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first_img Share Save The Best Markets For Residential Property Investors 2 days ago Home / Featured / DS News Webcast: Thursday 10/9/2014 Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Nearly half of the mortgages that were in foreclosure in December 2013 were still in foreclosure as of the end of August, according to the Black Knight Financial Services August Mortgage Monitor released earlier in the week. Black Knight reported that even though foreclosure inventory was down both month-over-month and year-over-year, 49 percent of mortgage loans nationwide that were in foreclosure in December of last year remained in that state as of August 31, 2014.The Black Knight data showed that only 2 percent of borrowers who were in foreclosure last December had fully paid off their mortgage loans by the end of August. Eight percent of borrowers in foreclosure in December 2013 had worked their way up to being current on their mortgages by the end of August. Four percent had sold their homes through a short sale or third party during that eight month period, and 23 percent had settled through active REO or REO liquidation.Fannie Mae announced earlier this week it will be adjusting the required interest rate for its Standard Modification Program. The rate increase from 4.375 percent to 4.5 percent will be effective for all Fannie Mae mortgage loans approved for the Standard Modification Program on or after October 14, 2014. This will be the sixth adjustment to the interest rate of the Standard Modification Program since Fannie Mae launched the program in January 2012 as a way to help borrowers who are not eligible for the Home Affordable Modification Program avoid foreclosure. in Featured, Media, Webcasts The Best Markets For Residential Property Investors 2 days ago 2014-10-08 Jordan Funderburk Sign up for DS News Daily Is Rise in Forbearance Volume Cause for Concern? 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 8, 2014 545 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe DS News Webcast: Thursday 10/9/2014  Print This Post About Author: Jordan Funderburk Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: NAR President Asks CFPB to be Cautious With Mini-Correspondent Brokers Next: Wells Fargo Settles With HUD Over Maternity Leave Discrimination Complaintslast_img read more