Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its third quarter Foreclosure Prevention Report which shows that the serious delinquency rate for mortgages owned or guaranteed by Fannie Mae and Freddie Mac (the Enterprises) has reached the lowest level since June of 2008.  The Enterprises' serious delinquency rate fell to 1.16 percent at the end of the third quarter of this year.

Overall, the Enterprises completed 46,390 foreclosure prevention actions in the third quarter, bringing the total number of foreclosure prevention actions to more than 3.7 million since the start of the conservatorships in September 2008.  FHFA's report 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 number of 60+ days delinquent loans declined another 3 percent to 421,765 at the end of the third quarter, also the lowest level since 2008.
• Nearly one-third of the loan modifications during the quarter reduced borrowers' monthly payments by over 30 percent.
• Fannie Mae and Freddie Mac's REO inventory declined by 9 percent in the third quarter to 52,891 as property dispositions continued to outpace acquisitions.

Link to Report