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Foreclosure Prevention Report

Foreclosure Prevention Report - July 2014

Published: 10/15/2014

The Enterprises' Foreclosure Prevention Actions:

  • Approximately 27,200 foreclosure prevention actions were completed in July, bringing the total to 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 17,500 permanent loan modifications in July, up 18 percent compared with June.
  • Approximately 22 percent of all permanent loan modifications in July included principal forbearance.
  • More than 4,600 short sales and deeds-in-lieu were completed in July, down 2 percent compared with June.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate fell to 2.01 percent at the end of July, from 2.06 percent in June.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales increased slightly to approximately 13,800, while foreclosure starts decreased 9 percent to 26,100 in July.

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