National Home Mortgage Finance Corporation

Home on Money/Credit: ComstockAccording to the latest Equifax National Consumer Credit Trends Report, the total balance of home finance write-offs year to date through September is $96.3 billion, representing a decrease of more than 22 percent from same time a year ago and a six-year low. Similarly, year-over-year changes in home financing total delinquencies (30-or-more days past due or in foreclosure) include:

►First mortgage: decreased 24.5 percent (from 7.94 percent to 6.00 percent);

►Home equity installment: decreased 21.9 percent (from 6.20 percent to 4.84 percent); and

►Home equity revolving: decreased 17.6 percent (from 3.24 percent to 2.67 percent).

"Improvements in labor markets and rising home values are pushing down mortgage delinquency rates and the outlook is very positive for continued improvement. We're now back to where we were in mid-2008 in terms of severely delinquent first mortgages and current trends suggest we will be at pre-recession levels of severe delinquencies by the end of 2014, " said Equifax Chief Economist Amy Crews Cutts. "Generally speaking, transitions to deeper stages of delinquency are slowing, so, for example, fewer loans that are now 30 days late are transitioning to 60 days late. But we are also seeing acceleration in the transition rates from loans that have started the foreclosure process to being bank-owned in REO status. This acceleration primarily reflects reductions in judicial timelines in states where foreclosures have to go through court review."

Other highlights from the most recent Equifax data include:

First Mortgage:

►Year-over-year, first mortgage REO rates decreased 27.9 percent in September 2013 to 1.71 percent, the lowest level in more than five years;

►For the first time in more than five-years, the total balance of first mortgage severely delinquencies (90-days past due or in foreclosure) is less than $300 billion, a decrease of more than 29 percent from same time a year ago;

An uncertain future.(Broker Business)(Wells Fargo)(Des Moines)(Home Mortgage)(. National City Corporation): An article from: Mortgage Banking
Book (Thomson Gale)

Modification Company Leaves Homeowners Without

2009-04-23 11:59:54 by Apprsr

Thursday, April 23, 2009
Modification Company Leaves Homeowners Without Their Home
National Foreclosure Relief, Inc. (National Foreclosure), a Nevada corporation, has been ordered by The Idaho Department of Finance to cease and desist from offering and selling mortgage loan modification services to Idaho residents. The company apparently targets distressed homeowners seeking to avoid foreclosure on their homes. The company has never been licensed in Idaho to engage in the offer or sale of mortgage loan modification services, as required by Idaho law. The Federal Trade Commission sued National Foreclosure Relief, Inc

Stock holder owned to govt owned

2009-09-17 10:47:49 by JohnnyTrigger

That is "taken over".
The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to purchase and securitize mortgages in order to ensure that funds are consistently available to the institutions that lend money to home buyers.[3]
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (FHFA), announced that Fannie Mae and Freddie Mac were being placed into conservatorship of the FHFA

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.. the mortgage-finance company reported in its latest weekly survey.

Growth spurt.(Federal Housing Administration)(Federal Home Loan Mortgage Corporation )(Federal National Mortgage Association )(Editorial): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)
Aei Press Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac (Aei Studies on Financial Market Deregulation)
Book (Aei Press)
INTERNATIONAL MONETARY FUND The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems
Bailing out scam artists (aka Fannie and Freddie).(Correction, Please!)(Federal National Mortgage Association, Federal Home Loan Mortgage Corporation): An article from: The New American
Book (American Opinion Publishing, Inc.)

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