November 2016 Highlights

​The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 15,576 foreclosure prevention actions in November 2016, bringing the total to 3,817,834 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 9,837 permanent loan modifications in November, bringing the total to 2,012,742 since the conservatorships began in September 2008.
• The share of modifications with principal forbearance increased to 29 percent while modifications with extend-term only decreased to 38 percent in November.
• There were 1,941 short sales and deeds-in-lieu completed in November, up 10 percent compared with October.

The Enterprises' Mortgage Performance:

• The serious delinquency rate increased slightly from 1.14 percent at the end of October to 1.15 percent at the end of November.

The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased 6 percent from 6,094 in October to 6,489 in November.
• Foreclosure starts decreased 6 percent from 19,194 in October to 18,066 in November.