The new Fannie Mae and Freddie Mac loan modifications in the 2nd quarter of 2010 are beginning to work as was hoped.  Modifications were up 65% while refinances were up 30%.   What is probably more favorable is that the delinquencies in program are down substantially.   These programs are administered through HAMP, Home Affordable Modification Program.

 

Don Schaller

Broker Owner

Schaller Family Realtors

Dickson Realty Truckee

Alltruckeehomes.com