Volume 10 - Number 12
June 10, 2011
Downloads Available: GSE Loss Mitigation Activity 1Q11
GSE Loss Mitigation Activity Declines in 1Q
Fannie Mae and Freddie Mac’s home retention activity declined for the most part during the first quarter, according to the latest Federal Housing Finance Agency’s Foreclosure Prevention and Refinance Report.
Total home retention efforts dropped to 143,977 during the first three months of the year, down 20 percent from the fourth quarter, while loan modifications in the period also declined to 86,201, down 28 percent.
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