Foreclosure Prevention Report - Jan. 2014

January 2014 Highlights

The Enterprises' Foreclosure Prevention Actions:

• Nearly 30,200 foreclosure prevention actions were completed in January, bringing the total to more than 3.1 million sin​ce the start of conservatorship in​ September 2008. Half of these actions have been permanent loan modifications.
• Permanent loan modifications decreased 9 percent in January while serious delinquent loans continued to decline.
• Approximately 29 percent of all permanent loan modifications in January included principal forbearance.
• Nearly 5,600 short sales and deeds-in-lieu were completed in January, down 14 percent compared with December.

The Enterprises' Mortgage Performance:

• Early stage and serious delinquent loans declined in January.

The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased 24 percent from 14,500 to more than 17,900, while foreclosure starts decreased 6 percent from 35,000 to nearly 32,900 in January.​