FHFA: Fourth Quarter Foreclosure Prevention Report | Foreclosure Preventions Surpass 3.8 Million

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 189,911 foreclosure prevention actions in 2016, bringing the total number of troubled homeowners helped since conservatorships to more than 3.8 million.

Of the 3.8 million foreclosure prevention actions, 3.1 million have helped troubled homeowners stay in their homes, including more than 2 million permanent loan modifications. FHFA’s report includes data on the Enterprises’ home retention actions, delinquency data and real estate owned (REO) inventory. FHFA publishes the report data in an online, interactive Borrower Assistance Map on FHFA.gov.   Other foreclosure prevention data noted in the quarterly report include:

  • The Enterprises’ serious delinquency rate fell to 1.1 percent at the end of the fourth quarter, the lowest level since June 2008.
  • The number of 60+ days delinquent loans declined slightly to 420,709 at the end of the fourth quarter, the lowest level since 2008.
  • The Enterprises’ REO inventory declined by 9 percent in the fourth quarter to 48,380.

Link to Report

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