Tag Archives: Freddie Mac: Loan Mods Down

Mortgage workouts at Freddie Mac dropped to 14,000 in the first quarter from 35,000 a year ago and 50,000 in mid-2010. The change is attributed to a decrease in seriously delinquent loans to $72.8 billion in the first quarter from $82.1 billion a year earlier and to the transition of borrowers ineligible for HAMP to the new Standard Modification program. Freddie Mac also reported a jump in the number of modified loans that were current and performing after two years to 68 percent in the first quarter of 2010 versus […]