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Foreclosure Prevention Report

Foreclosure Prevention Report - January 2015

Published: 4/20/2015

​​January 2015 Highlights


The Enterprises' Foreclosure Prevention Actions:

  • Nearly 21,800 foreclosure prevention actions were completed in January 2015, bringing the total to more than 3.4 million since the start of the conservatorships in September 2008. Half of these actions have been permanent loan modifications.
  • There were more than 13,500 permanent loan modifications in January, down 5 percent compared with December 2014.
  • The share of modifications with principal forbearance fell to 18 percent while modifications with extend-term only increased to 48 percent in January due to improved house prices.
  • Nearly 3,500 short sales and deeds-in-lieu were completed in January, down 11 percent compared with December.

The Enterprises' Mortgage Performance:

  • ​​​​​​​The serious delinquency rate declined slightly to 1.86 percent in January, the lowest level since November 2008.

The Enterprises' Foreclosures:

  • Third-party and foreclosure sales increased 17 percent to more than 13,300, while foreclosure starts increased 2 percent to approximately 25,900 in January.
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