The number of completed loan modification by mortgage giant Freddie Mac fell again in January according to the agency’s recently released Monthly Volume Summary.
The total number of loan modifications completed by Fannie Mae increased from November to December but fell slightly short of 2012’s totals according to the agency’s Monthly Summary report for December 2013.
Despite a sizeable drop from November to December, mortgage giant Freddie Mac still completed 19.6 percent more loan modifications in 2013 than in 2012 according to the agency’s recently released Monthly Volume Summary.
New single-family home sales fell for the second consecutive month according to the latest housing data released by the Census Bureau.
Spending on both single-family and multi-family home construction increased in November according to the U.S. Census Bureau.