Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
1st Quarter 2021 Foreclosure Prevention and Refinance Report
The FHFA yesterday released its first quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention actions in the first quarter of 2021, bringing the total number of homeowners who have been helped during conservatorships to 5.8 million.
The report also shows that 38 percent of loan modifications completed in the first quarter reduced borrowers' monthly payments by more than 20 percent. The number of refinances increased from 2.013 million in the fourth quarter to 2.016 million in the first quarter. The Enterprises' serious delinquency rate dropped from 2.78 percent to 2.48 percent at the end of the quarter. This compares with 11 percent for Federal Housing Administration (FHA) loans, 5.59 percent for Veterans Affairs (VA) loans and 4.7 percent for all loans (industry average).