​​Fourth Quarter 2014 Highlights

The Enterprises' Foreclosure Prevention Actions:

• Nearly 65,900 foreclosure prevention actions were completed during the fourth quarter, bringing the total to more than 3.4 million since the start of conservatorships in September 2008. Approximately 2.8 million of these actions have helped troubled homeowners stay in their homes including nearly 1.8 million permanent loan modifications.
  
• Approximately 33 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 fell to 20 percent while modifications with extend-term only increased to 46 percent due to improving house prices and declining HAMP eligible population.
  
• As of December 31, 2014, approximately 17 percent of loans modified in the fourth quarter of 2013 had missed two or more payments, one year after modification.
  
• There were 10,800 completed short sales and deeds-in-lieu during the quarter, bringing the total to approximately 605,000 since the start of conservatorships.

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans declined 3 percent during the quarter to the lowest level since the start of
  conservatorships.

• The serious delinquency rate fell to 1.9 percent at the end of the quarter compared with 6.0 percent for Federal Housing Administration (FHA) loans, 3.4 percent for Veterans Affairs (VA) loans and 4.5 percent for all loans (Industry average).

The Enterprises' Foreclosures:

• Third-party sales and foreclosure sales fell 7 percent to nearly 36,200 while foreclosure starts decreased slightly to approximately 74,000 in the fourth quarter.

• REO inventory declined 8 percent during the quarter to approximately 111,000, as property dispositions continued to
  outpace property acquisitions.

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