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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - April 2016

Published: 7/12/2016

​​April 2016 Highlights​

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 16,240 foreclosure prevention actions in April 2016, bringing the total to 3,709,262 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 10,784 permanent loan modifications in April, bringing the total to 1,941,419 since the conservatorships began in September 2008.
  • The share of modifications with principal forbearance decreased to 18 percent. Modifications with extend-term only also decreased to 48 percent of all permanent modifications in April due to improved house prices and a declining HAMP eligible population.
  • There were 2,280 short sales and deeds-in-lieu completed in April, down 17 percent compared with March.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate decreased from 1.35 percent at the end of March to 1.31 percent at the end of April.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales declined 7 percent from 8,176 in March to 7,595 in April.
  • Foreclosure starts decreased 18 percent from 21,506 in March to 17,665 in April.
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