Since being placed in conservatorship, Fannie Mae and Freddie Mac have greatly ramped up their loan modification efforts, observers said.

Making before-and-after comparisons is difficult since many of the programs were started before Fannie and Freddie were taken over on Sept. 7 by the Federal Housing Finance Agency. But market watchers said the efforts have gained new momentum since the takeover, which essentially freed both government-sponsored enterprises to focus on delinquent borrowers rather than capital raising.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.