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Foreclosure Prevention Report

Foreclosure Prevention Report - October 2013

Published: 02/07/2014

October 2013 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • ​Approximately 34,600 foreclosure prevention actions were completed in October, bringing the total to more than 3 million since the start of conservatorship in September 2008. Half of these actions have been permanent loan modifications. 
  • Permanent loan modifications rose 14 percent in October while delinquent loans continued to decline.
  • Approximately 31 percent of all permanent loan modifications in October included principal forbearance.
  • There were nearly 7,600 completed short sales and deeds-in-lieu in October, up 8 percent compared with September.

The Enterprises' Mortgage Performance:

  • Early stage (30-89 days) and serious delinquent loans continued to decline in October.

The Enterprises' Foreclosures:​

  • Foreclosure sales and foreclosure starts increased in October.
Attachments:
Foreclosure Prevention Report – Oct. 2013