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FHFA First Quarter Foreclosure Prevention Report: Foreclosure Preventions near 3.9 Million

FOR IMMEDIATE RELEASE
6/22/2017

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 49,104 foreclosure prevention actions in the first quarter of 2017, bringing the total number of troubled homeowners helped since conservatorships to nearly 3.9 million

Of the foreclosure prevention actions, more than 3.2 million have helped troubled homeowners stay in their homes, including more than 2 million permanent loan modifications.  FHFA's report includes data on the Enterprises' home retention actions, delinquency data and real estate owned (REO) inventory.  FHFA publishes the report data in an online, interactive Borrower Assistance Map on FHFA.gov.  Other foreclosure prevention data noted in the quarterly report include:

  • The Enterprises' serious delinquency rate fell to 1.0 percent at the end of the first quarter, the lowest level since April of 2008.
  • The number of 60+ days delinquent loans declined 10 percent to 377,622 at the end of the first quarter, also the lowest level since 2008.
  • The Enterprises' REO inventory declined by 8 percent in the first quarter to 44,460.

Link to Report
Attachments:

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.8 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.
Contacts:

Media: Danielle Walton (202) 649-3724 / Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030  
Consumers: Consumer Communications or (202) 649-3811

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