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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - April 2018

Published: 7/12/2018

April 2018 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 21,371 foreclosure prevention actions in April, bringing the total to 4,130,007 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 14,094 permanent loan modifications in April, bringing the total to 2,201,404 since the conservatorships began in September 2008.
  • Thirty percent of modifications in April were modifications with principal forbearance. Modifications with extend term only accounted for 49 percent of all loan modifications during the month.
  • There were 851 short sales and deeds-in-lieu of foreclosure completed in April, down 10 percent compared with March.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate decreased from 1.09 percent at the end of March to 1.03 percent at the end of April.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales decreased from 4,625 in March to 4,410 in April.
  • Foreclosure starts increased from 15,116 in March to 15,308 in April.
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