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Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012
FHFA Federal Property Manager's Report
This report contains data on foreclosure prevention activity of Fannie Mae and Freddie Mac (the
Enterprises) through March 2012.

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Table of Contents
HIGHLIGHTS....................................................................................3
MAKING HOME AFFORDABLE PROGRAM - STATUS UPDATE.............................................4
MORTGAGE PERFORMANCE.................................................5
FORECLOSURE PREVENTION ACTIONS: All Actions Completed.................. 6
Home Retention Actions........................................................................................... 8
Enterprises' Loan Modifications......................................................................................................... 9
Fannie Mae's Loan Modifications.......................................................................................................... 10
Freddie Mac's Loan Modifications......................................................................................................... 12
Home Forfeiture Actions.................................................................................................................14
FORECLOSURES.... 15
REO ACTIVITY & INVENTORY...16
DELINQUENT LOANS BY STATE CHART
17
DELINQUENCY STATUS MAP18
PROFILES OF KEY STATES
19
Key states were selected based on the top rankings for three factors as of March 31, 2012:
Serious delinquency rates of the Enterprises' single-family books;
The number of serious delinquent loans in the Enterprises' single-family portfolios; and
The percentage decline in house prices over the past five years, per FHFA's Seasonally Adjusted,
Purchase-Only House Price Index.
Florida
19
Nevada20

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Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Table of Contents (Cont.)


New Jersey 21
Illinois22
Maryland
23
California 24
New York 25
Arizona26
Georgia27
Idaho28
APPENDIX: DATA TABLES......
29
APPENDIX: STATE LEVEL DATA
Single-Family Book Profile by State40
Completed Foreclosure Prevention Actions by State
43

GLOSSARY... 46

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

First Quarter 2012 Highlights

Foreclosure Prevention & Refinance Activities

4Q11

1Q12

36,391
399,808

31,075
413,855

Completed Foreclosure Prevention Actions


Loan Modifications *
71,111
Repayment Plans
41,972
Forbearance Plans
7,103
Charge-offs-in-lieu
512
Home Retention Actions
120,698
Short Sales
31,785
Deeds-in-lieu
3,110
Home Forfeiture Actions
34,895
TOTAL
155,593

60,348
44,636
6,248
507
111,739
30,601
3,759
34,360
146,099

The Enterprises' Completed Foreclosure Prevention Actions:


The Enterprises have completed nearly 2.3 million foreclosure
prevention actions since the start of conservatorship in September
2008. Over 1.9 million of these actions have helped borrowers keep
their homes including more than 1.1 million permanent loan
modifications.
Approximately half of borrowers who received loan modifications in
the first quarter had their monthly payments reduced by over 30
percent.
Nearly one-third of loan modifications in the first quarter included
principal forbearance.
The performance of modified loans remains strong. Fewer than 15
percent of loans modified in the second quarter of 2011 had missed
two or more payments, nine months after modification.

HAMP Active Trials


HAMP Permanent - Cumulative

* Includes HAMP permanent modifications

The Enterprises' Mortgage Performance:


Mortgage performance continues to improve as early stage (30-89
days) and serious delinquency rates declined during the first quarter
of 2012.
The Enterprises' Foreclosures:
Third-party and foreclosure sales decreased slightly while
foreclosure starts increased for the first time since third quarter of
2010.
REO inventory declined as property dispositions increased and
acquisitions decreased during the first quarter.
For an interactive online map that provides state data, click on the following link:
Fannie Mae and Freddie Mac State Borrower Assistance Map

Mortgage Performance (at period end)


(# of loans in thousands)

30-59 Days Delinquent


60-plus-days Delinquent
Serious Delinquent*
Foreclosure Starts
Third-party & Foreclosure Sales
REO Inventory

4Q11
612
1,296
1,105
218
80
179

1Q12
497
1,202
1,052
226
79
173

2.11%
4.46%
3.78%

1.72%
4.15%
3.61%

(Percent of total loans serviced)

30-59 Days Delinquent


60-plus-days Delinquent
Serious Delinquent*
* 90 days or more delinquent, or in the process of foreclosure.

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Home Affordable Modification Program (HAMP) - Status Update


Home Affordable Modification Program (HAMP)

HAMP Statistics

Announced March 4, 2009.

Cumulative from April 2009 through

Allows a borrowers payment to be reduced to an affordable


amount through an interest rate reduction (down to 2 percent), a
term extension (up to 480 months), or principal forbearance.
Incentives are being offered to borrowers, servicers, and investors
for program participation and a successful payment history.

Approximately 960,900 homeowners have been offered a HAMP


trial modification since the program started in April 2009. Nearly
508,600 of these homeowners have been granted HAMP
permanent modifications.

About 14,000 HAMP trials became permanent modifications in the


first quarter, bringing the total number of active HAMP permanent
modifications to approximately 413,900.

Nearly 31,100 borrowers were in a HAMP trial modification period

Trial Modifications Ever Started


Less:
Trials Disqualified
Trials Cancelled
Permanent Modifications
Trials Remaining Active
Permanent Modifications Started
Less:
Modifications Defaulted
Modifications Paid off
Active Permanent Modifications

4Q11
936,402

1Q12
960,922

(97,039)
(321,794)
(481,178)
36,391

(97,255)
(324,033)
(508,559)
31,075

481,178

508,559

(79,356)
(2,014)
399,808

(92,222)
(2,482)
413,855

Source: HAMP system of record (IR2)

at the end of the quarter, down from 36,400 at the end of the fourth
quarter. The decline was due to conversions to permanent
modifications.

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Mortgage Performance
Enterprises' 60-plus-days Delinquency Rates
by Original Credit Score

20%

Enterprises' Mortgage Delinquency Rates


8%

6%

15%

60-plus-days Delinquent

12.8%
11.9%

Original Credit Score < 6601

10%

4%

2.9%
4.5%

5%

1.5%
0%

Total

4.5% 4.2%
3.2% 3.0%

2%

3.8%

3.6%

Seriously Delinquent2
2.1%

2.0%

1.7%

30-59 Days Delinquent

Original Credit Score >= 660

0.9%

0%

Serious Delinquency Rates2


Enterprises versus Mortgage Industry

35%

4.5% 4.2%

3.6%

60-plus-days Delinquency Rates


8%

30%
25%

24.4%
23.2%

6%

Fannie Mae
4.7%
4.3%
4.1%
3.9%

Subprime Loans

20%

4%

16.4%
15%
10%
5.59%

5%4.0%
2.9%
0%1.0%

Freddie Mac
9.0% 9.0% FHA
7.7% 7.4%
4.6%Industry
4.7%

2% 1.7%

1.1%

VA
3.8% 3.6%GSEs

0%

Source: Fannie Mae and Freddie Mac; National Delinquency Survey from MBA - First Quarter 2012
1
2

Includes loans with missing original credit score.


90 days or more delinquent, or in the process of foreclosure.

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Foreclosure Prevention Activity: All Actions Completed


Since conservatorship, the Enterprises have completed nearly 2.3 million foreclosure prevention actions.
More than 1.1 million of these actions have been permanent loan modifications and another 777,400 have
been other forms of assistance that have allowed troubled homeowners to save their homes. Approximately
339,000 of the actions have been short sales and deeds-in-lieu which resulted in borrowers leaving their
homes without going through the foreclosure process.

Completed Foreclosure Prevention Actions


Conservatorship
to Date1

Full Year
2009

Full Year
2010

Full Year
2011

1Q12

142,360
25,227
2,247
39,199
163,647

185,954
63,024
3,118
5,191
575,022

181,558
34,423
2,263
322,108

44,636
6,248
507
60,348

567,817
131,038
8,408
70,178
1,144,902

372,680

832,309

540,352

111,739

1,922,343

Nonforeclosure - Home Forfeiture Actions


Short Sales
55,447
2,971
Deeds-in-lieu

107,953
6,043

115,237
10,231

30,601
3,759

315,430
23,544

58,418

113,996

125,468

34,360

338,974

431,098

946,305

665,820

146,099

2,261,317

Home Retention Actions


Repayment Plans
Forbearance Plans
Charge-offs-in-lieu
HomeSaver Advance (Fannie)
Loan Modifications
Total

Total
Total Foreclosure Prevention
Actions
1

Since the first full quarter in conservatorship (4Q08).

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Foreclosure Prevention Activity: All Actions Completed


The Enterprises completed approximately 146,100 foreclosure prevention actions in the first quarter. The
vast majority of these actions allowed troubled homeowners to save their homes, including 60,300
permanent loan modifications.
300

31

250

Number of loans in thousands

24
18

200

21
31
46

14

11

56

34

150

28
50

Other 1
100

18
16

16
15

15
13

5
32

138

25

37

32

8
46

31
7
49

35

34

7
42

147

81

84

71

Short Sales &


Deeds-in-lieu

Repayment
Plans2

60

Loan
Modifications

37

Home Forfeiture
Actions

Forbearance
Plans2

45

120
86

58

32

171

46

39

13
24

45

17
13

13

20
10

50

28

Home Retention
Actions

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
1
2

Consists of HomeSaver Advance (Fannie Mae) and Charge-offs-in-lieu.


Include loans that were 30+ days delinquent at initiation of the plan. In addition, the completed forbearance plans data have been revised to exclude HAMP.

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Foreclosure Prevention Activity: Home Retention Actions


Approximately 60,300 loan modifications were completed in the first quarter, bringing the total number of
permanent modifications to more than 1.1 million since the start of conservatorship in September 2008. In
addition, the Enterprises completed more than 44,600 repayment plans and 6,200 forbearance plans to
help delinquent borrowers cure their mortgage arrears during the quarter.
Loan Modifications Completed

Repayment and Forbearance Plans Completed

(Number of loans in thousands)

(Number of loans in thousands)

200

80

150

60

Repayment Plans
42
100

45

40

Total
71
52

50

60
47

20

18

Fannie Mae
16
11
0 4

19

7
14

Freddie Mac

Forbearance Plans

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Enterprises' Loan Modifications

Nearly one-third of borrowers who received loan modifications in the first quarter had portions of their mortgage balance
forborne.
The performance of modified loans remains strong. Fewer than 15 percent of loans modified in the second quarter of 2011
had missed two or more payments, nine months after modification.
Type of Modification
100%

80%

9%
4%

9%
3%

17% 19%

7%

8%

5%

6%

7%

4%

2%

9%
21%
18%

34%
9%

60%

40%

9%

Other

6%

70% 68%
65%

56%

20%

30%
31% 30% 28% 31%

1%

1%

1%

18%
24% 20%

12%

12%

11%

4% 4% 6% 7% 9%
4% 12% 12%
32%
12%
32%
9%
21% 22% 29%

44% 47% 48% 46%

37% 37% 34% 35% 38%

Reduce Rate
Only

Size of Payment Change


100%
15%

6%

Reduce Rate &


Extend Term

11%

14%
31%
28%

0%

Decrease
> 30%

17%
16%

32%

40% 82%
70%

31%
53%

32%

38%

16% 16%
25%

20%

23%

16% 12% 13% 15% 13%

21% 21%

16% 16% 18% 20% 21%

23%

23% 26% 27%

21%

26% 24%

7% 8% 11% 8% 6% 6% 5% 4%

Decrease
20% <=30%
Decrease
<=20%
No Change
Increase

Modified Loans - 60-plus-days Re-Delinquency Rates


100%

78%

Three Months after Modification

20%

55%

46% 47% 50%


53% 49% 51% 49%

34% 36% 26%

60%

Modified Loans - Current and Performing

80%

40%

48%

0%

100%

60%

23%
43%

25%

0%

18% 19%

21%

80%

Extend Term
Only
Reduce Rate,
Extend Term &
Forbear
Principal

4%

59% 57% 60%


52%
37%

49% 47% 49%


34% 35%

39%

28% 28% 28% 30%

44% 44%

48% 64%
45%

34%

69%

81% 80% 79% 81%


73% 74%
68%

71%

84% 84% 83% 84%

78% 78% 78%


75% 77%
73%
75%
72% 74%

80%

60%
Six Months after modification
40%

38%

Nine Months after Modification

39%

41%

42%

42% 40% 39%

36%

38% 37%

20%

0%

Nine Months after Modification


33% 35% 33%
35%
Six Months after Modification
20%
31%
18%
25% 28%
16% 15%
21% 24%
14%
20%
19% 16% 13%
13% 15%
12% 11% 13% 11%
13%
17%
11%
Three Months after Modification 9%
7%
8% 9% 10% 8%
7% 7%
7%

