Third Quarter 2017 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 41,465 foreclosure prevention actions in the third quarter of 2017, bringing the total to 3,972,689 since the start of conservatorships in September 2008. Of these actions, 3,293,272 have helped troubled homeowners stay in their homes, including 2,118,210 permanent loan modifications.
  
• Thirty three percent of modifications in the third quarter were modifications with principal forbearance. Modifications with extend-term only accounted for 47 percent of all loan modifications during the quarter.
  
• As of September 30, 2017, approximately 22 percent of loans modified in the third quarter of 2016 had missed two or more payments, one year after modification.
  
• There were 3,658 completed short sales and deeds-in-lieu during the quarter, bringing the total to 679,417 since the conservatorships began in September in 2008.
  

The Enterprises' Mortgage Performance:

• The number of early stage (30-59 days) delinquent loans rose 25 percent in the third quarter primarily as a result of the impact of Hurricanes Harvey, Irma and Maria.
  
• The Enterprises' serious delinquency rate remained flat at 0.95 percent at the end of the third quarter. This compared with 3.9 percent for Federal Housing Administration (FHA) loans, 2.1 percent for Veterans Affairs (VA) loans, and 2.5 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts fell 5 percent to 42,737, and third-party and foreclosure sales decreased 11 percent to 15,634 in the third 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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