Fannie Mae and Freddie Mac completed 41,465 foreclosure prevention actions in the third quarter, according to data released by the Federal Housing Finance Agency (FHFA).
During the third quarter, the number of early stage delinquent loans—covering the first 30 to 59 days of delinquency—rose by 25 percent, which the FHFA attributed to the impact of Hurricanes Harvey, Irma and Maria in Texas, Florida and Puerto Rico.
The FHFA also reported that Fannie Mae and Freddie Mac’s serious delinquency rate remained flat at 0.95 percent at the end of the third quarter while their combined REO inventory declined by eight percent.
NMP seeks to honor those who serve our nation’s heroes.
Lenders and originators who work with our active duty and veteran military members understand that finding homes for our heroes is no small task. While not all lenders and originators understand how to work with our veterans and service members, for many, finding homes for s...
This is Angel Oak’s sixth private-label securities offering this year.
Fitch Ratings said this week it has assigned expected ratings to Angel Oak Mortgage Trust 2022-6 (AOMT 2022-6), Angel Oak’s sixth private-label securities offering this year.
The certificates are supported by 795 loans with a balance of $389.3 million as of the cut-off date...