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FRE Fresenius SE & Co KGaA

31.31
-0.40 (-1.26%)
02 Aug 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Fresenius SE & Co KGaA TG:FRE Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -1.26% 31.31 31.19 31.43 31.73 31.02 31.71 76,566 22:50:02

FHFA: April Loan Modifications Fell, Delinquencies Rose

15/07/2009 4:43pm

Dow Jones News


Fresenius SE & Co KGaA (TG:FRE)
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As the Obama Administration prepared to launch its highly anticipated mortgage modification plan in April, the number of loans reworked by Fannie Mae and Freddie Mac fell while delinquencies and short sales rose, the agencies' regulator reported Wednesday.

The Federal Housing Finance Agency said completed loan modifications at the pair - which hold about 30 million residential mortgages - dropped 12% as the government began to focus its efforts on the Obama Administration effort.

The FHFA also said completed short sales and deeds in lieu leapt 15% to a level that is more than triple its volume a year earlier.

Still, delinquencies continued climbing with an additional 71,700, approximately 7%, becoming at least 60 days late in April.

Foreclosure starts, meanwhile, fell 3% from the previous month as servicers waited to determine which borrowers would be eligible for the administration's incentive-based anti-foreclosure plan.

-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com

 
 

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