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Modifications up 57% at GSEs 

Jun 23, 2009By

Government-sponsored enterprises Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] reported more than 37,000 mortgage modifications in the first quarter of 2009, 57% more than the volume of modifications seen in the previous quarter. The modification data, supplied by the enterprises’ conservator, the Federal Housing Finance Agency (FHFA), include modifications conducted through the streamlined modification program, but not the Making Home Affordable Program, as it was still in development at the end of Q109.

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