Foreclosure Prevention Report - February 2014

February 2014 Highlights

The Enterprises' Foreclosure Prevention Actions:

• Approximately 28,400 foreclosure prevention actions were completed in February, bringing the total to nearly 3.2 million since the start of the conservatorships in September 2008. Half of these actions have been permanent loan modifications.
• There were more than 17,400 permanent loan modifications in February, down 7 percent compared with January.
• Approximately 28 percent of all permanent loan modifications in February included principal forbearance.
• More than 4,500 short sales and deeds-in-lieu were completed in February, down 19 percent compared with January.

The Enterprises' Mortgage Performance:

• The serious delinquency rate dropped to 2.28 percent at the end of February, from 2.33 percent in January.

The Enterprises' Foreclosures:

• ​​Third-party and foreclosure sales declined 22 percent to nearly 14,100, while foreclosure starts dropped 33 percent to 21,900 in February.​