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Fannie Mae's Loan Modifications*


Size of Payment Change

Type of Modification Other


100%
10% 9%
10%
80%

5%

7% 10%

5%

5%

7%

5% 11%

22%

12% 10% 24%

13%
6%
60%

35% 35%
35%

17% 16%

17% 15%

Reduce Rate
Only

12%

Extend Term
Only

32%
11%
10%

2%

14%
67%

34%

40%

9%

40%

0%

4%

36% 35%

Reduce Rate,
Extend Term &
Forbear
Principal

73% 72%

80%

8%

5%
11%

21%

14%

36%

21% 23%

27%
46% 49%

20%
28%

60%

41% 42% 38%


37% 37% 34% 36% 39%

Reduce Rate &


Extend Term

29%

17%

41%
35%
53%

35%

16% 16%
35% 24%

20%

22%
19% 19%

15%

0%

Modified Loans - Current and Performing


100%

80%

54%

16%

25%
0%

58% 56% 54% 57%

Decrease
> 30%

48% 48% 51%

28%

40% 83%
67%

55%
20%

14%

29%

5%

25% 33%
18% 24%

100%

15%

19%

15% 18%

20%

22% 23%

24% 27% 26%

23%

Decrease
20% <=30%

24%

Decrease
<=20%
No Change

10% 9% 14% 13% 6% 8% 11%


6% 3% 3% 3% 2%

Increase

Modified Loans - 60-plus-days Re-Delinquency Rates


100%

78%

81%
80% 79%
78%

83% 83% 83% 83%

78% 78% 78%


75% 76%
73%
71%
69%
73% 71% 73% 75%
62% 63%
71%
58%
65%
Six Months after modification
55%
64%
50%
49%
47%
45%
44% 42%
Nine Months after Modification
40%
44%
36%
43%
33%
30%
36%
31%
27% 27% 27%

80%

Three Months after Modification

60%

40%

20%

0%

60%
47%

51% 52% 50%

47%

Nine Months after Modification


41%

40%

44% 44%
39%

37%
31%

20%

0%

27%

36%

33%

39%
36%

Six Months after Modification


22% 21%

17% 16% 17%


15% 14%
21% 17%
15% 15%
14%13% 12% 12% 11%
Three Months after Modification
9%
9% 9% 11% 9%
8% 8% 8% 7%

21%

24%

* Modified loans data may not tie to Fannie Mae's financial statements due to timing differences in reporting systems.

19% 18%

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Fannie Mae's HAMP and Non-HAMP Performance


Loans modified through HAMP perform better after modification compared with Non-HAMP modifications.
Modified Loans - Performance Three Months after Modification
HAMP

Non-HAMP

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Current and Performing

86%

80%

78%

81%

86%

86%

86%

87%

Current and Performing

74%

78%

79%

80%

80%

78%

80%

81%

30-59 Days Delinquent

7%

11%

12%

10%

8%

8%

8%

7%

30-59 Days Delinquent

16%

12%

11%

11%

11%

11%

11%

11%

60+ Days Delinquent

7%

9%

11%

10%

6%

6%

6%

6%

60+ Days Delinquent

9%

10%

10%

8%

9%

11%

9%

8%

Modified Loans - Performance Six Months after Modification


HAMP

Non-HAMP

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11

Current and Performing

81%

76%

77%

79%

81%

81%

82%

Current and Performing

62%

70%

74%

75%

73%

71%

75%

30-59 Days Delinquent

9%

12%

10%

10%

10%

9%

9%

30-59 Days Delinquent

17%

13%

12%

12%

13%

13%

12%

60+ Days Delinquent

9%

13%

13%

11%

9%

10%

9%

60+ Days Delinquent

21%

16%

14%

13%

14%

15%

13%

Modified Loans - Performance Nine Months after Modification


HAMP

Non-HAMP

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11

Current and Performing

76%

74%

76%

76%

77%

78%

Current and Performing

55%

67%

71%

69%

68%

69%

60+ Days Delinquent

13%

19%

13%

13%

13%

12%

60+ Days Delinquent

28%

24%

17%

17%

18%

17%

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Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Freddie Mac's Loan Modifications*


Size of Payment Change

Type of Modification
100%

80%

7%
9% 10%
13% 12%

6%

6%

4%

3%

5%

5%

3%

17% 13%

27% 28% 28%


28% 30%

26%
43%

60%

Other

3%
16%

21%
14% 22%

19%

7%

100%

16% 9% 11%

Reduce Rate
Only

22%

10%

16%

16% 15%

11%
33%

80%

20%

47% 47% 43%

36%

12% 16%
9%
15% 15%
16% 15%

Extend Term
Only

26%

37% 40%

16%

40%

72%

23%
18% 21%

64% 63%
59% 62% 62%

63%
41%

20%

18%

17%
44%

40% 81%

39% 36%
33% 31% 35%

16% 17%

74%

30%

30%
24% 26% 27%

20%
25%

24%

18%

0%

Modified Loans - Current and Performing

17% 17%

16% 16%

15%

31%
29%

16% 14%

0%

18%

Decrease
20% <=30%

28%

53%

Reduce Rate &


Extend Term

46%

Decrease
> 30%

37% 41%

60%

17%

Reduce Rate,
Extend Term &
Forbear
Principal

42% 43% 44%

29% 28% 28% 27%

25%

4%
4%
11% 9% 8% 11% 11% 11% 12% 12% 12%

Decrease
<=20%
No Change
Increase

Modified Loans - 60-plus-days Re-Delinquency Rates


100%

100%
86%

80%

60%

85% 85% 84% 85%


82% 81% 81%
77% 80%
79% 79%
78%
Three Months after Modification
76% 76% 79% 74% 74%
76%
76%
66%
72%
73%
73%
57% 55%

57%
50%

47%

42%
39% 36% 38%

40%

43%

53%
51%
41%

65%

Six Months after Modification

48%

80%

60%

36%

40%

Nine Months after Modification


32%

20%

30% 30% 29%

27%

34% 35%

21%

20%

0%

36% 38%

Nine Months after Modification

36%

31%

30%
22% 22%

22%

36% 28%

Six Months after Modification


27%

25% 17%

11% 12% 11% 13% 13% 12%


10% 10% 10% 9%
9%
7% 6% 5%
6% 7%

13%
Three Months after
9%
14%
10% Modification
9% 6%
7%

18%

0%

34%

39%

* Modified loans data may not tie to Freddie Mac's financial statements due to timing differences in reporting systems.

10%
5% 5%

Page 12

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Freddie Mac's HAMP and Non-HAMP Performance


Loans modified through HAMP perform better after modification compared with Non-HAMP modifications.
Modified Loans - Performance Three Months after Modification
HAMP

Non-HAMP

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11

Current and Performing

83%

88%

84%

82%

82%

87%

88%

87%

89%

Current and Performing

72%

78%

78%

79%

80%

83%

81%

79%

79%

30-59 Days Delinquent

9%

7%

10%

12%

11%

8%

8%

9%

8%

30-59 Days Delinquent

18%

13%

14%

12%

12%

10%

11%

12%

12%

60+ Days Delinquent

8%

5%

6%

6%

7%

5%

4%

4%

3%

60+ Days Delinquent

10%

9%

8%

7%

7%

7%

8%

9%

9%

Modified Loans - Performance Six Months after Modification


HAMP

Non-HAMP

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11

Current and Performing

84%

84%

79%

79%

82%

83%

84%

83%

Current and Performing

62%

67%

66%

70%

76%

72%

71%

70%

30-59 Days Delinquent

9%

9%

13%

12%

10%

10%

10%

10%

30-59 Days Delinquent

21%

18%

19%

16%

13%

15%

15%

15%

60+ Days Delinquent

7%

7%

8%

9%

8%

7%

6%

7%

60+ Days Delinquent

17%

15%

15%

14%

11%

13%

14%

16%

Modified Loans - Performance Nine Months after Modification


HAMP

Non-HAMP

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11


Current and Performing

79%

80%

76%

79%

78%

80%

80%

60+ Days Delinquent

10%

9%

10%

10%

10%

9%

8%

4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11


Current and Performing

53%

59%

61%

68%

69%

66%

65%

60+ Days Delinquent

23%

20%

18%

15%

15%

18%

18%

Page 13

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Foreclosure Prevention Activity: Home Forfeiture Actions


Approximately 34,400 short sales and deeds-in-lieu were completed in the first quarter, bringing the total to
nearly 339,000 since the start of conservatorship. The Enterprises continue to offer short sales and deeds-inlieu as options for borrowers who can no longer afford their mortgages to avoid going through the foreclosure
process. These foreclosure alternatives help to reduce the severity of losses resulting from a borrowers
default and minimize the impact of foreclosures on borrowers, communities, and neighborhoods.

35
3

30

3
2

Number of loans in thousands

Deeds-In-Lieu
4

25

20
Short Sales
32

15

29

29

29
26

31

28

26

23

10

19
17
12

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12
Page 14

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Foreclosures
The Enterprises' third-party and foreclosure sales declined slightly while foreclosure starts increased for the
first time since third quarter of 2010.
400

339

300
Number of loans in thousands

310

299

Foreclosure Starts

275
254

244

243

260

246

251
224

218

79

80

226

200

133
109

150

138

117

112
98

100

31

38

47

57
35

41

70

78

77

88

94
79

Completed Third-party & Foreclosure Sales

0
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

Page 15

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

Real Estate Owned (REO) Activity & Inventory


The Enterprises' REO inventory continued to decline in the first quarter due to increases in property
dispositions and decreases in property acquisitions.

REO Inventory by State


(Number in thousands)
250
7
15
27

200
5
13

150

100
4
7
6
13
50

22

39

4
7
7
14

4
8
8
15

4
9
10
18

4
11

20

14

25

28

6
14
19

30

28

30

7
11
13
28

52

51

22

Nevada

5
8
12

4
6
13

23

20

3
5
15

Arizona
Florida

17

California

49

44

45

43

45

93

91

91

47

39

Selected Midwest
States*

32
29

111

25

41

6
13

49

59

74

86

109

100

All Other States


86

0
1Q09 2Q09
2Q09 3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
1Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
Acquisitions
39,362 54,092 65,332 71,938 91,341 103,500 124,402 69,733 78,256 78,485
Dispositions
(40,724) (48,294) (49,238) (54,144) (58,723) (75,832) (74,206) (76,849) (94,441) (100,550
Inventory (at period end) 91,516 97,314 113,408 131,202 163,820 191,488 241,684 234,568 218,383 196,318

REO Activity

Select Midwest states are Illinois, Indiana, Michigan and Ohio

3Q11
3Q11

4Q11
1Q12
4Q11
1Q12
69,572 72,014 71,505
(83,678) (75,163) (77,104)
182,212 179,063 173,464

Page 16

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

State Level Data

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Delinquent Loans by State

A substantial number of the Enterprises' delinquent borrowers are deeply (365+ days) delinquent. At the end of the first
quarter, more than half of the serious delinquent (90+ days delinquent) borrowers have missed more than one year of
mortgage payments. In Florida, the number of loans that have been delinquent for one year or more exceeds the total
number of delinquent loans in every other state except California.

Delinquent Loans by State - As of March 31, 2012


(# of loans in thousands)

300

250

30-59 Days DLQ*


200

60-89 Days DLQ

162

90-179 Days DLQ


150

180-364 Days DLQ

34

365+ Days DLQ


100

33
37
39

25

7
11
8 45 3
5
3
10 4 12
7

13

37

8
6

9
9
9
9

38

22 9

18

10

19

11
8

12

10
6
4
22 3 2
11 1
1
4
2

17

24
1

7
8
9
7

9
6 7
3
5 6
4 4
4
4
20 3
9 11 5
8 12 12 3
2

11

11
8
7
6

9 11
8
10
6
8 25
19
4
16 3
1
5
3
3 5
11
8
6

19
2

18

18
9
7
7

9
6
5
3
5 21
10
6
2

13

4
4
4 32
10

5
5
5
4
12

9
6

6
5

3
6

10 7

AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
Other **

50

38

* Includes
**

other loans that cannot be categorized due to missing attributes.


Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.

Page 17

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Serious Delinquency Rates of Single-Family Mortgages*


For an interactive online map that provides state data, click on the following link:
Fannie Mae and Freddie Mac State Borrower Assistance Map

* Loans that have missed three or more payments or are in foreclosure.

The following pages provide detailed information about states with the biggest five-year decline in
house prices and the highest number and rate of seriously delinquent loans as of March 31, 2012.
Page 18

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Florida
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

173

98

271

Current Loans

1,071

642

1,713

Total Loans Serviced

1,243

740

1,983

Delinquent Loans
300

Completed Foreclosure Prevention Actions

292

2010

2011

1Q12

271
Home Retention Actions

250

200

365+ Days Delinquent

166
162

150

100

36
27

50

Conservatorship
to Date1

180-364 Days Delinquent

37

17

22 90-179 Days Delinquent


13 60-89 Days Delinquent

45

37

Dec-11

Mar-12

Repayment Plans

12,464

11,456

2,523

35,804

Forbearance Plans

6,840

3,667

864

12,919

Loan Modifications
Other

64,733
385

43,190
79

8,206
24

136,312
3,759

Total

84,422

58,392

11,617

188,793

Nonforeclosure - Home Forfeiture Actions


25,705 29,738
Short Sales & Deeds-in-lieu
Total Foreclosure
Prevention Actions

110,127

88,130

7,888

76,164

19,505

264,957

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

30-59 Days Delinquent


1

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 19

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Nevada
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

17

13

30

Current Loans

161

97

258

Total Loans Serviced

178

109

287

Delinquent Loans

40

Completed Foreclosure Prevention Actions


2010

33

11
10

365+ Days Delinquent

20

10

Conservatorship
to Date1

Repayment Plans

1,566

1,430

244

4,294

Forbearance Plans

1,335

685

103

2,283

Loan Modifications
Other

13,729
32

7,282
5

1,110
0

25,859
437

Total

16,662

9,402

1,457

32,874

180-364 Days Delinquent

Nonforeclosure - Home Forfeiture Actions


6,398
6,324
Short Sales & Deeds-in-lieu

90-179 Days Delinquent

Total Foreclosure
Prevention Actions

8
5

1Q12

Home Retention Actions

30

30

2011

60-89 Days Delinquent

30-59 Days Delinquent

Dec-11

Mar-12

22,986

15,800

1,767

16,441

3,224

49,315

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 20

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

New Jersey
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

53

28

81

Current Loans

515

306

821

Total Loans Serviced

568

334

901

Delinquent Loans

Completed Foreclosure Prevention Actions

100

2010

84
80

37
60

40

11
9

20

8
20

365+ Days Delinquent

38

180-364 Days Delinquent

90-179 Days Delinquent

60-89 Days Delinquent

16

30-59 Days Delinquent

1Q12

Conservatorship
to Date1

Home Retention Actions

81

11

2011

Repayment Plans

6,034

5,773

1,402

16,936

Forbearance Plans

2,107

1,323

342

4,194

Loan Modifications
Other

19,657
127

11,656
9

2,692
3

39,715
1,259

Total

27,924

18,761

4,439

62,103

Nonforeclosure - Home Forfeiture Actions


2,675
2,218
Short Sales & Deeds-in-lieu
Total Foreclosure
Prevention Actions

30,142

21,436

783

6,865

5,222

68,968

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

Dec-11

Mar-12

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 21

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Illinois
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

61

39

100

Current Loans

740

549

1,289

Total Loans Serviced

801

588

1,389

Delinquent Loans
120

2010

111
100

100

365+ Days Delinquent

39

80

18
14
10

20

27

90-179 Days Delinquent

12
8
22

1Q12

Conservatorship
to Date1

Repayment Plans

7,606

7,393

1,854

22,353

Forbearance Plans

3,722

2,050

475

6,866

Loan Modifications
Other

31,742
290

19,323
93

3,808
27

63,189
2,040

Total

43,361

28,859

6,164

94,448

180-364 Days Delinquent

19
40

2011

Home Retention Actions

42

60

Completed Foreclosure Prevention Actions

60-89 Days Delinquent

Nonforeclosure - Home Forfeiture Actions


5,857
4,478
Short Sales & Deeds-in-lieu
Total Foreclosure
Prevention Actions

47,839

34,716

1,909

14,382

8,073

108,830

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

30-59 Days Delinquent

Dec-11

Mar-12

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 22

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Maryland
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

28

18

46

Current Loans

377

252

629

Total Loans Serviced

405

270

675

Delinquent Loans

Completed Foreclosure Prevention Actions

60

50

40

30

2010

50
46
17
17
7
6

20

10

365+ Days Delinquent

5
15

180-364 Days Delinquent

90-179 Days Delinquent

60-89 Days Delinquent

12

30-59 Days Delinquent

Dec-11

Mar-12

Home Retention Actions


Repayment Plans
Forbearance Plans
Loan Modifications
Other
Total

2011

1Q12

Conservatorship
to Date1

4,579
1,737
17,497
137

4,567
1,180
10,105
2

1,010
248
1,981
5

13,238
3,503
34,915
1,157

23,950

15,854

3,244

52,814

Nonforeclosure - Home Forfeiture Actions


2,381
1,912
Short Sales & Deeds-in-lieu
Total Foreclosure
25,862 18,235
Prevention Actions

783

6,147

4,027

58,961

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 23

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

California
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae

Delinquent Loans

Freddie Mac

Total

93

62

155

Current Loans

2,253

1,168

3,422

Total Loans Serviced

2,347

1,230

3,577

Delinquent Loans

200

2010

174
150

Completed Foreclosure Prevention Actions

37

155
34

365+ Days Delinquent

33
33

100

180-364 Days Delinquent

29
21
50

54

25

90-179 Days Delinquent

18

30-59 Days Delinquent

45

Home Retention Actions


Repayment Plans
Forbearance Plans
Loan Modifications
Other
Total

2011

1Q12

Conservatorship
to Date1

15,036
9,045
94,050
288

14,175
4,909
52,499
18

3,073
845
8,303
2

40,737
16,006
178,177
2,824

118,419

71,601

12,223

237,744

Nonforeclosure - Home Forfeiture Actions


22,046 22,527
Short Sales & Deeds-in-lieu
Total Foreclosure
140,465 94,128
Prevention Actions

6,053

60,659

18,276

298,403

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

60-89 Days Delinquent


1

Dec-11

Mar-12

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 24

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

New York
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

58

33

91

Current Loans

783

481

1,264

Total Loans Serviced

842

514

1,356

Delinquent Loans

Completed Foreclosure Prevention Actions

120

100

80

2010

99
91
38

365+ Days Delinquent

38
60

40

20

11

180-364 Days Delinquent

11

11

10

90-179 Days Delinquent

60-89 Days Delinquent

30

25

30-59 Days Delinquent

Dec-11

Mar-12

Home Retention Actions


Repayment Plans
Forbearance Plans
Loan Modifications
Other
Total

2011

1Q12

Conservatorship
to Date1

7,466
2,829
22,411
184

7,321
1,641
14,509
25

1,978
397
3,650
14

21,550
5,410
45,913
1,554

32,890

23,496

6,039

74,428

Nonforeclosure - Home Forfeiture Actions


1,668
1,456
Short Sales & Deeds-in-lieu
Total Foreclosure
34,346 25,164
Prevention Actions

482

4,270

6,521

78,698

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 25

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Arizona
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

25

18

42

Current Loans

422

262

684

Total Loans Serviced

447

279

726

Delinquent Loans

Completed Foreclosure Prevention Actions

60

50

2010

49
8

40

10
30

42
7

365+ Days Delinquent


180-364 Days Delinquent

11
10

20

10

6
15

90-179 Days Delinquent

60-89 Days Delinquent

12

30-59 Days Delinquent

Dec-11

Mar-12

Home Retention Actions


Repayment Plans
Forbearance Plans
Loan Modifications
Other
Total

2011

1Q12

Conservatorship
to Date1

4,185
2,840
28,160
127

3,740
1,355
12,307
24

783
193
1,816
3

11,496
4,845
51,438
1,316

35,312

17,426

2,795

69,095

Nonforeclosure - Home Forfeiture Actions


9,913 11,469
Short Sales & Deeds-in-lieu
Total Foreclosure
45,225 28,895
Prevention Actions

3,179

29,350

5,974

98,445

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 26

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Georgia
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

Total

38

25

63

Current Loans

522

365

886

Total Loans Serviced

559

390

949

Delinquent Loans

Completed Foreclosure Prevention Actions

80
2010

72
10
60

10
12

40

10

365+ Days Delinquent

10

180-364 Days Delinquent

11

24

Conservatorship
to Date1

Repayment Plans

7,270

7,694

1,918

22,033

Forbearance Plans

3,020

1,884

314

5,924

Loan Modifications
Other

25,930
305

14,651
98

2,522
19

51,524
2,333

Total

36,526

24,327

4,773

81,815

Generally
targeted
at loans that are
less than 6
months
delinquent.

90-179 Days Delinquent


60-89 Days Delinquent

20

30

1Q12

Home Retention Actions

63

2011

30-59 Days Delinquent

Nonforeclosure - Home Forfeiture Actions


2,645
2,306
Short Sales & Deeds-in-lieu
Total Foreclosure
Prevention Actions

38,832

26,972

771

6,892

5,544

88,707

Generally
targeted
at loans that are
more than 6
months
delinquent.

Dec-11

Mar-12

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 27

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Idaho
Single-Family Book Profile - As of March 31, 2012
(# of loans in thousands)

Fannie Mae Freddie Mac

Delinquent Loans

95

69

165

100

73

173

Current Loans
Total Loans Serviced

Total

Delinquent Loans

10

Completed Foreclosure Prevention Actions


2010

9
8

8
365+ Days Delinquent

2
180-364 Days Delinquent

2
2

90-179 Days Delinquent

1
1

1Q12

Conservatorship
to Date1

Home Retention Actions

2
6

2011

60-89 Days Delinquent

Repayment Plans

1,088

1,066

264

3,108

Forbearance Plans

359

250

40

742

Loan Modifications
Other

2,747
26

1,715
3

301
0

5,656
258

Total

4,220

3,034

605

9,764

Nonforeclosure - Home Forfeiture Actions


1,276
1,049
Short Sales & Deeds-in-lieu
Total Foreclosure
Prevention Actions

5,269

4,310

328

3,303

933

13,067

Generally
targeted
at loans that are
less than 6
months
delinquent.

Generally
targeted
at loans that are
more than 6
months
delinquent.

30-59 Days Delinquent

Dec-11

Mar-12

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and
forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes HomeSaver Advance,
charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.

