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Fannie and Freddie foreclose on almost 16,000 homes in May, almost 4 million since 2008

Livinglies's Weblog

Fighting Off Foreclosures

http://www.dsnews.com/daily-dose/08-08-2017/fighting-off-foreclosures

Editor’s Note:  Fannie and Freddie have foreclosed on almost 4 million homes since the financial crisis of 2008.  The GSEs typically can’t prove they own the loan if it was securitized between 1999 and 2014.  Did you know that Fannie Mae and Freddie cannot accept a note that is not properly endorsed and assigned?  A note that is not properly endorsed or assigned is considered a ‘fail’.  See Document Custodian information here.

Avoid Foreclosure BHFannie Mae and Freddie Mac wrapped up 15,683 foreclosure prevention actions in May, according to the Federal Housing Finance Agency (FHFA) May Foreclosure Prevention Report. This brings the total number of foreclosure prevention actions to 3,914,668 since the inception of the conservatorships back in September 2008. More than half of the actions reported for May—or 10,769—were permanent loan modifications, compared with 11,328 in April. All told, since September 2008, the Enterprises have granted…

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