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News Release

FHFA Second Quarter Foreclosure Prevention Report Shows Continuing Progress on Foreclosure Preventions

FOR IMMEDIATE RELEASE
9/28/2016

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter Foreclosure Prevention Report which shows that Fannie Mae and Freddie Mac completed 48,438 foreclosure prevention actions in the second quarter of 2016, bringing the total number of foreclosure prevention actions to more than 3.7 million since the start of the conservatorships in September 2008.  The report also shows that the serious delinquency rates of Fannie Mae and Freddie Mac loans declined to their lowest levels since 2008.

FHFA's report also includes data on Fannie Mae and Freddie Mac 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 serious delinquency rate of Fannie Mae and Freddie Mac loans fell to 1.2 percent at the end of the second quarter, the lowest level since the start of conservatorships in 2008.
  • The number of Fannie Mae and Freddie Mac loans 60+ days delinquent declined another 6 percent during the quarter.
  • Fannie Mae and Freddie Mac's REO inventory declined 13 percent in the second quarter to 57,937 as property dispositions continued to outpace property acquisitions.

Link to Report

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

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