Second Quarter 2019 Highlights - Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 31,757 foreclosure prevention actions in the second quarter, bringing the total to 4,354,561 since the start of conservatorships in September 2008.  Of these actions, 3,659,622 have helped troubled homeowners stay in their homes, including 2,356,417 permanent loan modifications.
  
• Tweinty-seven percent of modifications in the second quarter were modifications with principal forbearance.  Modifications with extend-term only accounted for 67 percent of all loan modifications during the quarter.  
  
• There were 1,546 completed short sales and deeds-in-lieu during the quarter, bringing the total to 694,939 since the conservatorships began in September in 2008.
  

The Enterprises' Mortgage Performance:

• The percentage of 60+ days delinquent loans dropped from 1.03 percent at the end of the first quarter to 1.00 percent at the end of the second quarter of 2019.
  
• The Enterprises' serious (90 days or more) delinquency rate decreased to 0.67 percent at the end of the second quarter. This compared with 3.43 percent for Federal Housing Administration (FHA) loans, 1.81 percent for Veterans Affairs (VA) loans, and 1.95 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts decreased 12 percent to 29,480, and third-party and foreclosure sales also decreased 6 percent to 10,210 in the second quarter.