GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA
Housing Wire
JUNE 26, 2023
35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” The serious delinquency rate also decreased to 0.6%
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