GSEs Foreclosure Prevention Actions: Q4 2020 Update - FORECLOSURE FRAUD

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GSEs Foreclosure Prevention Actions: Q4 2020 Update

Posted on31 March 2021.

GSEs Foreclosure Prevention Actions: Q4 2020 Update

According to the latest Foreclosure Prevention and Refinance Report from the Federal Housing Finance Authority (FHFA) for Q4 of 2020, Fannie Mae and Freddie Mac (GSEs) completed 362,912 foreclosure prevention actions in Q4, bringing the total to 5,588,253 since the start of conservatorship in September 2008. Of these actions, 4,886,910 have helped troubled homeowners stay in their homes, including 2,440,966 permanent loan modifications.

Initiated forbearance plans dropped to 179,644 in Q4 from 230,714 in Q3. The total number of loans in forbearance plans at the end of the quarter was 804,559, representing approximately 2.8% of the total loans serviced, and 69% of the total delinquent loans.

Continue reading below at the source article link.

https://dsnews.com/daily-dose/03-29-2021/gses-complete-360k-foreclosure-prevention-actions-in-q4

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