General World News

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

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions during the first quarter of 2023, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September 2008.

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week.

Additionally, initiated forbearance plans decreased in Q1 to 34,479, from 47,068 in Q4 2022. The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com