Fannie, Freddie Loss Mitigation Activity Declines in 3Q 2013
January 24, 2014
Fannie Mae’s and Freddie Mac’s home-retention activity declined for the most part during the third quarter of 2013, according to a new analysis of Federal Housing Finance Agency data by Inside The GSEs. Total loss mitigation activity – total home-retention efforts and foreclosure activities combined – declined 8.3 percent during the third quarter to 152,101 and was down 21.3 percent from a year-ago.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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