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Foreclosure Prevention Report 4th Quarter Of 2019

By
Industry Observer CDRE #01044712

On March 24, 2020, the The Federal Housing Finance Agency (FHFA) reported that Fannie Mae and Freddie Mac completed approximately 25,930 foreclosure prevention actions in the 4th quarter of 2019, and a total 4,406,966 foreclosure prevention actions that helped borrowers stay in their homes since September 2008. The nearly 40.0% of the loan modifications completed reduced borrowers' monthly payments in excess of 20.0% in the 4th quarter of 2019.

The serious delinquency rate unchanged at 0.65% at the end of the 4th quarter of 2019 from 4th quarter of 2018, compare to 3.47% for Federal Housing Administration (FHA) loans, 1.92% for Veterans Affairs (VA) loans, and 1.76% for all loans.

For complete more detailed information about FHFA, FNMA, and Freddie Mac foreclosure prevention report 4th quarter of 2019, please HERE

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John Pusa

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Show All Comments
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Where there is a will there is a way! And that way, may be better for all. Enjoy your day!

Mar 28, 2020 04:51 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi John Pusa - check the title in this post. It will be interesting to see what happens with new foreclosures. 

Take care and enjoy your weekend. 

Mar 28, 2020 07:03 AM
John Pusa
Glendale, CA

Good afternoon Wayne Martin very true, where there is a will there is a way. Enjoy your day too. Thanks for the comment.

Mar 28, 2020 10:42 AM
John Pusa
Glendale, CA

Hi Patricia Feager, MBA, CRS, GRI,MRP you are right, it will be interesting to see how the new foreclosures will impact the market. Take care and enjoy your weekend too. Thanks for the comment.

Mar 28, 2020 10:45 AM
Roy Kelley
Retired - Gaithersburg, MD

This is a timely topic. Many have lost their jobs and will be unable to meet the mortgage payment requirements.

Mar 28, 2020 11:26 AM
John Pusa
Glendale, CA

Roy Kelley glad you find the report very timely. I agree, many will not be able to make mortgage payment due to layoffs. Thanks for the comment.

Mar 28, 2020 07:54 PM
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