​Fourth Quarter 2015 Highlights

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The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 47,769 foreclosure prevention actions in the fourth quarter of 2015, bringing the total to 3,643,449 since the start of conservatorships in September 2008. Of these actions, 3,003,167 have helped troubled homeowners stay in their homes including 1,898,826 permanent loan modifications.
• Approximately 30 percent of all permanent loan modifications in the fourth quarter helped to reduce homeowners' monthly payments by over 30 percent.
• The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only increased slightly to 48 percent of all loan modifications in the fourth quarter due to improved house prices and a declining HAMP eligible population.
• As of December 31, 2015, approximately 20 percent of loans modified in the fourth quarter of 2014 had missed two or more payments, one year after modification.
• There were 7,598 completed short sales and deeds-in-lieu during the quarter, bringing the total to 640,282 since the start of conservatorships.

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans declined 3 percent to 515,420 at the end of the fourth quarter, which is the lowest level since the first quarter of 2008.
• The Enterprises' serious delinquency rate fell below 1.5 percent at the end of the fourth quarter, compared with 5.4 percent for Federal Housing Administration (FHA) loans, 2.8 percent for Veterans Affairs
• (VA) loans and 3.4 percent for all loans (Industry average).

The Enterprises' Foreclosures:

• Foreclosure starts decreased 2 percent to 64,852 while third-party and foreclosure sales fell 7 percent to 25,096 in the fourth quarter.
• REO inventory fell 6 percent during the quarter to 72,783, as property dispositions continued to outpace property acquisitions.

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