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Foreclosure Prevention and Federal Property Manager’s Report

Foreclosure Prevention Report - July 2018

Published: 10/11/2018

July 2018 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • The Enterprises completed 24,030 foreclosure prevention actions in July, bringing the total to 4,203,611 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
  • There were 18,874 permanent loan modifications in July, bringing the total to 2,257,644 since the conservatorships began in September 2008.
  • Twenty-two percent of modifications in July were modifications with principal forbearance. Modifications with extend-term only accounted for 56 percent of all loan modifications during the month.
  • There were 777 short sales and deeds-in-lieu of foreclosure completed in July, down 11 percent compared with June.

The Enterprises' Mortgage Performance:

  • The serious delinquency rate dropped from 0.91 percent at the end of June to 0.84 percent at the end of July.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales decreased from 4,430 in June to 4,116 in July.
  • Foreclosure starts increased from 10,860 in June to 11,639 in July.
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