James B. Lockhart, Director of the Federal Housing Finance Agency today released the first monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loan modification efforts of Fannie Mae and Freddie Mac.
Fannie Mae’s HomeSaver Advance program, introduced in the first quarter of 2008, allows qualified borrowers an unsecured loan up to the amount of the delinquent payments to bring the mortgage account current. In August, 7,914 mortgages were brought current with this program.
FHFA publishes monthly and quarterly Foreclosure Prevention Reports (formerly called Mortgage Metrics Reports). The next quarterly Foreclosure Prevention Report reflecting the Enterprises’ data through September 30 will be released December 5.
The Federal Housing Finance Agency released the first monthly edition of the Foreclosure Prevention Report. According to the FHFA, the goal of this report is to provide a view of the success of the loan modification programs of the GSEs Fannie Mae and Freddie Mac.
U.S. Housing Market Conditions, published quarterly, is a compilation of statistical data and written reports. Tabular data indicate market conditions on the national level and are presented for each quarter. Historical data are also presented in summary tables. Overviews of economic and housing market trends are presented for 10 geographical regions, the report for each of which includes a profile on a selected housing market. Each issue includes a summary of the overall trends in national housing and a topical piece that describes a particular, noteworthy aspect of housing activity.
– N. Mark Kramoltz © 2015