Mortgage giant Freddie Mac posted a slight increase in completed loan modifications from October to November but that was more than enough to surpass last years totals according to the agency’s recently released Monthly Volume Summary.
Fannie Mae posted a five percent decline in completed loan modifications in November according to the agency’s Monthly Summary report for November 2013 while delinquency rates continued to decline.
The number of loan modifications completed by Fannie Mae increased by over eleven percent in October according to the agency’s Monthly Summary report for October 2013 while single-family delinquency rates hit a five year low.
New single-family home sales surprised in October, jumping to the same levels seen during the spring/summer selling season according to the latest housing data released by the Census Bureau.
The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.