· Fannie Mae reported that the Single-Family Serious Delinquency rate declined in January to 3.90%, down from 3.91% in December. This is down from 4.45% in January 2011. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that the Single-Family serious delinquency rate increased to 3.59% in January, up from 3.58% in December.
Fannie, Freddie set new short sale timelines Ocwen’s road ahead: Well, can’t get any worse Ocwen’s road ahead: Well, can’t get any worse Posted on April 28, 2015 | Leave a comment Beleaguered Ocwen Financial ( OCN ) has been on a quest since December 2014 to get rid of its massive agency mortgage servicing rights holdings.Fannie follows Freddie: Sets New Short Sale Timelines. the servicing and loss mitigation standards of Fannie Mae and Freddie Mac. "Short sales are an important tool to help prevent.
With interest rates at an all-time low is an ideal environment. 2015 that “the delinquency rates (60-plus days) for commercial and multifamily mortgages held by life insurance companies, Fannie Mae.
By: Carolyn Said, Chronicle Staff Writer Eleven days after losing his home to foreclosure, Jorge, a Napa construction worker, received an ominous letter in the mail. It said he still owed $78,000 on his home’s second loan.
Foreclosures Reach An All Time High. fredwaltz.. were at least one month past due but not in foreclosure. That is a huge increase over last year when the delinquency rate was 6.41 percent, or about one in 15.6 mortgages.. they should back Fannie and push them to allow any/all loans to be.
Fannie Mae reported today that the rate of serious delinquencies – at. in its single-family guarantee business increased to 5.52% in January, due more to the slow pace of job creation, not the high rate of layoffs. Anyone thinking housing prices have reached a bottom had better do some recalculating.
Using HAMP Borrowers Flaws hafa success: servicing panel By AUSTIN KILGORE There is a fundamental flaw to the Making Home Affordable foreclosure alternatives (hafa) program that will keep the program from reaching its full potential, panelists told the audience today in Dallas at the Source Media Mortgage Servicing Conference.
· Real Estate Roundup: All-Cash Sales Reach All-Time High. Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious:. CALIFORNIA SEES BIG MORTGAGE-DELINQUENCY DROPS. according to Fannie.
Construction’s mixed July performance misses expectations The Construct of job performance. work samples, measures of absenteeism, production counts, all capture only a part of what we consider to be total job performance. Recently, research efforts have focused on exactly what good job performance is. Two major Factors of the job performance construct. 1.
In late summer treasury secretary henry paulson jr. began an effort to reach an agreement in the Senate, where Democrats oppose a White House-favored provision that would force Fannie and Freddie..
Auction.com improves foreclosure outcomes for lenders and servicers Home – Foreclosure Defense. Wrongful Foreclosure – Bank Fraud Failure to Grant Loan Modifications 1.Wrongful Foreclosure. Homeowners who are losing their property or who have already lost their home to a bank foreclosure may be able to receive compensation, or negotiate a deficiency judgment waiver, as a result of mortgage lenders faulty Court documents.Ocwen accused of stalling short sales The downfall of the head of Georgia’s ethics commission began a week before Christmas, when staffers started filing complaints saying he was watching pornography at work and telling them to sit.
They, as well as Freddie Mac and Fannie Mae loans, are fixed-rate. The increases are a result of the economic-stimulus package recently passed by Congress. It allows loan-limit increases in more than.