Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Fannie, Freddie Foreclosure Prevention Tops 2.9 Million
WASHINGTON (10/8/13)--The more than 2.9 million foreclosure prevention actions taken since 2008 have helped 2.4 million borrowers stay in their homes, with 1.4 million of those borrowers receiving permanent loan modifications, the Federal Housing Finance Agency reported on Monday.

Foreclosure prevention actions addressed in the report include repayment plans, forbearance plans, charge-offs-in-lieu and loan modifications.

These and other details are contained in the agency's Foreclosure Prevention Report for the second quarter of 2013.

According to the report:
  • Fannie Mae and Freddie Mac completed more than 247,000 foreclosure prevention actions in the first half of 2013, with 117,000 of these coming in the second quarter;
  • The number of delinquent loans dropped nationally, driven by a decline in seriously delinquent loans;
  • Sixty-plus-day delinquent borrowers declined by 7% percent during the second quarter;
  • More than 29,000 short sales and deeds-in-lieu were completed in the second quarter;
  • Foreclosure starts declined by 11% in the second quarter; and
  • Completed third-party sales and foreclosure sales declined by 10% in the second quarter.
For the full report, use the resource link.
Other Resources

FHFA Release
RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
19 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
20 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
21 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
21 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
1 Day ago