​Fourth Quarter 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 45,472 foreclosure prevention actions in the fourth quarter of 2016, bringing the total to 3,833,360 since the start of conservatorships in September 2008. Of these actions, 3,167,294 have helped troubled homeowners stay in their homes including 2,022,321 permanent loan modifications.
• The share of modifications with principal forbearance increased to 25 percent. Modifications with extend-term only accounted for 40 percent of all loan modifications in the fourth quarter due to improved house prices and expiration of the Home Affordable Modification Program (HAMP).
• As of December 31, 2016, approximately 22 percent of loans modified in the fourth quarter of 2015 had missed two or more payments, one year after modification.
• There were 5,415 completed short sales and deeds-in-lieu during the quarter, bringing the total to 666,066 since the conservatorships began in September in 2008.

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans declined slightly to 420,709 at the end of the fourth quarter, the lowest level since 2008.  
• The Enterprises' serious delinquency rate fell to 1.1 percent at the end of the fourth quarter, the lowest level since June of 2008. This compared with 4.6 percent for Federal Housing Administration (FHA) loans, 2.4 percent for Veterans Affairs (VA) loans, and 3.1 percent for all loans (industry average).

The Enterprises' Foreclosures:

• Foreclosure starts increased 2 percent to 52,393 while third-party and foreclosure sales fell 14 percent to 18,347 in the fourth 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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