinquency rate for multi-family dwellings in December of 2012 was 0.24 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.

Fannie Mae’s total mortgage portfolio declined at a compounded annualized rate of 11.4 percent in December as their Gross Mortgage Portfolio decreased from $495.7 billion in November to $490.7 billion in December. Fannie Mae’s Book of Business decreased at a compounded annualized rate of 0.4 percent in December to $3.165 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $633.1 billion and their Book of Business stood at $3.190 trillion.

Tags: Fannie Mae, Monthly Summary Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Fannie Mae

Reported by Jeff Alan

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
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.