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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - April 2017

Published: 7/12/2017

April 2017 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 16,521 foreclosure prevention actions in April, bringing the total to 3,898,985 since the start of the conservatorships in September 2008.  Over half of these actions have been permanent loan modifications.
  • There were 11,328 permanent loan modifications in April, bringing the total to 2,065,576 since the conservatorships began in September 2008.
  • The share of modifications with principal forbearance accounted for 32 percent of all permanent modifications in April. Modifications with extend-term only increased to 38 percent during the month due to continuing improvement in house prices.
  • There were 1,650 short sales and deeds-in-lieu completed in April, down 10 percent compared with March.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate fell further from 1.04 percent at the end of March to 1.01 percent at the end of April.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales decreased 16 percent from 6,581 in March to 5,523 in April.
  • Foreclosure starts increased 10 percent from 15,478 in March to 17,056 in April.
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