Foreclosure Prevention Report - October 2014

The Enterprises' Foreclosure Prevention Actions:

• Approximately 23,400 foreclosure prevention actions were completed in October, bringing the total to nearly 3.4 million since the start of the conservatorships in September 2008. Half of these actions have been permanent loan modifications.
• There were nearly 14,700 permanent loan modifications in October, up 9 percent compared with September.
• Approximately 21 percent of all permanent loan modifications in October included principal forbearance.
• More than 3,800 short sales and deeds-in-lieu were completed in October, down 5 percent compared with September.

The Enterprises' Mortgage Performance:

• The serious delinquency rate dropped to 1.92 percent in October, the lowest level since December 2008.

​The Enterprises' Foreclosures:

• Third-party and foreclosure sales increased 12 percent to approximately 14,200, while foreclosure starts increased slightly to nearly 27,300 in October.