FHFA: Fannie, Freddie have sold $30 billion in NPLs since 2014
Fannie Mae and Freddie Mac have sold 163,297 nonperforming loans, with a total unpaid balance of $30 billion, from program inception in 2014 through Dec. 31, 2022.
Browsing: Foreclosures
Mortgage Metrics Report: Share of performing mortgages rises in Q3
The share of current and performing first-lien mortgages in the third quarter of 2022 was 97.2%, up from 95.6% a year ago, according to the Mortgage Metrics Report released by the OCC today.
FHFA: Fannie, Freddie sold nearly 155,000 non-performing loans since 2014
Fannie Mae and Freddie Mac have sold 154,972 nonperforming loans as of Dec. 31, 2021, with a total unpaid balance of $28.7 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.
FHA offers 40-year mortgage modification, seeks public comment to make it permanent
The Federal Housing Administration added a 40-year mortgage modification option to assist borrowers who are behind on their mortgage payments for FHA Title II forward mortgages, and hopes to make it permanent.
FHFA announces foreclosure suspension for borrowers requesting HAF assistance
Mortgage servicers will be required to suspend foreclosure activities for up to 60 days if they are notified that a borrower has applied for mortgage assistance under the Treasury Department’s Homeowner Assistance Fund, the Federal Housing Finance Agency announced today.
CFPB Encourages Servicer Participation in Federal Homeowner Assistance Program
In a new blog post this week, the CFPB said it “strongly encourages” servers to participate in programs related to the Homeowner Assistance Fund.
OCC: Mortgage Performance Improves in Third Quarter
The share of current and performing first-lien mortgages in the third quarter of 2021 was 95.6%, up from 92.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.
FHFA: Fannie, Freddie Sold More than 130,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 130,808 nonperforming loans as of June 30, with a total unpaid balance of $24.5 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.
OCC: Mortgage Performance Improves in Second Quarter
The share of current and performing first-lien mortgages in the second quarter of 2021 was 95%, up from 91.1% a year ago, the first full quarter of the COVID-19 pandemic, according to the Mortgage Metrics Report released by the OCC today.
OCC: Mortgage Performance Declines in First Quarter
The share of current and performing first-lien mortgages in the first quarter of 2021 was 94.2%, down from 96.5% a year ago, according to the Mortgage Metrics Report released by the OCC today.