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Foreclosure Prevention Report - November 201723871<h2>November 2017 Highlights</h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 22,411 foreclosure prevention actions in November, bringing the total to 4,013,134 since the start of the conservatorships in September 2008.&#160; Over half of these actions have been permanent loan modifications.<br></li><li>There were 11,264 permanent loan modifications in November, bringing the total to 2,140,484 since the conservatorships began in September 2008.<br></li><li>Forty three percent of modifications in November were modifications with principal forbearance. Modifications with extend term only accounted for 41 percent of all loan modifications during the month.<br></li><li>There were 930 short sales and deeds-in-lieu of foreclosure completed in November, down 19 percent compared with October.<br></li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The serious delinquency rate increased from 0.95 percent at the end of October to 1.05 percent at the end of November.<br></li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Third-party and foreclosure sales decreased slightly from 4,776 in October to 4,730 in November.&#160;<br></li><li>Foreclosure starts increased from 13,601 in October to 18,605 in November.<br></li></ul>2/8/2018 4:00:56 PM273https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - October 201724234<h2 style="margin&#58;0px;font-weight&#58;900;font-family&#58;lato, sans-serif;color&#58;#404040;font-size&#58;22px;border&#58;0px;font-stretch&#58;inherit;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;">​October 2017&#160;Highlights<br></h2><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosure Prevention Actions&#58; &#160;&#160;&#160;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">The Enterprises completed 18,034&#160;foreclosure prevention actions in October, bringing the total to 3,990,723&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">There were 11,010&#160;permanent loan modifications in October, bringing the total to 2,129,220&#160;since the conservatorships began in September 2008.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Thirty nine percent&#160;of modifications in October were modifications with principal forbearance. Modifications with&#160;extend-term only accounted for 44 percent of&#160;all loan modifications during the month.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">There were 1,147 short sales and deeds-in-lieu&#160;of foreclosure completed in October, down slightly compared with September.<br></li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Mortgage Performance&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">The serious delinquency rate remained flat at 0.95&#160;percent at the end of October.</li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosures&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Third-party and foreclosure sales decreased from 4,905 in September to 4,776&#160;in October.&#160;</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Foreclosure starts increased from 12,830 in September to 13,601&#160;in October.<br></li></ul><p><br></p>1/18/2018 7:00:47 PM467https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Third Quarter 201723753<h2>Third Quarter 2017 Highlights<br></h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>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.<br></li><li>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.<br></li><li>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.<br></li><li>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.<br></li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong><br></p><ul><li>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.<br></li><li>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).<br></li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong><br></p><ul><li>Foreclosure starts fell 5 percent to 42,737, and third-party and foreclosure sales decreased 11 percent to 15,634 in the third quarter.<br></li></ul><p></p><p></p><p>For an interactive online map that provides state data, click on the following link&#58; <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map</a><br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-Third-Quarter-Foreclosure-Prevention-Report-Shows-Foreclosure-Preventions-Top-3pt9-Million.aspx">Related News Release</a><br></p>12/21/2017 4:00:31 PM433https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2018 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions23756<p>The Federal Housing Finance Agency (FHFA) today released the 2018 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS).&#160; These goals include&#58;</p><ul style="list-style-type&#58;disc;"><li><strong>Maintain, </strong>in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid, efficient, competitive and resilient national housing finance markets; </li><li><strong>Reduce</strong> taxpayer risk through increasing the role of private capital in the mortgage market; and<strong> </strong></li><li><strong>Build </strong>a new single-family infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.</li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-Releases-2018-Scorecard-for-Fannie-Mae-Freddie-Mac-and-Common-Securitization-Solutions.aspx">Related News Release</a></p>12/21/2017 6:00:25 PM830https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - August 201723159<div aria-labelledby="ctl00_PlaceHolderMain_ctl03_label" style="display&#58;inline;"><div class="custom-contentTypeContent"><p>AUGUST 2017&#160;HIGHLIGHTS</p><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The Enterprises completed 15,298 foreclosure prevention actions in August, bringing the total to 3,960,367 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 11,234&#160;permanent loan modifications in August, bringing the total to 2,109,381&#160;since the conservatorships began in September 2008.