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The Federal Housing Finance Agency (FHFA) has released its second quarter Foreclosure Prevention Report showing that Freddie Mac and Fannie Mae completed a total of 48,760 foreclosure prevention actions in the second quarter of 2017.
Since conservatorship began in 2008, nearly 4 million distressed homeowners have been assisted, including over 3.2 million foreclosure prevention actions that have helped homeowners remain in their homes and more than 2 million permanent loan modifications.
Report Highlights
- The Enterprises’ serious delinquency rate fell to 0.9 percent at the end of the second quarter, the lowest level since January 2008.
- The number of 60+ days delinquent loans declined 6 percent to 354,178 at the end of the second quarter.
- The Enterprises’ REO inventory declined by 9 percent in the second quarter to 40,392.
To learn more and read the FHFA’s full report, please, click here.