Fannie Mae Q2 Earnings Call Highlights
Market Beat·Loan modifications rose ahead of policy transition: FHFA
American Banker·- The Federal Housing Finance Agency reported that overall foreclosure prevention activities at Fannie Mae and Freddie Mac decreased by 8.7 % to 17,201 actions in April. - Despite the broader decline, permanent loan modifications increased by 4.7 % to 7,484, alongside a rise in total refinance volume to 96,028 loans. - Mortgage performance remained generally stable as the serious delinquency rate edged down to 0.58 %, while overall loans in forbearance rose to 37,517.