First Quarter 2017 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 49,104 foreclosure prevention actions in the first quarter of 2017, bringing the total to 3,882,464 since the start of conservatorships in September 2008. Of these actions, 3,211,462 have helped troubled homeowners stay in their homes including 2,054,248 permanent loan modifications.
  
• The share of modifications with principal forbearance increased to 26 percent. Modifications with extend-term only accounted for 40 percent of all loan modifications in the first quarter due to improved house prices and expiration of the Home Affordable Modification Program (HAMP).
  
• As of March 31, 2017, approximately 20 percent of loans modified in the first quarter of 2016 had missed two or more payments, one year after modification.
  
• There were 4,936 completed short sales and deeds-in-lieu during the quarter, bringing the total to 671,002 since the conservatorships began in September in 2008.
  

The Enterprises' Mortgage Performance:

• The number of 60+ days delinquent loans declined 10 percent to 377,622 at the end of the first quarter, the lowest level since 2008.
  
• The Enterprises' serious delinquency rate fell to 1.0 percent at the end of the first quarter, the lowest level since April of 2008. This compared with 4.0 percent for Federal Housing Administration (FHA) loans, 2.1 percent for Veterans Affairs (VA) loans, and 2.8 percent for all loans (industry average).
  

The Enterprises' Foreclosures:

• Foreclosure starts fell 4 percent to 50,529 while third-party and foreclosure sales increased 5 percent to 19,195 in the first quarter.
  

Related News Release

For an interactive online map that provides state data, click on the following link: Fannie Mae and Freddie Mac State Borrower Assistance Map