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Foreclosure Prevention Report

Foreclosure Prevention Report - February 2014

Published: 5/14/2014

​February 2014 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • Approximately 28,400 foreclosure prevention ​actions were completed in February, bringing the total to nearly 3.2 million since the start of the conservatorships in September 2008. Half of these actions have been permanent loan modifications.
  • There were more than 17,400 permanent loan modifications in February, down 7 percent compared with January.
  • Approximately 28 percent of all permanent loan modifications in February included principal forbearance.
  • More than 4,500 short sales and deeds-in-lieu were completed in February, down 19 percent compared with January.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate dropped to 2.28 percent at the end of February, from 2.33 percent in January.

The Enterprises' Foreclosures:

  • ​​Third-party and foreclosure sales declined 22 percent to nearly 14,100, while foreclosure starts dropped 33 percent to 21,900 in February.​

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