​​​​First Quarter 2016 Highlights

• The Enterprises completed 49,573 foreclosure prevention actions in the first quarter of 2016, bringing the total to 3,693,022 since the start of conservatorships in September 2008. Of these actions, 3,045,413 have helped troubled homeowners stay in their homes including 1,930,635 permanent loan modifications. 
• Approximately 29 percent of all permanent loan modifications in the first 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 accounted for 48 percent of all loan modifications in the first quarter due to improved house prices and a declining HAMP eligible population.
• As of March 31, 2016, approximately 20 percent of loans modified in the first quarter of 2015 had missed two or more payments, one year after modification.
• There were 7,327 completed short sales and deeds-in-lieu during the quarter, bringing the total to 647,609 since the conservatorships began in September in 2008.

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans further declined 10 percent to 461,696 at the end of the first quarter, which remains the lowest level since the first quarter of 2008.
• The Enterprises' serious delinquency rate fell to 1.3 percent at the end of the first quarter, which is the lowest level since the start of conservatorships. This compared with 4.9 percent for Federal Housing Administration (FHA) loans, 2.5 percent for Veterans Affairs (VA) loans and 3.3 percent for all loans (Industry average).

​The Enterprises' Foreclosures:

• ​​Foreclosure starts decreased 6 percent to 60,706 while third-party and foreclosure sales fell slightly to 24,954 in the first quarter.
• REO inventory fell 9 percent during the quarter to 66,277, as property dispositions continued to outpace property acquisitions.

For an interactive online map that provides state data, click on the following link:  Fannie Mae and Freddie Mac State Borrower Assistance Map​​​