WASHINGTON (9/13/10)--The number of home loan modifications and refinancings executed by Fannie Mae and Freddie Mac increased during the second quarter of 2010, the Federal Housing Finance Agency (FHFA) said in a Friday release. The FHFA said that the number of permanent modifications under the Obama Administration’s Home Affordable Modification Program (HAMP) also increased by 65%. Over half of these modifications lowered homeowners’ monthly payments by at least 30%, the FHFA said. The FHFA also noted that the overall performance of modified loans has increased over the last two quarters, with fewer than 10% of those loans falling into delinquency. The number of refinancings executed under the Administration’s Home Affordable Refinance Program (HARP) also rose by 30% during the quarter. A total of 1,013,700 “foreclosure prevention actions” have been undertaken since Fannie and Freddie were taken under government conservatorship in late 2008, the FHFA said. Freddie Mac also reported the results of its most recent weekly mortgage survey on Friday, with that survey revealing an increase in overall 30-year mortgage rates for the first time in weeks. Both 30- and 15-year mortgage rates had been at record lows for several consecutive weeks. The 15-year mortgage rates remained at 3.83%, identical to the rate reported as of Sept. 2, and still at a record low level. For the FHFA and Freddie Mac releases, use the resource links.