Freddie Mac’s Delinquency Rate Below Industry Benchmarks

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Freddie Mac’s Delinquency Rate Below Industry Benchmarks

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 SPEAK TO A PROFESSIONAL?

LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE

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Freddie Mac’s Delinquency Rate Below Industry Benchmarks

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

Freddie Mac’s Delinquency Rate Below Industry Benchmarks

December 7 2010 (Jeff Alan)
pastdueimage
According to the most recent MBA National Delinquency Survey, mortgage giant Freddic Mac’s serious delinquency rates were less than half the industry average in the third quarter of 2010.

This was the third consecutive quarter that serious delinquency rates dropped at Freddie Mac although they still remain at significantly elevated levels.

At the end of the third quarter of 2010, 3.8 percent of Freddie Mac loans were seriously delinquent, less than half the industry average of 8.7 percent. Seriously delinquent mortgages are loans that are 90+ days past due or in foreclosure.

Freddie Mac attributes its lower delinquency rates to the fact that it primarily operates in the conforming mortgage market and normally only buys 30 year and 15 year fixed rate mortgages.

Additionally, Freddie Mac is an established industry leader in identifying and addressing delinquencies before they become foreclosures. Since the beginning of 2009, we have helped nearly 370,000 struggling borrowers avoid foreclosure.

While delinquencies are up across the board, the delinquency rate for sub-prime mortgages is more than four times that for prime, conventional fixed-rate mortgages.

Tags: freddie mac, serious delinquency rates, mortgages, loans, mortgage market, sub-prime mortgages, conventional fixed rate mortgages, 30 year fixed, 15 year fixed

delinquentratechart

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This was the third consecutive quarter that serious delinquency rates dropped at Freddie Mac although they still remain at significantly elevated levels.

Freddie Mac attributes its lower delinquency rates to the fact that it primarily operates in the conforming mortgage market and normally only buys 30 year and 15 year fixed rate mortgages.

While delinquencies are up across the board, the delinquency rate for sub-prime mortgages is more than four times that for prime, conventional fixed-rate mortgages.

Tags: freddie mac, serious delinquency rates, mortgages, loans, mortgage market, sub-prime mortgages, conventional fixed rate mortgages, 30 year fixed, 15 year fixed

delinquentratechart

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

This was the third consecutive quarter that serious delinquency rates dropped at Freddie Mac although they still remain at significantly elevated levels.

Freddie Mac attributes its lower delinquency rates to the fact that it primarily operates in the conforming mortgage market and normally only buys 30 year and 15 year fixed rate mortgages.

While delinquencies are up across the board, the delinquency rate for sub-prime mortgages is more than four times that for prime, conventional fixed-rate mortgages.

Tags: freddie mac, serious delinquency rates, mortgages, loans, mortgage market, sub-prime mortgages, conventional fixed rate mortgages, 30 year fixed, 15 year fixed

delinquentratechart

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