FHFA | Foreclosure Prevention & Refinance Report Fourth Quarter 2011

Year-old loan delinquencies in Florida outnumber total bad loans in all states but Calif.

The Federal Housing Finance Agency released a new report today that measures foreclosure prevention and refinance efforts nationwide and by individual state.

But the 54-page report also looks at how long late loans have been delinquent, highlighting Florida for its bad loan backlog.

Of 292,000 delinquent loans in Florida backed by Fannie Mae and Freddie Mac, 166,000 have been late on payments for a year or longer. That’s more than the total number of delinquent loans for every other state except California, which has about 174,000 total delinquent loans.

The Federal Housing Finance Agency released a new report today that measures foreclosure prevention and refinance efforts nationwide and by individual state.

But the 54-page report also looks at how long late loans have been delinquent, highlighting Florida for its bad loan backlog.

Of 292,000 delinquent loans in Florida backed by Fannie Mae and Freddie Mac, 166,000 have been late on payments for a year or longer. That’s more than the total number of delinquent loans for every other state except California, which has about 174,000 total delinquent loans.

More here…

Full report below…

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4closureFraud.org

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Foreclosure Prevention & Refinance Report Fourth Quarter 2011

Comments
One Response to “FHFA | Foreclosure Prevention & Refinance Report Fourth Quarter 2011”
  1. john davis says:

    If Mr. DeMarco were to change his policy to reflect principle reductions for underwater mortgages, this would go a long way towards allowing the overall housing market to recover, thus affecting consumer spending, and a return to a stabilized marketplace. Mr. DeMarco is using his power as conservator to the GSE’s in a manner which will serve to compound the housing problem, not resolve it.

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