In this brief from the FHFA or Federal Housing Finance Agency released today…
- Foreclosure starts increased by 12% to nearly 275,100
- Completed Foreclosures increased 15% to 112
- Decrease in Loan Mod Failures i.e. going 60 days late after loan mod granted…less than 10%
Fannie Mae & Freddie Mac Short Sale and Loan Mods have increased dramatically in their efforts to stop foreclosure activity.
Here’s a link to today’s release http://www.fhfa.gov/webfiles/16691/2q2010ForeclosurePrevention91010PRF.pdf
and a link to the quarterly report http://www.fhfa.gov/webfiles/16687/2q10fprfinal.pdf
Read on!
Kris