Page 28

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

1(i) Enterprises Combined - Mortgage Performance (at period end)


(# of loans in thousands)

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

30,353
25,578
4,775

30,411
25,722
4,689

30,629
26,044
4,586

30,509
26,022
4,487

30,454
26,052
4,401

30,265
25,963
4,302

29,896
25,711
4,185

29,717
25,641
4,076

29,787
25,802
3,985

29,606
25,707
3,899

29,325
25,509
3,817

29,045
25,320
3,725

28,954
25,309
3,644

1,715
952
763

2,009
1,126
882

2,321
1,341
980

2,494
1,468
1,026

2,355
1,419
936

2,288
1,372
916

2,196
1,313
882

2,148
1,284
863

1,936
1,178
758

1,938
1,169
769

1,923
1,163
761

1,909
1,150
758

1,699
1,044
655

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

615
316
299

682
353
329

734
404
330

725
406
318

609
345
264

664
370
294

682
378
303

659
362
298

553
307
246

605
331
274

607
336
271

612
336
277

497
277
220

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

254
137
117

269
140
129

310
171
139

310
176
135

259
154
105

255
145
110

258
144
114

247
136
111

201
116
85

206
115
92

213
119
94

210
116
94

168
97
71

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

1,100
636
464

1,327
774
553

1,587
937
650

1,769
1,061
708

1,746
1,074
672

1,624
1,001
622

1,514
935
579

1,488
923
565

1,382
871
511

1,333
838
495

1,316
827
489

1,296
814
482

1,202
767
435

5.65%
3.72%
15.98%

6.61%
4.38%
18.82%

7.58%
5.15%
21.37%

8.17%
5.64%
22.87%

7.73%
5.45%
21.26%

7.56%
5.28%
21.30%

7.34%
5.11%
21.09%

7.23%
5.01%
21.18%

6.50%
4.57%
19.01%

6.54%
4.55%
19.72%

6.56%
4.56%
19.93%

6.57%
4.54%
20.36%

5.87%
4.13%
17.98%

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

2.03%
1.24%
6.27%

2.24%
1.37%
7.02%

2.40%
1.55%
7.20%

2.38%
1.56%
7.09%

2.00%
1.32%
6.00%

2.19%
1.43%
6.84%

2.28%
1.47%
7.25%

2.22%
1.41%
7.31%

1.86%
1.19%
6.18%

2.04%
1.29%
7.02%

2.07%
1.32%
7.10%

2.11%
1.33%
7.42%

1.72%
1.09%
6.04%

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

0.84%
0.54%
2.46%

0.88%
0.55%
2.75%

1.01%
0.66%
3.04%

1.02%
0.68%
3.00%

0.85%
0.59%
2.39%

0.84%
0.56%
2.55%

0.86%
0.56%
2.73%

0.83%
0.53%
2.72%

0.67%
0.45%
2.13%

0.70%
0.45%
2.35%

0.73%
0.47%
2.46%

0.72%
0.46%
2.52%

0.58%
0.38%
1.96%

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

3.62%
2.48%
9.71%

4.36%
3.01%
11.80%

5.18%
3.60%
14.17%

5.80%
4.08%
15.78%

5.73%
4.12%
15.26%

5.36%
3.86%
14.46%

5.06%
3.64%
13.83%

5.01%
3.60%
13.87%

4.64%
3.38%
12.82%

4.50%
3.26%
12.70%

4.49%
3.24%
12.82%

4.46%
3.22%
12.93%

4.15%
3.03%
11.93%

Serious Delinquency Rate

2.85%

3.52%

4.20%

4.82%

4.93%

4.58%

4.26%

4.23%

4.02%

3.85%

3.81%

3.78%

3.61%

In Bankruptcy

0.29%

0.33%

0.36%

0.37%

0.39%

0.42%

0.47%

0.50%

0.51%

0.54%

0.54%

0.58%

0.60%

Total Loans Serviced


Original Credit Score >= 660
Original Credit Score < 660
Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Percent of Total Loans Serviced


Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Page 29

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

1(ii) Fannie Mae - Mortgage Performance (at period end)


(# of loans in thousands)

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

18,131
15,144
2,987

18,221
15,274
2,947

18,360
15,480
2,879

18,284
15,469
2,816

18,234
15,475
2,759

18,109
15,419
2,691

17,946
15,331
2,615

17,933
15,383
2,550

18,022
15,529
2,493

17,917
15,480
2,437

17,778
15,392
2,386

17,721
15,391
2,330

17,765
15,484
2,281

1,139
632
507

1,335
747
588

1,518
870
648

1,636
957
679

1,549
930
620

1,493
892
602

1,419
844
575

1,382
822
560

1,249
756
492

1,248
748
500

1,233
741
492

1,214
727
487

1,078
660
418

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

397
203
195

438
225
213

452
242
210

453
250
203

384
214
170

424
233
191

434
237
197

419
225
194

351
191
160

384
207
177

386
211
175

387
209
178

318
175
143

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

170
91
79

177
92
85

197
107
90

196
110
86

166
98
68

164
93
71

165
91
74

158
86
72

127
72
54

130
71
59

134
74
60

133
72
60

106
60
45

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

742
429
313

897
522
375

1,066
628
439

1,183
707
476

1,166
715
450

1,070
659
411

985
607
377

964
597
367

898
565
333

864
541
323

847
531
316

828
518
309

760
485
276

6.28%
4.17%
16.98%

7.33%
4.89%
19.96%

8.27%
5.62%
22.51%

8.95%
6.19%
24.12%

8.50%
6.01%
22.47%

8.25%
5.78%
22.36%

7.91%
5.51%
21.97%

7.71%
5.34%
21.97%

6.93%
4.87%
19.76%

6.96%
4.83%
20.51%

6.94%
4.82%
20.61%

6.85%
4.73%
20.89%

6.07%
4.26%
18.34%

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

2.19%
1.34%
6.51%

2.40%
1.47%
7.24%

2.46%
1.57%
7.28%

2.48%
1.61%
7.22%

2.10%
1.38%
6.15%

2.34%
1.51%
7.09%

2.42%
1.54%
7.54%

2.34%
1.46%
7.59%

1.95%
1.23%
6.41%

2.14%
1.34%
7.27%

2.17%
1.37%
7.35%

2.18%
1.36%
7.63%

1.79%
1.13%
6.25%

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

0.94%
0.60%
2.66%

0.97%
0.60%
2.90%

1.07%
0.69%
3.11%

1.07%
0.71%
3.06%

0.91%
0.63%
2.47%

0.91%
0.60%
2.66%

0.92%
0.60%
2.82%

0.88%
0.56%
2.82%

0.70%
0.47%
2.18%

0.73%
0.46%
2.41%

0.75%
0.48%
2.51%

0.75%
0.47%
2.58%

0.59%
0.39%
1.99%

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

4.09%
2.83%
10.47%

4.92%
3.42%
12.72%

5.81%
4.05%
15.23%

6.47%
4.57%
16.90%

6.39%
4.62%
16.32%

5.91%
4.27%
15.27%

5.49%
3.96%
14.43%

5.37%
3.88%
14.38%

4.98%
3.64%
13.35%

4.82%
3.50%
13.24%

4.76%
3.45%
13.26%

4.67%
3.37%
13.26%

4.28%
3.13%
12.09%

Serious Delinquency Rate

3.15%

3.94%

4.72%

5.38%

5.47%

4.99%

4.56%

4.48%

4.27%

4.08%

4.00%

3.91%

3.67%

In Bankruptcy

0.33%

0.38%

0.40%

0.41%

0.42%

0.46%

0.51%

0.54%

0.54%

0.57%

0.56%

0.62%

0.65%

Total Loans Serviced


Original Credit Score >= 660
Original Credit Score < 660
Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Percent of Total Loans Serviced


Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Page 30

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

1(iii) Freddie Mac - Mortgage Performance (at period end)


(# of loans in thousands)

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

12,222
10,434
1,788

12,191
10,448
1,742

12,269
10,563
1,706

12,225
10,553
1,672

12,220
10,577
1,642

12,156
10,544
1,612

11,950
10,381
1,569

11,784
10,258
1,526

11,765
10,273
1,493

11,689
10,227
1,462

11,547
10,116
1,431

11,324
9,929
1,395

11,189
9,826
1,364

576
320
256

674
379
294

803
471
332

858
511
347

805
489
316

795
480
315

777
469
308

765
462
303

687
422
265

690
421
269

690
421
269

694
423
271

621
384
237

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

218
113
105

244
128
116

282
161
120

272
157
115

225
131
94

241
138
103

248
142
106

240
136
104

202
115
87

221
124
96

221
125
96

226
127
99

179
102
78

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

84
46
38

92
49
43

114
64
50

114
66
48

93
56
37

90
52
38

93
53
40

90
51
39

74
43
31

76
43
33

79
45
34

78
44
34

62
36
26

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

358
207
151

430
251
178

521
310
211

586
354
232

580
358
222

554
343
211

529
327
201

525
326
199

485
306
178

469
296
173

469
296
173

469
296
173

442
282
159

4.71%
3.07%
14.31%

5.53%
3.63%
16.90%

6.54%
4.46%
19.44%

7.02%
4.84%
20.77%

6.59%
4.63%
19.24%

6.54%
4.55%
19.52%

6.50%
4.52%
19.61%

6.49%
4.51%
19.85%

5.84%
4.11%
17.75%

5.90%
4.11%
18.40%

5.98%
4.16%
18.78%

6.13%
4.26%
19.46%

5.55%
3.91%
17.38%

30 - 59 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

1.78%
1.09%
5.86%

2.00%
1.23%
6.65%

2.30%
1.53%
7.06%

2.22%
1.48%
6.87%

1.84%
1.24%
5.75%

1.98%
1.30%
6.40%

2.08%
1.37%
6.78%

2.04%
1.33%
6.83%

1.72%
1.12%
5.80%

1.89%
1.22%
6.59%

1.91%
1.24%
6.70%

1.99%
1.28%
7.08%

1.60%
1.04%
5.70%

60 - 89 Days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

0.69%
0.44%
2.14%

0.76%
0.47%
2.48%

0.93%
0.61%
2.91%

0.93%
0.62%
2.89%

0.76%
0.53%
2.27%

0.74%
0.49%
2.38%

0.78%
0.51%
2.58%

0.76%
0.49%
2.56%

0.63%
0.42%
2.05%

0.65%
0.42%
2.25%

0.68%
0.44%
2.38%

0.68%
0.44%
2.43%

0.56%
0.37%
1.91%

60-plus-days Delinquent
Original Credit Score >= 660
Original Credit Score < 660

2.93%
1.98%
8.46%

3.52%
2.40%
10.24%

4.24%
2.93%
12.38%

4.80%
3.35%
13.90%

4.75%
3.39%
13.49%

4.56%
3.25%
13.12%

4.43%
3.15%
12.83%

4.45%
3.18%
13.02%

4.12%
2.98%
11.95%

4.01%
2.90%
11.81%

4.06%
2.93%
12.08%

4.14%
2.98%
12.38%

3.95%
2.87%
11.68%

Serious Delinquency Rate

2.41%

2.89%

3.43%

3.98%

4.13%

3.96%

3.80%

3.84%

3.63%

3.50%

3.51%

3.58%

3.51%

In Bankruptcy

0.22%

0.26%

0.30%

0.33%

0.33%

0.36%

0.41%

0.44%

0.45%

0.48%

0.49%

0.53%

0.52%

Total Loans Serviced


Original Credit Score >= 660
Original Credit Score < 660
Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Percent of Total Loans Serviced


Total Delinquent Loans
Original Credit Score >= 660
Original Credit Score < 660

Page 31

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

2 Enterprises Combined - Foreclosure Prevention Actions (# of loans) 1


1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

100,917
49,369

66,200
140,641
121,496

278,139
182,720
291,825

485,418
170,109
335,090

584,086
159,073
221,592

426,978
121,253
110,771

348,171
159,238
77,344

361,510
152,371
92,627

384,449
89,354
127,982

408,633
122,166
95,613

422,591
128,151
90,995

436,199
99,899
67,458

444,930
96,332
48,011

Completed
Repayment Plans3
Forbearance Plans3
Charge-offs-in-lieu
HomeSaver Advance (Fannie)
Loan Modifications

