May 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 15,283 foreclosure prevention actions in May 2016, bringing the total to 3,724,545 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 9,838 permanent loan modifications in May, bringing the total to 1,951,257 since the conservatorships began in September 2008.
• The share of modifications with principal forbearance increased to 19 percent. Modifications with extend-term only accounted for 47 percent of all permanent modifications in May due to improved house prices and a declining HAMP eligible population.
• There were 2,194 short sales and deeds-in-lieu completed in May, down 4 percent compared with April.

The Enterprises' Mortgage Performance:

• The serious delinquency rate decreased from 1.31 percent at the end of April to 1.28 percent at the end of May.

The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased 3 percent from 7,595 in April to 7,849 in May.
• Foreclosure starts increased 6 percent from 17,665 in April to 18,726 in May.