FHFA: Third Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its third quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,459 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
FHFA: Update of Enterprise Sales of Non-Performing Loans Released
The latest report on the transactions by Fannie Mae and Freddie Mac, intended to transfer credit risk and improve outcomes for borrowers, reflects a steady drop in delinquencies since the pandemic The Federal Housing Finance Agency (FHFA) today released a report on non-performing loans (NPLs) sold by by Fannie Mae and Freddie Mac (the Enterprises)…
HUD: Foreclosure Moratoriums Extended in Areas Devastated by Hurricanes Helene and Milton
Moratoriums on foreclosures will remain in effect through April 11, 2025, to provide more relief to affected borrowers with Federal Housing Administration-insured Single Family mortgages. Today, the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) announced it is extending through April 11, 2025, its foreclosure moratoriums for FHA-insured Single Family Title II forward…
FHFA: Second Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
OCC: Mortgage Performance Report for Second Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, a decrease…
CFPB: New Rule Proposed to Help Homeowners Avoid Foreclosure
Proposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve communication with homeowners The Consumer Financial Protection Bureau (CFPB) today proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage. The proposal, if finalized, would…
OCC: Mortgage Performance Report for First Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2024. The OCC Mortgage Metrics Report, First Quarter 2024 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
FHFA: Latest Non-Performing Loan Sales Report Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2023. Borrower outcomes reflect NPLs sold through June 30, 2023. The sale of NPLs…
FHFA: Enhancements Announced to Flex Modification for Borrowers Facing Financial Hardship
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex Modification policies to allow more borrowers facing longer-term hardships to achieve meaningful payment reductions. The updated Flex Modification policies will promote sustainable homeownership and the safety and soundness of the Enterprises. “The Enterprises have completed over half a million modifications through their Flex Modification offerings since…
HUD: Additional Relief Extended to Borrowers in Maui, HI
Federal Housing Administration to extend foreclosure moratorium through August 4, 2024, to help homeowners impacted by 2023 wildfires. Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced it is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through August 4, 2024. FHA is taking…