</li><li>The share of modifications with principal forbearance increased to&#160;34&#160;percent while modifications&#160;with extend-term only decreased slightly to&#160;46 percent&#160;in August.</li><li>There were 1,277&#160;short sales and deeds-in-lieu of foreclosure completed in August, up 4&#160;percent compared with July.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The serious delinquency rate fell slightly from 0.94&#160;percent at the end of July to 0.93 percent at the end of August.</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>Third-party and foreclosure sales increased&#160;from 5,117 in July to 5,612&#160;in August.</li><li>Foreclosure starts increased from 12,255&#160;in July to 17,652&#160;in August.</li></ul></div></div>11/7/2017 4:00:33 PM516https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - July 201724160<p>JULY 2017&#160;HIGHLIGHTS</p><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The Enterprises completed 13,845 foreclosure prevention actions in July, bringing the total to 3,945,069&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 10,217&#160;permanent loan modifications in July, bringing the total to 2,098,147&#160;since the conservatorships began in September 2008.</li><li>Approximately 77 percent of borrowers who received permanent modification in July were three or more months delinquent at the beginning of the trial period, down from 81 percent in June.</li><li>The share of modifications with principal forbearance increased to&#160;30&#160;percent of all&#160;permanent modifications in July.&#160;Modifications with extend-term only remained at 47 percent&#160;due to continuing improvement in house prices.</li><li>There were 1,223&#160;short sales and deeds-in-lieu completed in July, down 24&#160;percent compared with June.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The serious delinquency rate fell slightly from 0.95&#160;percent at the end of June to 0.94 percent at the end of July.</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>Third-party and foreclosure sales decreased 14 percent from 5,977 in June to 5,177&#160;in July.</li><li>Foreclosure starts declined 6&#160;percent from 13,028&#160;in June to 12,255&#160;in July.</li></ul>10/11/2017 3:00:57 PM580https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Second Quarter 201723645<h2>Second Quarter 2017 Highlights<br></h2><p> <br> </p><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>The Enterprises completed 48,760 foreclosure prevention modifications.<br></li><li>The share of modifications with principal forbearance increased to 28 percent in the second quarter. Modifications with extend-term only accounted for 43 percent of all loan modifications during the quarter due to improved house prices and expiration of the Home Affordable Modification Program (HAMP).<br></li><li>As of June 30, 2017, approximately 20 percent of loans modified in the second quarter of 2016 had missed two or more payments, one year after modification.<br></li><li>There were 4,757 completed short sales and deeds-in-lieu during the quarter, bringing the total to 675,759 since the conservatorships began in September in 2008.<br></li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The number of 60+ days delinquent loans declined 6 percent to 354,178 at the end of the second quarter, from 377,622 at the end of the first quarter.<br></li><li>The Enterprises' serious delinquency rate fell to 0.9 percent at the end of the second quarter, the lowest level since January of 2008. This compared with 3.8 percent for Federal Housing Administration (FHA) loans, 2.0 percent for Veterans Affairs (VA) loans, and 2.5 percent for all loans (industry average).<br></li></ul><p> <strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Foreclosure starts fell 11 percent to 44,989 while third-party and foreclosure sales decreased 9 percent to 17,542 in the second quarter.<br><br></li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-Second-Quarter-Foreclosure-Prevention-Report-Shows-Foreclosure-Preventions-Surpass-3-9-Million.aspx">Related News Release</a><br></p><p><span style="font-style&#58;normal;">For an interactive online map that provides state data, click on the following link&#58;&#160;</span><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx" style="font-style&#58;normal;font-size&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;"><em>Fannie Mae and Freddie Mac State&#160;Borrower Assistance Map</em></a><em style="font-weight&#58;normal;font-size&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;color&#58;#404040;">&#160;</em><br></p>9/27/2017 5:01:01 PM448https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - May 201723682<h1 style="font-style&#58;normal;">MAY 2017&#160;HIGHLIGHTS</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><p></p><ul><li>The Enterprises completed 15,683 foreclosure prevention actions in May, bringing the total to 3,914,668&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 10,769&#160;permanent loan modifications in May, bringing the total to 2,076,345&#160;since the conservatorships began in September 2008.</li><li>The share of modifications with principal forbearance accounted for 25&#160;percent of all&#160;permanent modifications in May.&#160;Modifications with extend-term only increased to 45 percent&#160;due to continuing improvement in house prices.</li><li>There were 1,489&#160;short sales and deeds-in-lieu completed in May, down 10&#160;percent compared with April.</li></ul><p></p><p></p><h2>The Enterprises' Mortgage Performance&#58;<br></h2><p></p><p></p><ul><li>The serious delinquency rate fell further&#160;from 1.01&#160;percent at the end of April to 0.98 percent at the end of May.<br></li></ul><p></p><h2 style="font-style&#58;normal;"> <span style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;color&#58;#444444;"></span></h2><h2 style="font-style&#58;normal;">The Enterprises' Foreclosures&#58;<br></h2><p></p><ul><li>Third-party and foreclosure sales increased 9&#160;percent from 5,523&#160;in April to 6,042&#160;in May.