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GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

Housing Wire

Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report 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%

VA loan 358
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

These real estate definitions will help you ensure you’re communicating with clients effectively. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Annual percentage rate (APR). Fixed-rate mortgage.