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Loan Modification

: Mortgage Lender Implode-o-Meter

Delinquent Buy-Outs Add $3.9bn to Freddie's Ever-Growing Mortgage Portfolio

By Implode-Explode Heavy Industries

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"Despite a decrease in refinance-loan purchases and guarantees ? to $18.4bn, from $23.1bn in March ? Freddie's total mortgage portfolio grew at an annualized rate of 3% in April, according to a monthly volume summary chart (download here). The GSE attributed part of this growth to delinquent loan buy-outs."

Full post as published by Mortgage Lender Implode-o-Meter on May 25, 2010 (boomark / email).

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