Freddie Mac completes first small pool sale of deeply delinquent mortgages

Bush Steps in to Curb Mortgage Crisis – HALL: Under the plan, borrowers who took out mortgages between January 1st, 2005 and July 31st, 2007 and whose interest rates will reset for the first time between January. loan through Fannie Mae.

More than half of US metros post higher foreclosure activity. – Freddie Mac completes first small pool sale of deeply delinquent mortgages Freddie mac sold 5,398 deeply delinquent non-performing loans from its mortgage investment portfolio on March 25th, making it the largest sale ever of seriously delinquent loans from its portfolio. "We have fought this battle for more years than I care to think about.

Program spells relief for underwater homeowners – Program spells relief for underwater homeowners.. by Fannie Mae or Freddie Mac. Eighty percent of these Fannie-Freddie borrowers, in turn, are current on their mortgage payments and meet the.

Real Estate News | Intempus Property Management I Best. – (Ben Lane) Fri, 12 Jun 2015 17:40:00 -0400

Freddie Mac Selling $410 Million of Delinquent Home Loans. –  · Government-backed mortgage company Freddie Mac (FMCC) is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt. Buyers are bidding on three pools of loans, with unpaid principal balances of $160 million, $141 million and $109 million respectively, according to loan broker mission capital advisors.

S&P/Case-Shiller shows new low for home prices in 1Q S&P/Case-Shiller index shows accelerated growth in the month. Journal expected a 5.6 per cent increase in the 20-city index. "Home prices extended their gains, supported by continued low mortgage.

First Horizon – cutting 1,500 jobs, closing 50 offices First Horizon National Corp. – divested its subprime mortgage loan portfolio First Horizon – discontinued national construction and commercial lending, 160 layoffs First Horizon – to sell or shut down mortgage unit First Indiana Wholesale – closed wholesale consumer lending operations

Freddie Mac Sells $1.1 Billion of Seriously Delinquent Loans – Freddie Mac Sells $1.1 Billion of Seriously delinquent loans pdf Version MCLEAN, VA–(Marketwired – Dec 8, 2015) – Freddie Mac (OTCQB: FMCC) today announced it sold via auction 5,311 deeply delinquent non-performing loans (NPLs) serviced by Wells Fargo Bank, N.A. from its mortgage investment portfolio on December 4, 2015.

GSEs’ Sales of NPLs Could Offer Outlet for US Banks. – Freddie Mac completed its inaugural sale of NPLs in 2014, followed by a sale in February 2015 and one in March that included 5,398 of deeply delinquent loans representing $985 million of unpaid principal balance (UPB). Freddie’s latest sale was completed in three pools.

CoreLogic Launches Short Sale Fraud Watchdog Technology Reckless mortgage lending practices fueled a housing boom and. 2007, 10.9 million homes have gone into foreclosure, displacing families and launching them into. 2 This rate is a crl calculation derived from the monthly corelogic housing. dodd-frank created the CFPB as an independent consumer watchdog.

Freddie Mac completes first small pool sale of deeply delinquent mortgages – Freddie Mac announced that it completed its first sale of a small pool of deeply delinquent non-performing loans as part of a new program designed to attract smaller investors. The smaller pools are.

Real Estate News | Intempus Property Management I Best. –  · (Ben Lane) Fri, 12 Jun 2015 17:40:00 -0400

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