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More Than 4.4 Million Homeowners Helped Since Conservatorship


​​​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 25,930 foreclosure prevention actions in the fourth quarter of 2019, bringing to 4.407 million the number of troubled homeowners who have been helped during conservatorships.   

The report also shows that nearly 40 percent of loan modifications completed in the fourth quarter reduced borrowers' monthly payments by more than 20 percent.  The Enterprises' serious delinquency rate remained unchanged from the third quarter at 0.65 percent at the end of the fourth quarter.  This compares with 3.47 percent for Federal Housing Administration (FHA) loans, 1.92 percent for Veterans Affairs (VA) loans and 1.76 percent for all loans (industry average).  The report also showed a jump in refinances from the third quarter of 540,578 to 728,842  in the fourth quarter.

FHFA's quarterly report also includes data on the Enterprises' mortgage performance, delinquency, home forfeiture actions and refinances by state.  FHFA publishes the report data in an online, interactive Borrower Assistance Map on FHFA.gov. 

Link to Report​



​The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.3 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter, @FHFA, YouTube, Facebook, and LinkedIn.

Media: Cynthia Adcock (202) 649-3753 / Raffi Williams (202) 649-3544

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