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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - August 2017

Published: 11/7/2017


The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 15,298 foreclosure prevention actions in August, bringing the total to 3,960,367 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 11,234 permanent loan modifications in August, bringing the total to 2,109,381 since the conservatorships began in September 2008.
  • The share of modifications with principal forbearance increased to 34 percent while modifications with extend-term only decreased slightly to 46 percent in August.
  • There were 1,277 short sales and deeds-in-lieu of foreclosure completed in August, up 4 percent compared with July.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate fell slightly from 0.94 percent at the end of July to 0.93 percent at the end of August.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales increased from 5,117 in July to 5,612 in August.
  • Foreclosure starts increased from 12,255 in July to 17,652 in August.
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