Washington, DC – September 10, 2010 – (RealEstateRama) — Loan modifications and refinancings by Fannie Mae and Freddie Mac were up in the second quarter as the volume of permanent modifications under the Administration’s Home Affordable Modification Program (HAMP) increased 65 percent while refinancings under the Home Affordable Refinance Program (HARP) increased by 30 percent. The data were released in FHFA’s Second Quarter 2010 Foreclosure Prevention & Refinance Report, which includes data on all of the Enterprises’ foreclosure prevention efforts.
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