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Fannie Mae Loan Modifications Hold Steady in September
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Fannie Mae Loan Modifications Hold Steady in September
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Fannie Mae Loan Modifications Hold Steady in September

November 12, 2012 (Jeff Alan)

Fannie Mae’s loan modification completions under the federal government’s Home Affordable Modification Program (HAMP) held steady during September, declining slightly from August to 15,074 modifications according to its Monthly Summary for September 2012.

In August, Fannie Mae completed 15,213 loan modifications. So far in 2012, Fannie Mae has completed 123,700 loan modifications for a monthly average of 13,744. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.41 percent from 3.44 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in April of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.00 percent and has declined or remained unchanged from the previous month since September of 2010.

Delinquency rates for multi-family dwellings increased for the first time since October 2011, climbing to 0.28 percent in September from 0.25 percent in August. The delinquency rate for multi-family dwellings in September of 2011 was 0.57 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 11.3 percent in September as their Gross Mortgage Portfolio decreased from $660.8 billion in August to $654.3 billion in September. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.4 percent in September to $3.193 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $722.2 billion and their Book of Business stood at $3.187 trillion.

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

Source:
Fannie Mae

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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November 12, 2012 (Jeff Alan)

Fannie Mae’s loan modification completions under the federal government’s Home Affordable Modification Program (HAMP) held steady during September, declining slightly from August to 15,074 modifications according to its Monthly Summary for September 2012.

In August, Fannie Mae completed 15,213 loan modifications. So far in 2012, Fannie Mae has completed 123,700 loan modifications for a monthly average of 13,744. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.41 percent from 3.44 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in April of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.00 percent and has declined or remained unchanged from the previous month since September of 2010.

Delinquency rates for multi-family dwellings increased for the first time since October 2011, climbing to 0.28 percent in September from 0.25 percent in August. The delinquency rate for multi-family dwellings in September of 2011 was 0.57 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 11.3 percent in September as their Gross Mortgage Portfolio decreased from $660.8 billion in August to $654.3 billion in September. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.4 percent in September to $3.193 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $722.2 billion and their Book of Business stood at $3.187 trillion.

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

Source:
Fannie Mae

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

November 12, 2012 (Jeff Alan)

Fannie Mae’s loan modification completions under the federal government’s Home Affordable Modification Program (HAMP) held steady during September, declining slightly from August to 15,074 modifications according to its Monthly Summary for September 2012.

In August, Fannie Mae completed 15,213 loan modifications. So far in 2012, Fannie Mae has completed 123,700 loan modifications for a monthly average of 13,744. For the entire year of 2011, Fannie Mae averaged 16,070 completed loan modifications per month.

The monthly delinquency rate for single-family homes in Fannie Mae’s mortgage portfolio declined to 3.41 percent from 3.44 percent the previous month. The last time Fannie Mae’s delinquency rate was that low was in April of 2009.

A year ago, Fannie Mae’s delinquency rate was 4.00 percent and has declined or remained unchanged from the previous month since September of 2010.

Delinquency rates for multi-family dwellings increased for the first time since October 2011, climbing to 0.28 percent in September from 0.25 percent in August. The delinquency rate for multi-family dwellings in September of 2011 was 0.57 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 11.3 percent in September as their Gross Mortgage Portfolio decreased from $660.8 billion in August to $654.3 billion in September. Fannie Mae’s Book of Business increased at a compounded annualized rate of 0.4 percent in September to $3.193 trillion.

A year ago, Fannie Mae’s Gross Mortgage Portfolio stood at $722.2 billion and their Book of Business stood at $3.187 trillion.

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

Source:
Fannie Mae

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS