FHFA prevention actions surpassed 52K in Q4 2022
Housing Wire
MARCH 24, 2023
According to the report, about 37% of the loan modifications completed in Q4 reduced borrowers’ monthly payments by at or over 20%. Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter.
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