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Tag Archives: Loan Modifications

All But 3% of Mortgages ‘Current and Performing’

A new report required by law under the Helping Families Save Their Homes Act of 2009, a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, showed that the majority of loans are current, and foreclosures remain below levels recorded before the pandemic.

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Wells Fargo Addresses Technical Glitch

While an expanded review of its loan modification products revealed more borrowers being impacted than originally envisaged, here are some steps that the bank plans to take to remediate this error.

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Freddie Mac’s Portfolio Expands in December

The mortgage portfolio expanded by 4.5 percent—an increase of $7.14 billion—up to an estimated $1.91 trillion in December. It was the highest annualized growth rate for any one month seen in Freddie Mac's portfolio since December 2009, when it grew by 5.7 percent.

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New Acquisitions Drive Up Business at Fannie

The balance of Fannie Mae's gross mortgage portfolio dropped from $436 billion in October down to $424 billion in November, marking the 52nd time in the last 53 months Fannie Mae's portfolio declined month-over-month. With the exception of December 2012, when the portfolio grew in value at a compound annualized rate of 1 percent, the value of the portfolio has declined every month since June 2010.

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