<br></li><li>Foreclosure starts decreased 13&#160;percent from 17,056&#160;in April to 14,905&#160;in May.<br></li></ul><p></p>8/8/2017 3:00:52 PM487https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2017 Dodd-Frank Act Stress Tests Results - Severely Adverse Scenario23676<p><strong>Overview</strong></p><ul><li> Fannie Mae and Freddie Mac (the “Enterprises”) are required to conduct annual stress tests pursuant to Federal Housing Finance Agency (FHFA) rule 12 CFR § 1238, which implements section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the &quot;Dodd-Frank Act&quot;). Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies that have total consolidated assets of more than $10 billion and are regulated by a primary Federal financial regulatory agency to conduct annual stress tests to determine whether the companies have the capital necessary to absorb losses as a result of adverse economic conditions. This is the fourth implementation of the Dodd-Frank Act Stress Tests (DFAST) for the Enterprises.</li><li>This report provides updated information on possible ranges of future financial results of the&#160;Enterprises under severely adverse conditions. The severely adverse conditions assumed were identical for both Enterprises.<br></li><li>The projections reported here are not expected outcomes. They are modeled projections in response to “what if” exercises based on assumptions about Enterprise operations, loan performance, macroeconomic and financial market conditions, and house prices. The projections do not define the full range of possible outcomes. Actual outcomes may be different.<br></li><li>The DFAST Severely Adverse scenario is described on page 3. The Enterprises used their respective internal models to project their financial results based on the assumptions provided by FHFA.<br></li><li>While this effort achieves a degree of comparability between the Enterprises, it does not eliminate differences in their respective internal models, accounting differences, or management actions.</li></ul><p><strong>Severely Adverse Scenario Results Summary</strong></p><strong></strong><ul><li> As of December 31, 2016 the Enterprises had drawn a combined $187.5 billion from the Department of the Treasury under the terms of the Senior Preferred Stock Purchase Agreements (PSPAs), and the combined remaining funding commitment under the PSPAs was $258.1 billion. </li><li>In the Severely Adverse scenario, incremental Treasury draws are projected to range between $34.8 billion and $99.6 billion depending on the treatment of deferred tax assets. </li><li>The remaining funding commitment under the PSPAs after the projected draws is $223.2 billion, without establishing valuation allowances on deferred tax assets. </li><li>Assuming both Enterprises establish valuation allowances on deferred tax assets, the remaining funding commitment is $158.4 billion.<br></li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-Announces-Results-of-Fannie-Mae-and-Freddie-Mac-Dodd-Frank-Act-Stress-Tests-8-2017.aspx">Related News Release</a></p>8/7/2017 6:00:26 PM1078https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - April 201723318<h3 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;text-transform&#58;none;line-height&#58;1.4;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;lato, sans-serif;font-size&#58;20px;font-style&#58;normal;font-weight&#58;900;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">April&#160;2017 Highlights</h3><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><strong style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;700 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;inherit;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">The Enterprises completed 16,521 foreclosure prevention actions in April, bringing the total to 3,898,985 since the start of the conservatorships in September 2008.&#160; Over half of these actions have been permanent loan modifications.</li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">There were 11,328 permanent loan modifications in April, bringing the total to 2,065,576 since the conservatorships began in September 2008.</li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">The share of modifications with principal forbearance accounted for 32 percent of all permanent modifications in April. Modifications with extend-term only increased to 38&#160;percent during the month due to continuing improvement in house prices.</li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">There were 1,650 short sales and deeds-in-lieu completed in April, down 10 percent compared with March.</li></ul><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><strong style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;700 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">The Enterprises' Mortgage Performance&#58;</strong></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;inherit;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">The serious delinquency rate fell further from 1.04 percent at the end of March to 1.01 percent at the end of April.</li></ul><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><strong style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;700 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">The Enterprises' Foreclosures&#58;</strong></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;inherit;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">Third-party and foreclosure sales decreased 16 percent from 6,581 in March to 5,523 in April.</li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;">Foreclosure starts increased 10 percent from 15,478 in March to 17,056 in April.</li></ul>7/12/2017 3:00:24 PM398https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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