First Quarter 2018 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 68,378 foreclosure prevention actions in the first quarter of 2018, bringing the total to 4,108,636 since the start of conservatorships in September 2008. Of these actions, 3,423,337 have helped troubled homeowners stay in their homes including 2,187,310 permanent loan modifications.
• Forty-four percent of modifications in the first quarter were modifications with principal forbearance.  Modifications with extend-term only also accounted for 42 percent of all loan modifications during the quarter.
• There were 2,763 completed short sales and deeds-in-lieu during the quarter, bringing the total to 685,299 since the conservatorships began in September in 2008.

The Enterprises' Mortgage Performance:

• The percentage of 60+ days delinquent loans dropped from 1.6 percent to 1.4 percent at the end of the first quarter.
  
• The Enterprises' serious (90 days or more) delinquency rate decreased to 1.1 percent at the end of the first quarter. This compared with 4.2 percent for Federal Housing Administration (FHA) loans, 2.2 percent for Veterans Affairs (VA) loans, and 2.6 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts increased 3 percent to 46,365, and third-party and foreclosure sales increased 4 percent to 13,936 in the first quarter.

For an interactive online map that provides state data, click on the following link: Fannie Mae and Freddie Mac State Borrower Assistance Map 

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