Fannie Mae & Freddie Mac submitted a request for an additional $8.4 billion from Treasury to eliminate our net worth deficit as of March 31, 2010. The aggregate liquidation preference of the senior preferred stock was $76.2 billion as of March 31, 2010 and will increase to $84.6 billion as a result of FHFA’s request on our behalf for funds to eliminate our net worth deficit as of March 31, 2010.
- Serious delinquency rate 5.47% v 3.15% year/year, v 5.38% quarter/quarter
- carrying value of foreclosed properties: $11.4B v $6.2B year/year, v $8.5B quarter/quarter
- Total home retention loan workouts: 105K v 50K quarter/quarter
Mortgage Delinquency Rate 90+ Days
Jefferson and Surrounding Counties
Jefferson up 3.9%
Spencer up 4.9%
Bullitt up 3.8%
Nelson up 4.2%
Oldham up 3.8%
In Indiana Counties across the river:
Clark up 3.8%
Washington up 5.8%
Floyd up 3.0%
Harrison up 3.6%
There has been an increase in loan workouts up 47% quarter to quarter from 50K to 105K. Banks have softened a little but not much.
If your worried about foreclosure American Eagle Realty can help you with solid answers about your rights and options before your house is foreclosed on! We are experts in the Short Sale Process and have the experience needed to work with your bank! Contact us we can help.....
American Eagle Realty
www.american-eagle-realty.com
502-969-1801
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