HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S
Servicing / The Ticker

FHFA: GSEs prevented 2.5 million foreclosures

/ Print / Reprints /
| Share More
/ Text Size+

Fannie Mae and Freddie Mac prevented more than 2.5 million foreclosures over the course of the past four years, the Federal Housing Finance Agency said.

When breaking out the four-year total by foreclosure-prevention type, about 1.3 million of the loans saved by GSEs benefited from permanent loan modifications, the FHFA explained.

Those efforts ended up keeping approximately 2.1 million borrowers in their homes.

The GSEs successfully executed 134,000 foreclosure prevention actions in the most recent third quarter, up 4% from the second quarter.

When looking at just the third quarter, the GSEs finalized about 38,000 short sales and deeds-in-lieu, up 4% from 2Q.

Of those borrowers saved in the third quarter, 45% received loan mods and had their monthly payments reduced by more than 30%.

About one-third of loan mods completed in the third quarter included principal forbearances.

The REO inventory continued to fall as property dispositions continued to gain traction, outpacing property acquisitions, the FHFA concluded.

kpanchuk@housingwire.com

Recent Articles by HousingWire Staff

Comments powered by Disqus