GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA
Housing Wire
JUNE 26, 2023
The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. “The
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