FHFA: Foreclosure Prevention Actions Approaching 3.6 Million Through Third Quarter 2015
December 16, 2015
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 54,744 foreclosure prevention actions in the third quarter of 2015, bringing the total number of foreclosure prevention actions to just under 3.6 million since the start of the conservatorships in September 2008. These measures have helped more than 2.9 million borrowers stay in their homes, including more than 1.8 million who received permanent loan modifications.
Further details can be found in FHFA’s third quarter Foreclosure Prevention Report, which also includes data on Fannie Mae and Freddie Mac home retention actions, delinquency data and real estate owned (REO) inventory. FHFA publishes the report data in an online, interactive Borrower Assistance Map accessible through FHFA.gov.
Other foreclosure prevention data for Fannie Mae and Freddie Mac noted in the quarterly report include:
- The number of 60+ day delinquent loans declined another 3 percent during the quarter.?
- The REO inventory of Fannie Mae and Freddie Mac declined 11 percent during the third quarter to 77,204.
- The serious delinquency rate of Fannie Mae and Freddie Mac loans fell to 1.5 percent at the end of the third quarter.
Media: ?Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
Consumers: Consumer Communications or (202) 649-3811