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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - November 2015

Published: 2/9/2016

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 13,891 foreclosure prevention actions in November 2015, bringing the total to 3,626,692 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 8,569 permanent loan modifications in November, bringing the total to 1,888,404 since the start of conservatorships.
  • The share of modifications with principal forbearance decreased slightly to 19 percent. Modifications with extend-term only remained at 48 percent of all permanent modifications in November due to improved house prices and a declining HAMP eligible population.
  • There were 2,138 short sales and deeds-in-lieu completed in November, down 22 percent compared with October.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate remained flat at 1.50 percent at the end of November, the lowest level since the start of conservatorships in September 2008.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales decreased 13 percent from 9,105 in October to 7,940 in November.
  • Foreclosure starts increased 18 percent from 18,946 in October to 22,313 in November.
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