Foreclosure Prevention Report - August 2014

The Enterprises' Foreclosure Prevention Actions:

• Nearly 23,400 foreclosure prevention actions were completed in August, bringing the total to more than 3.3 million since the start of the conservatorships in September 2008.
• Half of these actions have been permanent loan modifications.
• There were more than 14,700 permanent loan modifications in August, down 16 percent compared with July.
• Approximately 23 percent of all permanent loan modifications in August included principal forbearance.
• More than 4,200 short sales and deeds-in-lieu were completed in August, down 8 percent compared with July.

The Enterprises' Mortgage Performance:

• The serious delinquency rate fell to 1.99 percent in August, the lowest level since December 2008. ​

The Enterprises' Foreclosures:

• Third-party and foreclosure sales decreased 9 percent to approximately 12,500, while foreclosure starts declined 18 percent to nearly 21,500 in August.