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Foreclosure Prevention Report

Foreclosure Prevention Report - January 2017

Published: 4/12/2017

January 2017 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 14,558 foreclosure prevention actions in January 2017, bringing the total to 3,847,918 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 9,405 permanent loan modifications in January, bringing the total to 2,031,726 since the conservatorships began in September 2008.
  • The share of modifications with principal forbearance decreased to 19 percent during the month. Modifications with extend-term only increased to 44 percent due to continuing improvement in house prices.
  • There were 1,615 short sales and deeds-in-lieu completed in January, down 5 percent compared with December.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate remained flat at 1.12 percent at the end of January.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales increased 16 percent from 5,764 in December to 6,705 in January.
  • Foreclosure starts increased 10 percent from 15,133 in December to 16,604 in January.
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