August 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 16,585 foreclosure prevention actions in August 2016, bringing the total to 3,773,630 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  
• There were 11,431 permanent loan modifications in August, bringing the total to 1,984,617 since the conservatorships began in September 2008.
  
• The share of modifications with principal forbearance decreased to 19 percent. Modifications with extend-term only accounted for 44 percent of all permanent modifications in August due to improved house prices and a declining HAMP eligible population.
  
• There were 2,134 short sales and deeds-in-lieu completed in August, up slightly compared with July.
  

The Enterprises' Mortgage Performance:

• The serious delinquency rate fell from 1.22 percent at the end of July to 1.16 percent at the end of August.
  

The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased slightly from 7,108 in July to 7,210 in August.
  
• Foreclosure starts decreased 2 percent from 17,517 in July to 17,115 in August.