Fannie Mae Increased Modification Activity In August

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Fannie Mae servicers modified 23,779 mortgages in August – up from 17,540 modifications recorded one month prior, according to the company's monthly volume summary.

Through the first eight months of the year, Fannie Mae completed a total of 142,698 loan modifications.

The serious delinquency rates for single-family and multifamily loans continued trending downward in August, Fannie Mae also reports. The conventional single-family serious delinquency rate dropped five basis points to 4.03%, and the multifamily serious delinquency rated fell two basis points to 0.43%.

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