Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase

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Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase

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.

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Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase

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.

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Freddie Mac Delinquency Rate Dips in May, Loan Mods Increase

June 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s loan portfolio dipped to 3.50 percent from April to May while loan modifications increased by nearly fifty percent over the previous month according to the recently released Monthly Volume Summary.

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 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.

Freddie Mac completed a total of 5,091 loan modifications in May, an increase of 47.4 percent over the 3,454 loan modifications completed in April. Through the first five months of 2012, Freddie Mac has completed a total of 22,222 loan modifications, an average of 4,444 per month, which is less than half of their 2011 average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

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June 27, 2012 (Jeff Alan)

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 percent.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

INSIDER CAR BUYING TIPS

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.

BUYING VS LEASING

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.

DEALER OR BANK FINANCING

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 ON THE INTERNET

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.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME
IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

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

June 27, 2012 (Jeff Alan)

In May of last year, the delinquency rate for single-family homes was 3.53 percent.

Delinquency rates for multi-family dwellings in May increased for the third consecutive month, rising from 0.25 percent to 0.26 percent. The delinquency rate in May of last year was 0.38 percent.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 9.4 percent from April to May as their total holdings decreased from $2.032 trillion to $2.016 trillion.

Single-family refinance-loan purchase and guarantee volume was $22.1 billion in May, reflecting 72 percent of total mortgage purchases and issuances. That was up from $19.4 billion in April.

Total refinance-loan purchase and guarantee volume was $30.7 billion, up from $25.9 billion in April

Tags: Freddie Mac, Monthly Volume Report, single-family homes, delinquency rates, multi-family dwellings, mortgage portfolio, loan modifications

Source:
Freddie Mac

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.

INSIDER CAR BUYING TIPS

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.

BUYING VS LEASING

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.

DEALER OR BANK FINANCING

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 ON THE INTERNET

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.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

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