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Foreclosure Prevention Report

Foreclosure Prevention Report - Nov. 2013

Published: 02/19/2014

November 2013 Highlights

The Enterprises' Foreclosure Prevention Actions:

  • ​Approximately 32,500 foreclosure prevention actions were completed in November, bringing the total to nearly 3.1 million since the start of conservatorship in September 2008. Half of these actions have been permanent loan modifications.
  • Permanent loan modifications decreased 2 percent in November while serious delinquent loans continued to decline.
  • Approximately 31 percent of all permanent loan modifications in November included principal forbearance.

  • More than 6,100 short sales and deeds-in-lieu were completed in November, down 19 percent compared with October.

The Enterprises' Mortgage Performance:​

  • Early stage delinquent loans (loans that have missed one or two monthly payments) increased while serious delinquent loans continued to decline in Nove​mber.

The Enterprises' Foreclosures:

  • Foreclosure sales and foreclosure starts decreased in November.​​
Attachments:
Foreclosure Prevention Report – Nov. 2013