Delinquency Fannie Mae FHFA Foreclosure Freddie Mac REO 2014-06-27 Colin Robins Sign up for DS News Daily Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the government’s conservatorship of the two companies in 2008. According to the Federal Housing Finance Agency’s Foreclosure Prevention Report, 88,000 actions were performed in the first quarter of 2014 alone.The agency found that foreclosure prevention actions in Q1 allowed 2.6 million borrowers to remain in their homes, while 1.6 million borrowers received permanent loan modifications.”There were nearly 54,700 permanent loan modifications in the first quarter, bringing the total number of permanent modifications to more than 1.6 million since conservatorship,” FHFA said. “In addition, the Enterprises completed approximately 16,100 repayment plans and 2,900 forbearance plans to help delinquent borrowers during the quarter.”Properties currently utilizing the Home Affordable Modification Program (HAMP) totaled 431,000 in the first quarter of 2014.Of all permanent loan modifications in the first quarter, 42 percent reduced monthly homeowner payments by over 30 percent. “Approximately 27 percent of borrowers who received permanent loan modifications during the quarter had portions of their mortgage balance forborne,” FHFA said.The FHFA found that approximately 14,900 short sales and deeds-in-lieu were completed during the quarter, bringing the total to more than 566,800 since the start of the conservatorship.Seriously delinquent loans fell by 8 percent in Q1 2014. Fannie Mae and Freddie Mac’s seriously delinquent rate fell to 2.2 percent at the end of the quarter, compared with 6.7 percent for Federal Housing Administration (FHA) loans, 3.6 percent for Veterans Affairs (VA) loans, and 5.0 percent for all loans.The Enterprises’ 30-59 day delinquency rate fell to 1.4 percent in Q4 2013, while the 60-day plus delinquency rate continued to slide, settling at 2.6 percent in Q4 2013.Foreclosure starts declined 25 percent to nearly 84,700 in Q1 2014, while third-party sales and foreclosure sales fell slightly to 47,300. REO inventory was down as well, dropping 3 percent to roughly 146,000. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Share Save About Author: Colin Robins Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Headlines, News The Best Markets For Residential Property Investors 2 days ago GSEs Foreclosure Prevention Actions Nearly 3.2M through Q1 Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Delinquency Fannie Mae FHFA Foreclosure Freddie Mac REO Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Home / Daily Dose / GSEs Foreclosure Prevention Actions Nearly 3.2M through Q1 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 27, 2014 1,200 Views Previous: Current Mortgage Performance Rate Rises to 93% Next: Treasury Announces Extension of MHA, Efforts to Revitalize PLS Market Demand Propels Home Prices Upward 2 days ago Subscribe
Today, SweetWater 420 Fest has announced a new auction titled “4:19 Auctions” which will benefit charities chosen by the artists performing at the Atlanta festival. As noted in a press release, items being auctioned included concert tickets, signed memorabilia, photos, meet and greets with artists, and more.Many artists on the SweetWater 420 Fest’s lineup have signed on for the auction, including headliners String Cheese Incident (benefitting Conscious Alliance), Umphrey’s McGee (benefitting Atlanta Music Project), Tedeschi Trucks Band (benefitting Mr. Holland’s Opus), Joe Russo’s Almost Dead (benefitting Atlanta Community Food Bank), Greensky Bluegrass (benefitting Alliance for the Great Lakes), and others. You can see the full lineup of artists participating in the auction and their charities of choice below, which also includes Vulfpeck, SOJA, Stick Figure, Papadosio, The Motet, The Infamous Stringdusters, Anders Osborne, and many more.Fans who are interested can find out more about the auction here. Mobile bidding for the 4:19 Auctions begins on April 17th and continues throughout the SweetWater 420 Festival weekend. The auctions will be open to 420 Fest patrons and anyone with access to the mobile platform.SweetWater 420 Fest’s 4:19 AuctionsThe String Cheese Incident – Conscious AllianceUmphrey’s McGee – Atlanta Music ProjectTedeschi Trucks Band – Mr. Hollands OpusVulfpeck – TBDJoe Russo’s Almost Dead – Atlanta Community Food BankGreensky Bluegrass – Alliance for the Great LakesSOJA – Water is LifeStick Figure – Jessica’s HavenPapadosio – Dogwood AllianceThe Motet – Atlanta Music ProjectThe Infamous Stringdusters – HeadCountAnders Osborne – Send Me A FriendTauk – Gift of Music FoundationSpafford – Positive LegacySister Sparrow – Little Kids RockMarco Benevento – MusiCaresTaz – St. Lucia Boys Training CenterSouthern Ave – Hart FundThe Mantras – TBDThe Vegabonds – Addiction Prevention CoalitionFunk You – Gas South Corn Hole CharityHedonistas – Gas South Corn Hole CharityMigrant Worker – Gas South Corn Hole CharityThe Orange Constant – Gas South Corn Hole CharityBird Dog Jubilee – Gas South Corn Hole CharityView All
This Sunday Aherlow Gaels and Moyle Rovers will meet in Ardfinnan while Cahir and Eire Og Annacarty – Donohill clash in Leahy Park in Cashel.Cahir manager Tom McGlinchey is more concerned that they haven’t played a county match in over 3 months than the fact they’re going into the game as favourites.Their opponents meanwhile have played 3 championship games in the past 5 weeks.