Second Quarter 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 48,438 foreclosure prevention actions in the second quarter of 2016, bringing the total to 3,741,498 since the start of conservatorships in September 2008. Of these actions, 3,087,014 have helped troubled homeowners stay in their homes including 1,962,599 permanent loan modifications.
  
• The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 47 percent of all loan modifications in the first quarter due to improved house prices and a declining HAMP eligible population.
  
• As of June 30, 2016, approximately 20 percent of loans modified in the second quarter of 2015 had missed two or more payments, one year after modification.
  
• There were 6,837 completed short sales and deeds-in-lieu during the quarter, bringing the total to 654,484 since the conservatorships began in September in 2008.
  

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans declined another 6 percent to 434,952 at the end of the second quarter, which remains the lowest level since 2008.
  
• The Enterprises' serious delinquency rate fell to 1.2 percent at the end of the second quarter, which is the lowest level since the start of conservatorships. This compared with 4.4 percent for Federal Housing Administration (FHA) loans, 2.5 percent for Veterans Affairs (VA) loans, and 3.1 percent for all loans (Industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts decreased 9 percent to 55,100 while third-party and foreclosure sales fell 6 percent to 23,348 in the second quarter.
  

For an interactive online map that provides state data, click on the following link: Fannie Mae and Freddie Mac State Borrower Assistance Map

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