​Second Quarter 2018 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 70,945 foreclosure prevention actions in the second quarter, bringing the total to 4,179,581 since the start of conservatorships in September 2008.  Of these actions, 3,491,670 have helped troubled homeowners stay in their homes, including 2,238,770 permanent loan modifications.
  
• Tweinty-five percent of modifications in the second quarter were modifications with principal forbearance.  Modifications with extend-term only accounted for 49 percent of all loan modifications during the quarter.  
  
• There were 2,612 completed short sales and deeds-in-lieu during the quarter, bringing the total to  687,911 since the conservatorships began in September in 2008.
  

The Enterprises' Mortgage Performance:

• The percentage of 60+ days delinquent loans dropped from 1.4 percent at the end of the first quarter to 1.2 percent at the end of the second quarter.
  
• The Enterprises' serious (90 days or more) delinquency rate decreased to 0.91 percent at the end of the second quarter. This compared with 3.9 percent for Federal Housing Administration (FHA) loans, 2.0 percent for Veterans Affairs (VA) loans, and 2.3 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

Foreclosure starts declined 16 percent to 39,002, and third-party and foreclosure sales decreased 3 percent to 13,464 in the second quarter.
Related News Release