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Fannie Mae Loan Modifications Fall in November
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Fannie Mae Loan Modifications Fall in November
The Easy Way to Shop For a Mortgage Loan
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Fannie Mae Loan Modifications Fall in November
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Fannie Mae posted a five percent decline in completed loan modifications in November according to the agency’s Monthly Summary report for November 2013 while delinquency rates continued to decline.

Fannie Mae completed a total of 12,338 loan modifications in November, down from 13,006 loan modifications in October. So far this year Fannie Mae has completed 146,192 loan modifications for an average of 13,290 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 2.44 percent from 2.48 percent in October. In April, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.30 percent and has either declined or remained unchanged from the previous month since November of 2010.

The last time delinquency rates for single-family homes were that low was in December of 2008 when the delinquency rate stood at 2.42 percent.

Delinquency rates for multi-family dwellings fell from 0.13 percent in October to 0.11 percent in November. The delinquency rate for multi-family dwellings in November of 2012 was 0.28 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 19.8 percent in November as their Gross Mortgage Portfolio decreased from $505.8 billion in October to $495.7 billion in November. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.1 percent in November to $3.166 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $632.5 billion and their Book of Business stood at $3.204 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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Fannie Mae posted a five percent decline in completed loan modifications in November according to the agency’s Monthly Summary report for November 2013 while delinquency rates continued to decline.

Fannie Mae completed a total of 12,338 loan modifications in November, down from 13,006 loan modifications in October. So far this year Fannie Mae has completed 146,192 loan modifications for an average of 13,290 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 2.44 percent from 2.48 percent in October. In April, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.30 percent and has either declined or remained unchanged from the previous month since November of 2010.

The last time delinquency rates for single-family homes were that low was in December of 2008 when the delinquency rate stood at 2.42 percent.

Delinquency rates for multi-family dwellings fell from 0.13 percent in October to 0.11 percent in November. The delinquency rate for multi-family dwellings in November of 2012 was 0.28 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 19.8 percent in November as their Gross Mortgage Portfolio decreased from $505.8 billion in October to $495.7 billion in November. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.1 percent in November to $3.166 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $632.5 billion and their Book of Business stood at $3.204 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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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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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.
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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.
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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.
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.

Fannie Mae posted a five percent decline in completed loan modifications in November according to the agency’s Monthly Summary report for November 2013 while delinquency rates continued to decline.

Fannie Mae completed a total of 12,338 loan modifications in November, down from 13,006 loan modifications in October. So far this year Fannie Mae has completed 146,192 loan modifications for an average of 13,290 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 2.44 percent from 2.48 percent in October. In April, the delinquency rate fell below three percent for the first time since February of 2009.

A year ago, Fannie Mae’s delinquency rate was 3.30 percent and has either declined or remained unchanged from the previous month since November of 2010.

The last time delinquency rates for single-family homes were that low was in December of 2008 when the delinquency rate stood at 2.42 percent.

Delinquency rates for multi-family dwellings fell from 0.13 percent in October to 0.11 percent in November. The delinquency rate for multi-family dwellings in November of 2012 was 0.28 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 19.8 percent in November as their Gross Mortgage Portfolio decreased from $505.8 billion in October to $495.7 billion in November. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.1 percent in November to $3.166 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $632.5 billion and their Book of Business stood at $3.204 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.