Home/Tag:loan modifications

Single-Family Delinquencies Continue to Decline at Freddie Mac

2011-06-01T02:45:06+00:00

June 1, 2011 (Jeff Alan) Freddie Mac reports that the delinquency rate for single-family homes in its mortgage portfolio decreased to 3.57 percent based on data released in its Monthly Volume Summary for April 2011. That is down from 3.63 percent in March and down from 4.06 percent in April 2010. […]

Is Your Home Underwater? Behind on Your Payments?

2011-05-26T00:29:45+00:00

May 26, 2011 (Jeff Alan) According to a recent poll by Rasmussen, 51 percent of homeowners believe that they owe more on their mortgage than their home is worth, and if you are underwater or behind on your payments, the Treasury Department and the Department of Housing and Urban Development (HUD) have introduced a way [...]

April Scorecard Shows HAMP Slow But Steady

2011-05-11T02:37:52+00:00

May 11, 2011 (Chris Moore) After a fast start, the Home Affordable Modification Program (HAMP) has settled into the role as the tortoise in the race to the loan modification finish line. According to the Obama Administrations April Housing Scorecard, 35,432 loans were modified in March under HAMP bringing the total number of permanent loan [...]

Loan Modifications Decline in First Quarter

2011-05-04T01:11:05+00:00

May 4, 2011 (Shirley Allen) The number of proprietary loan modifications declined in the first quarter of 2011 according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. The organization reports that 209,806 homeowners received permanent, proprietary loan modifications compared to 261,445 in the fourth quarter of [...]