Q3 Shows Signs of Effective Foreclosure Prevention Actions
The 60+ days delinquency rate in the third quarter was 3.58%, down from 4.08% in the second quarter.
Furthermore, the FHFA reported that 20% of modifications enacted by the GSEs in the third quarter were modifications with principal forbearance, while modifications with extend-term only accounted for 64% of all loan modifications during this three-month period. There were also 924 completed short s…
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