The FHFA today released the Foreclosure Prevention & Refinance Report for the Third Quarter 2009. This report is intended to provide disclosure and analysis of Fannie Mae and Freddie Mac loan data. It discusses the GSE's loan portfolio size and composition, the performance of the portfolio, and...
Programs are underway on so many fronts to get foreclosures under control that it can be difficult to sort them all out. Early last week the Office of Thrift Supervision and the Office of Comptroller of the Currency issued their second quarter summary of foreclosure avoidance activity among large loan...
Federal Housing Finance Agency ( FHFA ) director James Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and Freddie Mac, would be adopting a new, streamlined approach to loan modifications . Lockhart said the loan modification program, which he is asking to be adopted as the industry...
Government-sponsored enterprises Fannie Mae and Freddie Mac are expected to announce a program to help homeowners modify loans and prevent foreclosures , according to the Wall Street Journal, who cited unnamed U.S. officials. The program, expected to be announced at 2 p.m. EST, would be an extension...