31,901
5,304
288
20,431
37,069

25,114
4,727
496
11,662
32,287

38,939
5,607
810
4,347
36,722

46,406
9,589
653
2,759
57,569

55,884
17,991
705
2,588
137,561

46,353
20,585
756
1,783
171,176

33,964
13,863
992
794
146,507

49,753
10,585
665
26
119,778

44,827
12,601
348
86,201

45,890
7,713
602
81,214

48,869
7,006
801
83,582

41,972
7,103
512
71,111

44,636
6,248
507
60,348

Home Retention Actions

94,993

74,286

86,425

116,976

214,729

240,653

196,120

180,807

143,977

135,419

140,258

120,698

111,739

Short Sales
Deeds-in-lieu
Nonforeclosure Home Forfeiture Actions

8,054
578

11,705
835

16,586
843

19,102
715

23,379
934

29,375
1,506

29,465
1,728

25,734
1,875

25,705
1,849

29,483
2,727

28,264
2,545

31,785
3,110

30,601
3,759

8,632

12,540

17,429

19,817

24,313

30,881

31,193

27,609

27,554

32,210

30,809

34,895

34,360

103,625

86,826

103,854

136,793

239,042

271,534

227,313

208,416

171,531

167,629

171,067

155,593

146,099

Starts
HAMP Active Trial & Perm. - Cum.
Repayment Plans
Forbearance Plans

Total Foreclosure
Prevention Actions

Percent of Total Foreclosure Prevention Actions


Repayment Plans
Forbearance Plans
Charge-offs-in-lieu
HomeSaver Advance (Fannie)
Loan Modifications

31%
5%
0%
20%
36%

29%
5%
1%
13%
37%

37%
5%
1%
4%
35%

34%
7%
0%
2%
42%

23%
8%
0%
1%
58%

17%
8%
0%
1%
63%

15%
6%
0%
0%
64%

24%
5%
0%
0%
57%

26%
7%
0%
0%
50%

27%
5%
0%
0%
48%

29%
4%
0%
0%
49%

27%
5%
0%
0%
46%

31%
4%
0%
0%
41%

Home Retention Actions

92%

86%

83%

86%

90%

89%

86%

87%

84%

81%

82%

78%

76%

Short Sales
Deeds-in-lieu
Nonforeclosure Home Forfeiture Actions

8%
1%

13%
1%

16%
1%

14%
1%

10%
0%

11%
1%

13%
1%

12%
1%

15%
1%

18%
2%

17%
1%

20%
2%

21%
3%

8%

14%

17%

14%

10%

11%

14%

13%

16%

19%

18%

22%

24%

The number of foreclosure prevention actions reported in this table may not tie to the Enterprises' financial statements due to timing differences in reporting systems.
Forbearance plans initiated include HAMP trials initiated by servicers under the MHA program. In addition, starting in August, forbearance plans initiated include Fannie Mae's HomeSaver forbearance plans. HAMP trial modifications are
based on the first trial payment posted date. HAMP permanent modifications are based on the effective date of modification. As of March 31, 2012, Fannie Mae had completed 253,200 HAMP permanent modifications and Freddie Mac had
completed more than 160,600 HAMP permanent modifications.
3 Includes loans that were 30+ days delinquent at initiation of the plan. In addition, the completed forbearance plans data have been revised to exclude HAMP.
1
2

Page 32

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

3(i) Enterprises Combined - Loan Modifications

Loan Modifications (# of loans)


Principal and Interest Change (%)
Increase
No Change
Decrease <=20%
Decrease 20% <=30%
Decrease > 30%

Type of Modifications (% )
Extend Term Only
Reduce Rate Only
Reduce Rate and Extend Term
Reduce Rate, Extend Term and
Forbear Principal
Other

60+ Days Re-Delinquency (%)


3 Months after Modification
6 Months after Modification
9 Months after Modification

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

37,069

32,287

36,722

57,569

137,561

171,176

146,507

119,778

86,201

81,214

83,582

71,111

60,348

16%
1%
31%
34%
18%

12%
2%
32%
36%
19%

13%
0%
38%
26%
23%

15%
0%
25%
17%
43%

13%
0%
23%
16%
48%

7%
1%
21%
16%
55%

8%
1%
21%
16%
53%

11%
2%
23%
16%
49%

8%
2%
23%
16%
51%

6%
1%
26%
18%
49%

6%
1%
27%
20%
46%

5%
1%
26%
21%
47%

4%
0%
24%
21%
50%

17%
4%
70%

19%
3%
68%

18%
9%
65%

9%
21%
56%

4%
34%
44%

4%
31%
47%

4%
30%
48%

6%
28%
46%

7%
31%
37%

9%
30%
37%

12%
24%
34%

12%
20%
35%

11%
18%
38%

0%

0%

1%

6%

9%

12%

12%

12%

21%

22%

29%

32%

32%

9%

9%

7%

8%

9%

5%

6%

7%

4%

2%

1%

1%

1%

21%
33%
40%

24%
35%
39%

19%
33%
36%

9%
16%
20%

8%
13%
18%

9%
13%
16%

10%
13%
15%

8%
12%
15%

7%
11%
14%

7%
11%
13%

7%
11%

7%

Page 33

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

3(ii) Fannie Mae - Loan Modifications

Loan Modifications (# of loans)

Principal and Interest Change (%)


Increase
No Change
Decrease <=20%
Decrease 20% <=30%
Decrease > 30%

Type of Modifications (%)


Extend Term Only
Reduce Rate Only
Reduce Rate and Extend Term
Reduce Rate, Extend Term and
Forbear Principal
Other

60+ Days Re-Delinquency (%)


3 Months after Modification
6 Months after Modification
9 Months after Modification

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

12,446

16,684

27,686

41,753

93,756

121,693

106,365

81,692

51,043

50,336

60,025

51,936

46,671

15%
0%
35%
28%
21%

10%
3%
35%
29%
23%

9%
0%
35%
28%
27%

14%
0%
24%
17%
46%

13%
0%
22%
16%
49%

6%
0%
19%
16%
58%

8%
1%
19%
16%
56%

11%
1%
19%
15%
54%

6%
2%
20%
15%
57%

3%
1%
24%
18%
54%

3%
0%
27%
22%
48%

3%
1%
26%
23%
48%

2%
0%
24%
23%
51%

13%
10%
67%

12%
5%
73%

10%
11%
72%

6%
24%
55%

1%
40%
36%

1%
35%
41%

1%
35%
42%

2%
35%
38%

2%
34%
37%

5%
32%
37%

10%
22%
34%

11%
17%
36%

12%
15%
39%

0%

0%

2%

9%

14%

17%

16%

18%

24%

25%

33%

36%

35%

10%

9%

5%

7%

10%

5%

5%

7%

4%

1%

0%

0%

0%

19%
36%
47%

18%
33%
41%

21%
36%
39%

9%
17%
22%

9%
15%
21%

9%
15%
17%

11%
14%
16%

9%
13%
17%

8%
12%
15%

8%
12%
14%

8%
11%

7%

Page 34

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

3(iii) Freddie Mac - Loan Modifications

Loan Modifications (# of loans)

Principal and Interest Change (%)


Increase
No Change
Decrease <=20%
Decrease 20% <=30%
Decrease > 30%

Type of Modifications (%)


Extend Term Only
Reduce Rate Only
Reduce Rate and Extend Term
Reduce Rate, Extend Term and
Forbear Principal
Other

60+ Days Re-Delinquency (%)


3 Months after Modification
6 Months after Modification
9 Months after Modification

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

24,623

15,603

9,036

15,816

43,805

49,483

40,142

38,086

35,158

30,878

23,557

19,175

13,677

16%
1%
30%
37%
16%

14%
1%
29%
41%
15%

24%
1%
44%
20%
11%

18%
1%
31%
17%
33%

11%
1%
24%
16%
47%

9%
1%
26%
17%
47%

8%
4%
27%
18%
43%

11%
4%
30%
17%
37%

11%
2%
29%
17%
40%

11%
2%
28%
17%
42%

12%
1%
28%
16%
43%

12%
1%
27%
16%
44%

12%
1%
25%
15%
46%

19%
1%
72%

26%
1%
63%

43%
2%
41%

16%
14%
59%

9%
22%
62%

11%
21%
62%

12%
17%
64%

16%
13%
63%

15%
27%
39%

15%
28%
36%

16%
28%
33%

15%
28%
31%

9%
30%
35%

0%

0%

0%

0%

0%

0%

0%

0%

16%

18%

18%

21%

23%

9%

10%

13%

12%

7%

6%

6%

7%

4%

3%

5%

5%

3%

22%
31%
36%

27%
36%
38%

14%
25%
28%

9%
13%
17%

6%
9%
11%

6%
10%
12%

7%
10%
11%

7%
10%
13%

6%
9%
13%

5%
9%
12%

5%
10%

5%

Page 35

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

4 Enterprises Combined - Home Forfeiture Actions (# of loans)


1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

8,054

11,705

16,586

19,102

23,379

29,375

29,465

25,734

25,705

29,483

28,264

31,785

30,601

578

835

843

715

934

1,506

1,728

1,875

1,849

2,727

2,545

3,110

3,759

8,632

12,540

17,429

19,817

24,313

30,881

31,193

27,609

27,554

32,210

30,809

34,895

34,360

Third-party Sales

1,467

2,789

4,263

4,908

5,171

7,856

11,999

7,886

8,982

14,968

10,902

9,395

9,987

Foreclosure Sales

39,733

54,236

65,375

72,989

92,760

104,497

126,058

68,759

79,123

79,250

68,483

70,635

68,713

41,200

57,025

69,638

77,897

97,931

112,353

138,057

76,645

88,105

94,218

79,385

80,030

78,700

243,824 299,208

254,168

243,485

246,273

275,095

338,957

309,976

259,643

250,858

223,862

218,349

225,889

Short Sales
Deeds-in-lieu
Nonforeclosure Home Forfeiture Actions*

Third-party &
Foreclosure Sales
Foreclosure Starts

Top Five Reasons for Delinquency


Curtailment of Income
Excessive obligations
Unemployment
Illness of principal mortgagor or
family member
Marital Difficulties

35%
19%
8%

40%
18%
9%

40%
16%
8%

41%
13%
8%

47%
13%
8%

48%
14%
8%

48%
14%
8%

46%
14%
8%

44%
14%
8%

43%
14%
8%

41%
15%
8%

40%
16%
8%

40%
15%
8%

6%

6%

5%

5%

5%

5%

5%

5%

5%

5%

5%

5%

5%

3%

3%

3%

3%

3%

3%

3%

3%

3%

3%

4%

4%

4%

* Short sales and deeds-in-lieu of foreclosure completed.

Page 36

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

5(i) Enterprises Combined - Real Estate Owned (# of loans)


1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

Acquisitions

39,362

54,092

65,332

71,938

91,341

103,500

124,402

69,733

78,256

78,485

69,572

72,014

71,505

Dispositions

(40,724)

(48,294)

(49,238)

(54,144)

(58,723)

(75,832)

(74,206)

(76,849)

(94,441)

(100,550)

(83,678)

(75,163)

(77,104)

91,516

97,314

113,408

131,202

163,820

191,488

241,684

234,568

218,383

196,318

182,212

179,063

173,464

Arizona

4,212

4,807

5,296

6,136

7,795

8,212

9,012

5,936

8,484

6,621

4,375

3,181

2,883

California

5,561

8,253

9,465

10,434

12,767

12,455

14,920

9,459

13,380

11,527

7,752

6,938

5,776

Florida

3,117

4,891

6,219

7,226

10,309

13,517

15,710

7,244

4,136

4,875

5,479

6,532

8,546

Nevada

1,939

2,248

3,086

2,462

2,071

3,897

4,177

2,587

3,286

4,032

2,132

1,843

1,637

14,829

20,199

24,066

26,258

32,942

38,081

43,819

25,226

29,286

27,055

19,738

18,494

18,842

Inventory (at period end)

