​October 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:    

• The Enterprises completed 14,370 foreclosure prevention actions in October 2016, bringing the total to 3,802,258 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 9,213 permanent loan modifications in October, bringing the total to 2,002,905 since the conservatorships began in September 2008.
• The share of modifications with principal forbearance increased to 21 percent. Modifications with extend-term only remained high at 41 percent of all permanent modifications due to improved house prices and a declining HAMP eligible population.
• There were 1,771 short sales and deeds-in-lieu completed in October, down 8 percent compared with September.

The Enterprises' Mortgage Performance:

• The serious delinquency rate fell from 1.16 percent at the end of September to 1.14 percent at the end of October.

The Enterprises' Foreclosures:

• Third-party and foreclosure sales decreased 13 percent from 6,975 in September to 6,094 in October. Foreclosure starts increased 15 percent from 16,744 in September to 19,194 in October.