Foreclosure Prevention Report - April 2013

​This rep​​ort analyzes trends in Fannie Mae and Freddie Mac mortgage delinquencies and the level of assistance offered to homeowners who are in danger of foreclosure. The content of the report include delinquency status of the single family book, foreclosure prevention / loss mitigation actions, performance of modified loans, and foreclosure starts and foreclosure sales.

April 2013 Highlights

The Enterprises’ Foreclosure Prevention Actions:

• Nearly 41,500 foreclosure prevention actions were completed in April, bringing the total to over 2.8 million since the start of conservatorship in September 2008. More than 1.4 million of these actions have been permanent loan modifications.
• There were approximately 19,800 permanent modifications in April compared with 20,500 in March.
• One-third of permanent loan modifications in April included principal forbearance.
• ​Approximately 9,600 short sales and deeds-in-lieu were completed during the month, down from 9,800 in March.

The Enterprises’ Mortgage Performance:

• Early stage (30-59 days) and seriously delinquent loans continued to decline during the month.

The Enterprises’ Foreclosures:

• Foreclosure sales and starts were flat during the month compared with March.​