FHFA: Foreclosure Prevention Report – November 2018
February 7, 2019
November 2018 Highlights
The Enterprises’ Foreclosure Prevention Actions:
•The Enterprises completed 12,902 foreclosure prevention actions in November, bringing the total to 4,270,948 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
•There were 8,048 permanent loan modifications in November, bringing the total to 2,306,684 since the conservatorships began in September 2008.
•Twenty-nine percent of modifications in November were modifications with principal forbearance. Modifications with extend-term only accounted for 65 percent of all loan modifications during the month.
•There were 566 short sales and deeds-in-lieu of foreclosure completed in November, down 11 percent compared with October.
The Enterprises’ Mortgage Performance:
•The serious delinquency rate dropped from 0.76 percent at the end of October to 0.74 percent at the end of November.
The Enterprises’ Foreclosures:
•Third-party and foreclosure sales decreased from 4,416 in October to 3,888 in November.
•Foreclosure starts decreased from 12,752 in October to 10,810 in November.
Attachments: Foreclosure Prevention Report – November 2018