GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA
Housing Wire
JUNE 26, 2023
“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% Real-estate owned (REO) inventory also increased by 2% over the course of Q1 to 11,190 units.
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