The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention actions in the quarter, bringing the total number of homeowners who have been helped during conservatorships to 5,588,000.
The report also shows that 30 percent of loan modifications completed in the fourth quarter reduced borrowers’ monthly payments by more than 20 percent. The number of refinances increased from 1.76 million
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