Volume 14 - Number 22
October 31, 2014
OCC: Freddie Re-Default Mods Perform Ahead of Fannie in 2Q14
Modified Freddie Mac mortgages performed better than Fannie Mae loans more than two years after modification as the performance gap between the two GSE closed slowly, according to the Office of the Comptroller of the Currency. The OCC’s latest Mortgage Metrics Report noted that Freddie loans had a 15.5 percent re-default rate six months after modification, while Fannie mods saw a 16.2 percent rate. At the 12-month mark, Freddie stood at 21.9 percent compared to Fannie’s 23.2 percent.
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