FNMA & Freddie Mac Foreclosure Prevention

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On June 27, 2014, Fannie Mae and Freddie Mac reported foreclosure prevention helped nearly 88,800 borrowers keep their homes in the first quarter of 2014.

1.6 million borrowers received permanent loan modifications, including 42.0% of homeowners’ monthly payments reduced over 30.0% up-to 27.0% of borrowers’ mortgage balance forborne, nearly 14,900 short sales and deeds-in-lieu completed, Florida, New York, and New Jersey have the most number of over 365 days distressed mortgages in the first quarter of 2014.

For complete more detailed information about Fannie Mae and Freddie Mac foreclosure prevention programs in the first quarter of 2014, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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