​July 2015 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 19,485 foreclosure prevention actions in July 2015, bringing the total to 3,560,421 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 12,237 permanent loan modifications in July, bringing the total to 1,846,180 since the start of conservatorships.
• The share of modifications with principal forbearance decreased to 18 percent while modifications with extend-term only increased to 48 percent in July due to improved house prices and a declining HAMP eligible population.
• There were 3,122 short sales and deeds-in-lieu completed in July, a slight increase compared with June.

The Enterprises' Mortgage Performance: 

• The serious delinquency rate fell from 1.61 percent at the end of June to 1.57 percent at the end of July.

The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased slightly in July to 9,316.
• Foreclosure starts declined 13 percent from 22,303 to 19,481 in July.