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Foreclosure Prevention Report

Foreclosure Prevention Report - August 2014

Published: 11/10/2014

The Enterprises' Foreclosure Prevention Actions:

  • Nearly 23,400 foreclosure prevention actions were completed in August, bringing the total to more than 3.3 million since the start of the conservatorships in September 2008. Half of these actions have been permanent loan modifications.
  • There were more than 14,700 permanent loan modifications in August, down 16 percent compared with July.
  • Approximately 23 percent of all permanent loan modifications in August included principal forbearance.
  • More than 4,200 short sales and deeds-in-lieu were completed in August, down 8 percent compared with July.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate fell to 1.99 percent in August, the lowest level since December 2008.

​The Enterprises' Foreclosures:

  • Third-party and foreclosure sales decreased 9 percent to approximately 12,500, while foreclosure starts declined 18 percent to nearly 21,500 in August.
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