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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - February 2019

Published: 5/14/2019

February 2019 Highlights

 

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 13,984 foreclosure prevention actions in February, bringing the total to 4,311,409 since the start of the conservatorships in September 2008.  Over half of these actions have been permanent loan modifications.
  • There were 7,650 permanent loan modifications in February, bringing the total to 2,330,217 since the conservatorships began in September 2008.
  • Twenty-nine percent of modifications in February were modifications with principal forbearance. Modifications with extend-term only accounted for 66 percent of all loan modifications during the month.
  • There were 463 short sales and deeds-in-lieu of foreclosure completed in February, down 19 percent compared with January.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate decreased slightly from 0.74 percent at the end of January to 0.73 percent at the end of February.

The Enterprises' Foreclosures:

  • Third‐party and foreclosure sales decreased from 4,070 in January to 3,277 in February.
  • Foreclosure starts decreased from 12,121 in January to 10,116 in February.
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