Fourth Quarter 2017 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 67,569 foreclosure prevention actions in the fourth quarter of 2017, bringing the total to 4,040,258 since the start of conservatorships in September 2008. Of these actions, 3,357,722 have helped troubled homeowners stay in their homes including 2,150,946 permanent loan modifications.
• Forbearance plans rose significantly to 24,935 during the quarter, driven by the disaster-related forbearance offered to homeowners affected by Hurricanes Harvey, Irma and Maria.
• Forty two percent of modifications in the fourth 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 3,119 completed short sales and deeds-in-lieu during the quarter, bringing the total to 682,536 since the conservatorships began in September in 2008.

The Enterprises' Mortgage Performance:

• The percentage of 60+ days delinquent loans rose from 1.32 percent to 1.65 percent at the end of the fourth quarter primarily as a result of the impact of Hurricanes Harvey, Irma, and Maria.
  
• The Enterprises' serious (90 days or more) delinquency rate increased to 1.18 percent at the end of the fourth quarter. This compared with 4.8 percent for Federal Housing Administration (FHA) loans, 2.4 percent for Veterans Affairs (VA) loans, and 2.9 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts increased 6 percent to 45,203, and third-party and foreclosure sales decreased 14 percent to 13,448 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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