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Freddie Mac’s Delinquency Rate Creeps Higher in December
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
Pick the service you desire below
Freddie Mac’s Delinquency Rate Creeps Higher in December
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 Creeps Higher in December

January 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the fourth consecutive month to 3.58 percent in December from 3.57 percent in November according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in December of last year when the delinquency rate for single-family homes was 3.84 percent. The delinquency rate has been on the rise since August, increasing by 2.6 percent during that time period.

Delinquency rates for multi-family dwellings in December declined to 0.22 percent from 0.28 percent in November. The delinquency rate in December of last year was 0.26 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 5,591 loan modifications in December, a decline of 18.8 percent over the 6,886 loan modifications completed in November and 38.5 percent below their 2011 monthly average.

For the entire year, Freddie Mac completed a total of 109,174 loan modifications, an average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 10.0 percent from November to December as their total holdings decreased from $2.093 trillion to $2.075 trillion.

Single-family refinance-loan purchase and guarantee volume was $23.3 billion in December, reflecting 76 percent of total mortgage purchases and issuances. That was a decline from $27.0 billion in November.

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

Source:
Freddie Mac

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.
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January 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the fourth consecutive month to 3.58 percent in December from 3.57 percent in November according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in December of last year when the delinquency rate for single-family homes was 3.84 percent. The delinquency rate has been on the rise since August, increasing by 2.6 percent during that time period.

Delinquency rates for multi-family dwellings in December declined to 0.22 percent from 0.28 percent in November. The delinquency rate in December of last year was 0.26 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 5,591 loan modifications in December, a decline of 18.8 percent over the 6,886 loan modifications completed in November and 38.5 percent below their 2011 monthly average.

For the entire year, Freddie Mac completed a total of 109,174 loan modifications, an average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 10.0 percent from November to December as their total holdings decreased from $2.093 trillion to $2.075 trillion.

Single-family refinance-loan purchase and guarantee volume was $23.3 billion in December, reflecting 76 percent of total mortgage purchases and issuances. That was a decline from $27.0 billion in November.

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

Source:
Freddie Mac

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

January 27, 2012 (Jeff Alan)

The delinquency rate for single-family homes in Freddie Mac’s portfolio increased for the fourth consecutive month to 3.58 percent in December from 3.57 percent in November according to the recently released Monthly Volume Summary.

That’s the highest level the delinquency rate has been at since last April, but is still well below what it was in December of last year when the delinquency rate for single-family homes was 3.84 percent. The delinquency rate has been on the rise since August, increasing by 2.6 percent during that time period.

Delinquency rates for multi-family dwellings in December declined to 0.22 percent from 0.28 percent in November. The delinquency rate in December of last year was 0.26 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 5,591 loan modifications in December, a decline of 18.8 percent over the 6,886 loan modifications completed in November and 38.5 percent below their 2011 monthly average.

For the entire year, Freddie Mac completed a total of 109,174 loan modifications, an average of 9,098 loan modifications per month.

Freddie Mac’s total mortgage portfolio decreased at an annualized rate of 10.0 percent from November to December as their total holdings decreased from $2.093 trillion to $2.075 trillion.

Single-family refinance-loan purchase and guarantee volume was $23.3 billion in December, reflecting 76 percent of total mortgage purchases and issuances. That was a decline from $27.0 billion in November.

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

Source:
Freddie Mac

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