Acquisitions by State

Subtotal
Selected Midwest States *
All other States

6,642

12,032

12,251

13,062

17,645

18,555

20,912

10,534

13,642

11,854

12,209

15,127

17,425

17,891

21,861

29,015

32,618

40,754

46,864

59,671

33,973

35,328

39,576

37,625

38,393

35,238

Total Acquisitions

39,362

54,092

65,332

71,938

91,341

103,500

124,402

69,733

78,256

78,485

69,572

72,014

71,505

Inventory by State
Arizona

7,344

6,992

7,504

8,675

11,305

12,596

15,384

13,332

13,595

10,847

8,063

6,070

5,019

12,839

13,568

15,325

17,585

22,302

24,546

29,722

28,049

29,939

28,116

23,407

19,972

16,777

Florida

5,891

6,796

8,445

10,203

14,305

19,788

26,679

27,746

19,380

13,452

11,793

12,618

15,330

Nevada

3,603

3,540

4,230

4,004

3,631

5,218

6,937

6,164

6,064

6,536

5,307

4,206

3,327

29,677

30,896

35,504

40,467

51,543

62,148

78,722

75,291

68,978

58,951

48,570

42,866

40,453

California

Subtotal
Selected Midwest States *
All other States
Total Inventory

22,434

25,454

28,694

31,875

38,596

43,727

51,829

50,677

48,918

44,506

43,082

45,127

47,309

39,405

40,964

49,210

58,860

73,681

85,613

111,133

108,600

100,487

92,861

90,560

91,070

85,702

91,516

97,314

113,408

131,202

163,820

191,488

241,684

234,568

218,383

196,318

182,212

179,063

173,464

Select Midwest states are Illinois, Indiana, Michigan and Ohio

Page 37

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

5(ii) Fannie Mae - Real Estate Owned (# of loans)


1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

Acquisitions

25,374

32,095

40,959

47,189

61,929

68,838

85,349

45,962

53,549

53,697

45,194

47,256

47,700

Dispositions

(26,541)

(31,851)

(31,299)

(33,309)

(38,095)

(49,517)

(47,872)

(50,260)

(62,814)

(71,202)

(58,297)

(51,344)

(52,071)

Inventory (at period end)

62,371

62,615

72,275

86,155

109,989

129,310

Arizona

2,526

2,879

3,172

4,277

5,374

California

3,719

4,444

5,304

6,098

8,700

Florida

1,680

2,876

4,053

4,673

Nevada

1,210

1,337

1,885

1,643

9,135

11,536

14,414

166,787

162,489

153,224

135,719

122,616

118,528

114,157

5,256

6,023

4,038

5,971

4,858

3,052

2,291

2,246

8,256

10,434

6,661

9,571

8,179

5,197

4,642

3,829

6,556

8,712

10,048

4,312

2,919

3,154

3,405

4,270

5,610

1,451

2,686

3,278

2,003

2,678

3,099

1,467

1,162

1,003

16,691

22,081

24,910

29,783

17,014

21,139

19,290

13,121

12,365

12,688

Acquisitions by State

Subtotal
Selected Midwest States *
All other States

4,643

6,930

7,834

9,057

12,058

12,356

14,314

6,683

8,962

7,316

7,484

10,015

11,657

11,596

13,629

18,711

21,441

27,790

31,572

41,252

22,265

23,448

27,091

24,589

24,876

23,355

Total Acquisitions

25,374

32,095

40,959

47,189

61,929

68,838

85,349

45,962

53,549

53,697

45,194

47,256

47,700

Arizona

4,826

4,354

4,586

5,857

7,779

8,427

10,550

9,400

9,703

7,738

5,703

4,385

3,795

California

8,207

8,078

8,954

10,472

14,476

16,630

20,992

20,164

21,800

20,224

16,759

14,147

11,789

Florida

3,840

4,251

5,537

6,812

9,304

13,179

18,051

18,621

13,871

9,510

8,083

8,677

10,401

Nevada

2,405

2,254

2,659

2,685

2,550

3,668

5,368

4,895

4,858

5,035

3,872

2,833

2,117

19,278

18,937

21,736

25,826

34,109

41,904

54,961

53,080

50,232

42,507

34,417

30,042

28,102

Inventory by State

Subtotal
Selected Midwest States *
All other States
Total Inventory

16,127

16,915

18,680

21,512

26,389

29,945

36,060

35,354

34,311

30,266

28,333

29,614

30,963

26,966

26,763

31,859

38,817

49,491

57,461

75,766

74,055

68,681

62,946

59,866

58,872

55,092

62,371

62,615

72,275

86,155

109,989

129,310

166,787

162,489

153,224

135,719

122,616

118,528

114,157

Select Midwest states are Illinois, Indiana, Michigan and Ohio

Page 38

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: Data Tables

5(iii) Freddie Mac - Real Estate Owned (# of loans)


1Q09
Acquisitions

2Q09

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

13,988

21,997

24,373

24,749

29,412

34,662

39,053

23,771

24,707

24,788

24,378

24,758

23,805

Dispositions

(14,183)

(16,443)

(17,939)

(20,835)

(20,628)

(26,315)

(26,334)

(26,589)

(31,627)

(29,348)

(25,381)

(23,819)

(25,033)

Inventory (at period end)

29,145

34,699

41,133

45,047

53,831

62,178

74,897

72,079

65,159

60,599

59,596

60,535

59,307

Arizona

1,686

1,928

2,124

1,859

2,421

2,956

2,989

1,898

2,513

1,763

1,323

890

637

California

1,842

3,809

4,161

4,336

4,067

4,199

4,486

2,798

3,809

3,348

2,555

2,296

1,947

Florida

1,437

2,015

2,166

2,553

3,753

4,805

5,662

2,932

1,217

1,721

2,074

2,262

2,936

Nevada

729

911

1,201

819

620

1,211

899

584

608

933

665

681

634

5,694

8,663

9,652

9,567

10,861

13,171

14,036

8,212

8,147

7,765

6,617

6,129

6,154

Acquisitions by State

Subtotal
Selected Midwest States *
All other States

1,999

5,102

4,417

4,005

5,587

6,199

6,598

3,851

4,680

4,538

4,725

5,112

5,768

6,295

8,232

10,304

11,177

12,964

15,292

18,419

11,708

11,880

12,485

13,036

13,517

11,883

13,988

21,997

24,373

24,749

29,412

34,662

39,053

23,771

24,707

24,788

24,378

24,758

23,805

Arizona

2,518

2,638

2,918

2,818

3,526

4,169

4,834

3,932

3,892

3,109

2,360

1,685

1,224

California

4,632

5,490

6,371

7,113

7,826

7,916

8,730

7,885

8,139

7,892

6,648

5,825

4,988

Florida

2,051

2,545

2,908

3,391

5,001

6,609

8,628

9,125

5,509

3,942

3,710

3,941

4,929

Nevada

1,198

1,286

1,571

1,319

1,081

1,550

1,569

1,269

1,206

1,501

1,435

1,373

1,210

10,399

11,959

13,768

14,641

17,434

20,244

23,761

22,211

18,746

16,444

14,153

12,824

12,351

Total Acquisitions

Inventory by State

Subtotal
Selected Midwest States *
All other States
Total Inventory

6,307

8,539

10,014

10,363

12,207

13,782

15,769

15,323

14,607

14,240

14,749

15,513

16,346

12,439

14,201

17,351

20,043

24,190

28,152

35,367

34,545

31,806

29,915

30,694

32,198

30,610

29,145

34,699

41,133

45,047

53,831

62,178

74,897

72,079

65,159

60,599

59,596

60,535

59,307

Select Midwest states are Illinois, Indiana, Michigan and Ohio

Page 39

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Enterprises Single-Family Book Profile - As of March 31, 2012
State
AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
2
Other
Total
1
2

Total
Loan Count
57,860
366,851
192,447
725,977
3,577,070
635,535
354,968
65,106
110,135
1,983,493
949,268
132,447
279,538
172,730
1,388,779
599,461
223,000
311,041
299,093
695,050
675,095
115,642
1,049,835
668,449
580,002
152,320
100,069
908,383
44,224
158,621
152,172
901,411
180,383
287,354
1,355,906
1,068,836
250,503
465,654
1,053,186
99,273
443,253
61,530
481,377
1,741,139
296,701
865,335
71,171
840,342
632,042
93,596
50,441
179,599
29,143,693

Total
1,276
21,602
9,652
42,223
155,185
19,300
21,775
3,455
6,304
270,811
62,873
6,291
10,825
8,111
99,926
35,010
9,007
15,704
18,907
36,023
46,252
7,747
51,430
23,377
24,155
10,797
2,950
51,085
825
4,747
7,317
80,551
9,683
29,611
91,457
61,902
11,533
22,473
61,023
6,514
29,903
1,475
24,110
68,174
12,119
30,403
3,134
42,934
23,303
5,204
1,142
20,849
1,722,439

30-59 Days
DLQ1
573
9,754
3,556
11,721
45,345
7,045
6,004
1,023
2,013
36,569
24,294
1,379
3,953
2,490
22,013
11,480
3,754
5,527
7,880
12,338
12,213
2,141
20,315
8,675
10,514
4,718
1,131
19,052
381
2,052
2,923
16,371
2,859
4,686
24,517
18,934
4,571
5,794
20,756
2,001
10,039
585
10,003
32,216
4,013
12,255
1,006
10,006
7,274
2,703
574
7,542
501,531

60-89 Days
DLQ

The top 5 states for the relevant columns are highlighted.


Delinquent Loans (DLQ)

90-179 Days
DLQ

187
3,010
1,126
4,820
17,991
2,404
2,117
349
659
13,118
8,415
488
1,085
892
8,327
3,419
1,067
1,648
2,317
4,060
4,162
701
7,025
3,006
3,426
1,328
333
5,904
86
630
1,011
6,407
934
2,383
8,025
6,264
1,276
2,176
6,517
693
2,986
183
3,023
9,177
1,475
3,897
312
4,032
2,314
735
150
2,974
171,044

175
3,174
1,288
7,952
25,024
2,998
2,480
409
791
22,155
10,541
736
1,257
1,277
11,565
3,969
1,136
1,834
2,301
4,903
5,573
797
8,909
4,066
3,887
1,457
401
6,947
89
691
1,068
8,126
1,058
4,402
9,154
7,556
1,312
3,295
7,181
879
3,266
149
3,667
9,034
1,976
4,739
297
6,441
3,008
643
165
5,908
222,106

180-364 Days
DLQ
177
2,980
1,527
10,591
32,713
4,026
3,424
483
1,106
37,297
10,499
999
1,748
1,937
18,617
5,754
1,493
2,417
2,814
5,684
7,131
1,010
8,475
4,342
3,619
1,565
522
8,133
101
819
1,191
11,160
1,533
7,662
11,418
11,461
1,970
4,724
9,004
1,064
4,739
238
3,886
8,970
2,568
4,643
449
9,401
4,601
579
128
1,791
285,183

365+ Days
DLQ
164
2,684
2,155
7,139
34,112
2,827
7,750
1,191
1,735
161,672
9,124
2,689
2,782
1,515
39,404
10,388
1,557
4,278
3,595
9,038
17,173
3,098
6,706
3,288
2,709
1,729
563
11,049
168
555
1,124
38,487
3,299
10,478
38,343
17,687
2,404
6,484
17,565
1,877
8,873
320
3,531
8,777
2,087
4,869
1,070
13,054
6,106
544
125
2,634
542,575

Serious
Delinquent
(90+ FC In)
518
8,874
4,982
25,722
91,977
9,866
13,671
2,085
3,636
221,299
30,230
4,427
5,796
4,742
69,672
20,181
4,205
8,544
8,733
19,667
29,909
4,916
24,193
11,732
10,242
4,761
1,489
26,217
359
2,075
3,394
57,827
5,903
22,561
59,002
36,787
5,703
14,520
33,831
3,831
16,914
708
11,108
26,875
6,642
14,287
1,818
28,918
13,751
1,777
420
10,408
1,051,705

Serious
Delinquent
(90+ FC In) Rates

% of DLQ Loans
> =365 Days DLQ

0.9%
2.4%
2.6%
3.5%
2.6%
1.6%
3.9%
3.2%
3.3%
11.2%
3.2%
3.3%
2.1%
2.7%
5.0%
3.4%
1.9%
2.7%
2.9%
2.8%
4.4%
4.3%
2.3%
1.8%
1.8%
3.1%
1.5%
2.9%
0.8%
1.3%
2.2%
6.4%
3.3%
7.9%
4.4%
3.4%
2.3%
3.1%
3.2%
3.9%
3.8%
1.2%
2.3%
1.5%
2.2%
1.7%
2.6%
3.4%
2.2%
1.9%
0.8%
5.8%
3.6%

12.9%
12.4%
22.3%
16.9%
22.0%
14.6%
35.6%
34.5%
27.5%
59.7%
14.5%
42.7%
25.7%
18.7%
39.4%
29.7%
17.3%
27.2%
19.0%
25.1%
37.1%
40.0%
13.0%
14.1%
11.2%
16.0%
19.1%
21.6%
20.4%
11.7%
15.4%
47.8%
34.1%
35.4%
41.9%
28.6%
20.8%
28.9%
28.8%
28.8%
29.7%
21.7%
14.6%
12.9%
17.2%
16.0%
34.1%
30.4%
26.2%
10.5%
10.9%
12.6%
31.5%

REO
Inventory
165
2,555
360
5,019
16,777
2,823
842
86
558
15,330
10,249
352
1,165
859
14,557
3,567
1,396
1,512
1,559
3,042
2,000
316
20,953
8,457
3,663
1,052
387
4,819
58
486
1,128
853
1,054
3,327
799
8,232
1,222
2,440
3,225
754
2,287
235
3,502
6,359
1,152
3,276
117
3,458
3,963
588
326
203
173,464

Includes other loans that cannot be categorized due to missing attributes.


Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.

Page 40

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Fannie Mae Single-Family Book Profile - As of March 31, 2012
Delinquent Loans (DLQ)
State
AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
2
Other
Total

Total
Loan Count
31,397
238,967
125,881
446,558
2,346,587
396,442
222,014
43,255
66,852
1,243,254
559,123
91,462
165,257
100,156
800,761
311,707
120,170
148,947
205,988
434,042
405,349
64,536
596,405
339,700
332,344
112,742
62,942
518,758
23,952
96,654
88,752
567,889
111,959
177,993
841,737
606,784
154,343
273,402
634,547
61,458
264,186
39,645
303,210
1,111,469
169,723
526,860
36,037
520,826
381,016
53,438
34,048
106,888
17,718,412

Total
827
14,273
6,179
24,594
93,173
11,999
14,416
2,219
4,048
172,636
37,533
4,106
7,023
4,855
60,772
21,531
5,534
9,248
12,933
23,220
28,236
5,018
31,155
13,175
14,713
7,772
1,834
31,251
487
3,165
4,618
52,573
5,942
16,923
58,309
38,435
7,396
13,635
39,431
4,192
18,666
941
15,401
43,574
7,081
18,695
1,935
26,590
14,227
3,001
790
10,027
1,070,307

30-59 Days
DLQ
362
6,408
2,375
7,338
29,519
4,489
3,962
681
1,271
23,550
14,599
933
2,631
1,473
13,034
6,901
2,261
3,058
5,463
8,123
7,508
1,389
12,560
4,884
6,456
3,468
719
11,587
223
1,340
1,855
10,800
1,741
2,902
15,571
11,617
2,911
3,561
13,223
1,279
6,265
378
6,416
20,741
2,359
7,415
602
6,284
4,438
1,540
413
4,169
315,045

60-89 Days
DLQ
120
1,965
718
2,881
11,167
1,485
1,446
214
427
8,027
5,027
309
685
512
4,812
1,998
653
911
1,559
2,681
2,506
433
4,160
1,643
2,070
966
194
3,541
55
417
616
4,195
534
1,458
5,093
3,807
798
1,363
4,161
450
1,861
119
1,882
5,629
862
2,362
180
2,512
1,374
410
91
1,669
105,008

90-179 Days
DLQ
117
2,131
859
4,707
15,626
1,846
1,658
280
530
14,378
6,449
503
758
746
6,967
2,383
686
1,008
1,598
3,174
3,504
518
5,528
2,270
2,449
1,055
245
4,268
43
457
662
5,371
681
2,741
5,893
4,702
855
1,952
4,721
573
2,054
91
2,368
5,833
1,149
2,920
179
3,991
1,788
397
114
1,396
137,172

180-364 Days
DLQ
113
2,000
970
5,903
19,394
2,442
2,299
323
701
23,797
6,197
644
1,094
1,165
10,901
3,446
932
1,389
1,904
3,604
4,418
658
5,070
2,443
2,195
1,093
319
4,861
42
564
778
7,213
944
4,549
7,411
7,019
1,244
2,855
5,819
680
2,913
145
2,509
5,812
1,469
2,840
269
5,722
2,803
344
84
1,096
175,399

365+ Days
DLQ
115
1,769
1,257
3,765
17,467
1,737
5,051
721
1,119
102,884
5,261
1,717
1,855
959
25,058
6,803
1,002
2,882
2,409
5,638
10,300
2,020
3,837
1,935
1,543
1,190
357
6,994
124
387
707
24,994
2,042
5,273
24,341
11,290
1,588
3,904
11,507
1,210
5,573
208
2,226
5,559
1,242
3,158
705
8,081
3,824
310
88
1,697
337,683

Serious
Delinquent
(90+ FC In)

Serious
Delinquent
(90+ FC In) Rates

% of DLQ Loans
> =365 Days DLQ

1.1%
2.5%
2.5%
3.2%
2.2%
1.5%
4.1%
3.1%
3.5%
11.4%
3.2%
3.1%
2.2%
2.9%
5.4%
4.1%
2.2%
3.5%
2.9%
2.9%
4.5%
5.0%
2.4%
2.0%
1.9%
3.0%
1.5%
3.1%
0.9%
1.5%
2.4%
6.6%
3.3%
7.1%
4.5%
3.8%
2.4%
3.2%
3.5%
4.0%
4.0%
1.1%
2.3%
1.6%
2.3%
1.7%
3.2%
3.4%
2.2%
2.0%
0.8%
3.9%
3.7%

13.9%
12.4%
20.3%
15.3%
18.7%
14.5%
35.0%
32.5%
27.6%
59.6%
14.0%
41.8%
26.4%
19.8%
41.2%
31.6%
18.1%
31.2%
18.6%
24.3%
36.5%
40.3%
12.3%
14.7%
10.5%
15.3%
19.5%
22.4%
25.5%
12.2%
15.3%
47.5%
34.4%
31.2%
41.7%
29.4%
21.5%
28.6%
29.2%
28.9%
29.9%
22.1%
14.5%
12.8%
17.5%
16.9%
36.4%
30.4%
26.9%
10.3%
11.1%
16.9%
31.6%

346
5,909
3,091
14,386
52,516
6,031
9,015
1,324
2,352
141,163
17,929
2,865
3,712
2,875
42,953
12,657
2,631
5,280
5,917
12,431
18,234
3,204
14,476
6,657
6,197
3,342
923
16,137
209
1,410
2,150
37,599
3,669
12,574
37,667
23,039
3,694
8,718
22,084
2,468
10,555
445
7,113
17,239
3,861
8,928
1,154
17,805
8,423
1,053
286
4,222
650,918

REO
Inventory
97
1,732
269
3,795
11,789
1,670
598
69
342
10,401
6,451
199
718
520
8,881
2,632
860
947
1,052
2,053
1,521
218
13,953
4,662
2,216
791
269
3,142
30
335
697
726
645
2,117
593
5,497
804
1,483
2,385
430
1,560
168
2,370
4,228
615
2,239
88
2,100
2,448
376
234
142
114,157

1 Conventional
2

Delinquency Subset: Excludes government, current month MBS liquidations, and loans with current month missing or erroneous performance data .
Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.

Page 41

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Freddie Mac Single-Family Book Profile - As of March 31, 2012
Delinquent Loans (DLQ)
State
AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
2
Other
Total
1 Includes
2

Total
Loan Count
26,463
127,884
66,566
279,419
1,230,483
239,093
132,954
21,851
43,283
740,239
390,145
40,985
114,281
72,574
588,018
287,754
102,830
162,094
93,105
261,008
269,746
51,106
453,430
328,749
247,658
39,578
37,127
389,625
20,272
61,967
63,420
333,522
68,424
109,361
514,169
462,052
96,160
192,252
418,639
37,815
179,067
21,885
178,167
629,670
126,978
338,475
35,134
319,516
251,026
40,158
16,393
72,711
11,425,281

Total
449
7,329
3,473
17,629
62,012
7,301
7,359
1,236
2,256
98,175
25,340
2,185
3,802
3,256
39,154
13,479
3,473
6,456
5,974
12,803
18,016
2,729
20,275
10,202
9,442
3,025
1,116
19,834
338
1,582
2,699
27,978
3,741
12,688
33,148
23,467
4,137
8,838
21,592
2,322
11,237
534
8,709
24,600
5,038
11,708
1,199
16,344
9,076
2,203
352
10,822
652,132

30-59 Days
1
DLQ
211
3,346
1,181
4,383
15,826
2,556
2,042
342
742
13,019
9,695
446
1,322
1,017
8,979
4,579
1,493
2,469
2,417
4,215
4,705
752
7,755
3,791
4,058
1,250
412
7,465
158
712
1,068
5,571
1,118
1,784
8,946
7,317
1,660
2,233
7,533
722
3,774
207
3,587
11,475
1,654
4,840
404
3,722
2,836
1,163
161
3,373
186,486

60-89 Days
DLQ
67
1,045
408
1,939
6,824
919
671
135
232
5,091
3,388
179
400
380
3,515
1,421
414
737
758
1,379
1,656
268
2,865
1,363
1,356
362
139
2,363
31
213
395
2,212
400
925
2,932
2,457
478
813
2,356
243
1,125
64
1,141
3,548
613
1,535
132
1,520
940
325
59
1,305
66,036

90-179 Days
DLQ
58
1,043
429
3,245
9,398
1,152
822
129
261
7,777
4,092
233
499
531
4,598
1,586
450
826
703
1,729
2,069
279
3,381
1,796
1,438
402
156
2,679
46
234
406
2,755
377
1,661
3,261
2,854
457
1,343
2,460
306
1,212
58
1,299
3,201
827
1,819
118
2,450
1,220
246
51
4,512
84,934

180-364 Days
DLQ
64
980
557
4,688
13,319
1,584
1,125
160
405
13,500
4,302
355
654
772
7,716
2,308
561
1,028
910
2,080
2,713
352
3,405
1,899
1,424
472
203
3,272
59
255
413
3,947
589
3,113
4,007
4,442
726
1,869
3,185
384
1,826
93
1,377
3,158
1,099
1,803
180
3,679
1,798
235
44
695
109,784

Serious
Delinquent
(90+ FC In)

365+ Days
DLQ
49
915
898
3,374
16,645
1,090
2,699
470
616
58,788
3,863
972
927
556
14,346
3,585
555
1,396
1,186
3,400
6,873
1,078
2,869
1,353
1,166
539
206
4,055
44
168
417
13,493
1,257
5,205
14,002
6,397
816
2,580
6,058
667
3,300
112
1,305
3,218
845
1,711
365
4,973
2,282
234
37
937
204,892

172
2,965
1,891
11,336
39,461
3,835
4,656
761
1,284
80,136
12,301
1,562
2,084
1,867
26,719
7,524
1,574
3,264
2,816
7,236
11,675
1,712
9,717
5,075
4,045
1,419
566
10,080
150
665
1,244
20,228
2,234
9,987
21,335
13,748
2,009
5,802
11,747
1,363
6,359
263
3,995
9,636
2,781
5,359
664
11,113
5,328
724
134
6,186
400,787

Serious
Delinquent
(90+ FC In) Rates

% of DLQ Loans
> =365 Days DLQ

0.6%
2.3%
2.8%
4.1%
3.2%
1.6%
3.5%
3.5%
3.0%
10.8%
3.2%
3.8%
1.8%
2.6%
4.5%
2.6%
1.5%
2.0%
3.0%
2.8%
4.3%
3.3%
2.1%
1.5%
1.6%
3.6%
1.5%
2.6%
0.7%
1.1%
2.0%
6.1%
3.3%
9.1%
4.1%
3.0%
2.1%
3.0%
2.8%
3.6%
3.6%
1.2%
2.2%
1.5%
2.2%
1.6%
1.9%
3.5%
2.1%
1.8%
0.8%
8.5%
3.5%

10.9%
12.5%
25.9%
19.1%
26.8%
14.9%
36.7%
38.0%
27.3%
59.9%
15.2%
44.5%
24.4%
17.1%
36.6%
26.6%
16.0%
21.6%
19.9%
26.6%
38.1%
39.5%
14.2%
13.3%
12.3%
17.8%
18.5%
20.4%
13.0%
10.6%
15.5%
48.2%
33.6%
41.0%
42.2%
27.3%
19.7%
29.2%
28.1%
28.7%
29.4%
21.0%
15.0%
13.1%
16.8%
14.6%
30.4%
30.4%
25.1%
10.6%
10.5%
8.7%
31.4%

REO
Inventory
68
823
91
1,224
4,988
1,153
244
17
216
4,929
3,798
153
447
339
5,676
935
536
565
507
989
479
98
7,000
3,795
1,447
261
118
1,677
28
151
431
127
409
1,210
206
2,735
418
957
840
324
727
67
1,132
2,131
537
1,037
29
1,358
1,515
212
92
61
59,307

other loans that cannot be categorized due to missing attributes.


Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available. The 11,214 can be reconciled to AAA Wrapped T-Deal loans for which loan level data are not available.

Page 42

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Enterprises Foreclosure Prevention Actions by State - March 31, 2012
2011
State

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications

AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
Other 3
Total

353
4,155
1,377
3,740
14,175
3,038
2,300
444
760
11,456
7,694
655
1,685
1,066
7,393
5,344
1,668
2,535
3,311
3,940
4,567
981
7,770
3,262
4,417
1,794
547
6,589
134
742
1,090
5,773
1,082
1,430
7,321
7,008
1,940
1,884
7,681
702
3,362
223
4,043
14,260
1,893
4,685
479
3,452
2,948
929
308
513
180,898

43
534
181
1,355
4,909
566
564
79
140
3,667
1,884
178
236
250
2,050
580
201
319
374
1,062
1,180
160
1,739
743
652
189
75
1,304
55
102
224
1,323
190
685
1,641
1,099
204
717
1,281
219
676
32
624
1,566
435
961
83
844
561
139
51
362
39,288

164
2,678
1,075
12,307
52,499
4,134
3,904
621
1,210
43,190
14,651
1,219
1,521
1,715
19,323
4,511
1,196
1,767
2,708
7,735
10,105
1,247
11,811
5,638
3,695
1,459
541
7,567
84
665
1,616
11,656
1,457
7,282
14,509
8,823
1,125
3,867
7,913
1,551
4,199
217
3,596
9,187
3,480
6,880
427
7,345
3,860
688
215
1,680
322,517

Conservatorship to Date 1

1Q12

18
5
24
18
3
7
2
3
79
98
2
21
3
93
171
7
29
9
4
2
942
5
45
15
20
3
9
5
25
402
14
6
32
21
2
39
40
3
10
4
9
16
3
(5)
2,263

Short Sales
& Deeds-inlieu
32
423
256
11,469
22,527
1,559
731
93
248
29,738
2,645
493
351
1,276
5,857
1,058
354
428
311
1,710
2,381
349
6,451
2,389
874
244
206
1,406
18
123
336
2,675
455
6,398
1,668
2,237
258
2,033
1,277
375
1,515
43
836
1,342
1,613
2,324
47
2,677
989
151
65
21
125,335

Total
592
7,808
2,894
28,895
94,128
9,300
7,506
1,239
2,361
88,130
26,972
2,547
3,814
4,310
34,716
11,664
3,426
5,078
6,713
14,451
18,235
2,737
28,713
12,037
9,683
3,701
1,369
16,886
291
1,635
3,266
21,436
3,184
15,800
25,164
19,569
3,541
8,507
18,184
2,847
9,773
517
9,138
26,395
7,424
14,860
1,040
14,327
8,374
1,910
639
2,571
670,301

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications
69
1,074
386
783
3,073
716
596
109
201
2,523
1,918
188
421
264
1,854
1,393
432
677
886
1,080
1,010
236
1,648
745
1,085
488
130
1,740
46
181
258
1,402
313
244
1,978
1,880
438
488
2,133
200
841
70
1,003
3,610
493
1,058
111
865
755
273
76
189
44,630

5
90
32
193
845
101
139
15
20
864
314
33
52
40
475
138
36
72
64
202
248
34
311
139
111
47
9
250
19
21
38
342
42
103
397
214
35
177
285
30
198
2
119
295
75
153
9
174
108
30
4
67
7,816

35
569
220
1,816
8,303
718
967
136
239
8,206
2,522
224
341
301
3,808
897
203
351
531
1,485
1,981
278
1,997
902
657
274
82
1,505
20
151
282
2,692
264
1,110
3,650
1,688
256
737
1,805
279
870
47
646
1,722
573
1,101
104
1,473
731
121
27
451
60,348

10
1
3
2
2
1
2
24
19
2
27
50
12
2
5
2
173
1
23
8
6
1
1
3
14
77
1
2
12
1
5
11
14
1
4
1
3
(19)
507

Short Sales
& Deeds-inlieu
13
104
83
3,179
6,053
388
213
31
87
7,888
771
127
104
328
1,909
314
93
129
103
440
783
101
1,556
587
259
40
51
434
12
48
93
783
140
1,767
482
672
69
562
409
97
369
13
190
337
455
515
13
846
285
37
20
9
34,391

Total
122
1,847
722
5,974
18,276
1,925
1,915
292
549
19,505
5,544
572
920
933
8,073
2,792
764
1,241
1,586
3,207
4,027
651
5,685
2,374
2,135
857
272
3,935
97
402
672
5,222
759
3,224
6,521
4,531
799
1,966
4,644
607
2,283
132
1,969
5,978
1,597
2,831
238
3,358
1,882
461
127
697
147,692

Short Sales
Repayment Forbearance
Loan
Other 2 & Deeds-inPlans
Plans
Modifications
lieu
949
110
703
43
120
12,009
1,625
11,052
1,051
1,242
4,400
773
4,337
413
873
11,496
4,845
51,438
1,316
29,350
40,737
16,006
178,177
2,824
60,659
9,034
2,004
15,971
664
4,930
6,763
1,565
13,885
509
1,847
1,217
205
2,313
100
235
2,166
436
4,165
184
649
35,804
12,919
136,312
3,759
76,164
22,033
5,924
51,524
2,333
6,892
1,972
524
4,253
70
1,286
5,096
819
6,054
611
1,035
3,108
742
5,656
258
3,303
22,353
6,866
63,189
2,040
14,382
16,453
2,073
17,555
1,819
3,201
5,044
679
4,602
414
966
7,325
1,002
7,021
480
1,230
9,912
1,797
9,734
1,062
920
11,677
3,170
27,261
1,013
5,118
13,238
3,503
34,915
1,157
6,147
2,818
460
4,079
242
980
24,640
5,821
45,851
5,802
18,552
9,625
2,664
22,762
951
6,498
12,921
2,253
15,471
1,253
2,993
5,159
765
5,863
522
595
1,515
263
1,984
96
505
19,397
4,055
29,462
1,543
3,395
415
141
423
50
66
2,464
388
2,766
300
456
3,220
746
5,990
247
1,087
16,936
4,194
39,715
1,259
6,865
3,335
609
4,923
243
1,137
4,294
2,283
25,859
437
16,441
21,550
5,410
45,913
1,554
4,270
21,883
3,970
35,299
3,156
6,761
6,000
777
4,773
527
772
5,438
1,839
13,882
432
4,835
22,845
4,134
29,110
1,746
3,404
2,101
578
5,144
166
1,178
9,952
2,145
16,056
1,010
3,439
667
113
821
87
148
11,789
1,985
13,565
952
2,126
41,943
7,406
37,006
3,608
4,568
5,513
1,338
12,271
364
4,588
13,291
3,034
26,716
1,038
7,518
1,268
194
1,393
106
145
10,854
2,654
24,232
770
6,894
8,538
1,720
13,846
802
2,844
2,839
463
2,745
189
410
838
159
833
56
163
1,142
908
4,323
224
44
537,974
131,059
1,143,198 51,852
334,226

Since the first full quarter in conservatorship (4Q08). Freddie Mac's data excludes repayment and forbearance plans completed in 4Q08 and 2009. Fannie Mae's data excludes
HomeSaver Advance, charge-offs-in-lieu, short sales and deeds-in-lieu completed in 4Q08.
of HomeSaver Advance (Fannie Mae) and Charge-offs-in-lieu.
3 Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.
1

2 Consists

Page 43

Total
1,925
26,979
10,796
98,445
298,403
32,603
24,569
4,070
7,599
264,957
88,707
8,105
13,615
13,067
108,830
41,101
11,705
17,058
23,425
48,240
58,961
8,580
100,666
42,501
34,891
12,904
4,363
57,852
1,095
6,374
11,291
68,968
10,247
49,315
78,698
71,070
12,849
26,426
61,239
9,167
32,602
1,836
30,417
94,531
24,074
51,596
3,106
45,404
27,750
6,647
2,049
6,641
2,198,309

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Fannie Mae Foreclosure Prevention Actions by State - March 31, 2012
2011
State

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications

AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
Other 3
Total
1

316
3,494
1,162
2,970
11,646
2,564
1,908
390
634
9,452
5,878
594
1,384
869
5,825
4,153
1,330
2,115
2,787
3,180
3,609
830
6,325
2,570
3,643
1,581
470
5,313
114
619
884
4,738
888
1,195
5,931
5,530
1,636
1,526
6,251
556
2,666
183
3,379
12,050
1,563
3,715
398
2,797
2,484
753
261
368
147,477

24
348
113
718
2,246
329
320
43
86
1,764
845
85
130
132
812
324
113
185
214
543
546
90
817
312
362
135
46
743
26
61
97
714
110
334
812
604
138
364
664
125
300
14
367
970
215
427
42
417
344
77
39
86
19,772

99
1,872
744
7,904
32,486
2,683
2,753
404
843
31,415
9,285
791
1,043
1,157
12,473
3,077
790
1,069
1,970
4,997
6,686
883
7,647
3,420
2,350
1,124
363
4,975
54
502
1,047
8,075
969
4,601
10,003
5,863
786
2,467
5,525
996
2,853
154
2,486
6,207
2,013
4,391
279
4,779
2,511
413
152
914
213,343

Conservatorship to Date 1

1Q12

2
2
4
1
1
3
2
1
2
(1)
2
2
1
(1)
2
2
1
2
(6)
22

Short Sales
& Deeds-inlieu
23
307
159
6,884
12,979
1,011
516
58
172
19,523
1,593
317
240
791
3,954
754
242
299
225
1,114
1,552
234
4,070
1,399
556
187
159
951
11
85
212
1,906
301
3,797
1,117
1,601
173
1,223
860
244
1,046
36
574
835
909
1,398
37
1,724
657
90
48
19
79,172

Total
462
6,023
2,178
18,476
59,359
6,587
5,497
895
1,735
62,154
17,605
1,788
2,798
2,949
23,067
8,310
2,475
3,669
5,198
9,834
12,392
2,037
18,861
7,701
6,913
3,028
1,038
11,982
205
1,267
2,240
15,433
2,268
9,927
17,863
13,597
2,733
5,580
13,302
1,921
6,865
387
6,808
20,063
4,700
9,933
756
9,717
5,996
1,333
500
1,381
459,786

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications
61
852
303
558
2,289
581
473
75
161
1,897
1,328
159
338
201
1,319
1,023
318
520
718
837
748
201
1,243
514
847
413
102
1,310
37
133
201
1,109
253
185
1,558
1,402
348
379
1,640
144
621
57
788
2,916
378
800
89
639
587
213
62
127
34,055

5
58
24
79
374
63
92
9
14
496
122
22
36
18
237
86
26
49
46
126
123
20
132
63
47
39
7
144
5
11
18
199
26
62
224
106
20
122
172
18
84
1
61
157
43
69
5
94
62
16
4
24
4,160

27
494
192
1,364
5,808
542
774
117
191
6,482
1,862
190
292
231
2,886
742
167
287
438
1,182
1,567
221
1,520
672
528
248
57
1,209
14
132
206
2,200
213
825
2,863
1,383
220
569
1,520
219
708
38
502
1,346
428
830
79
1,105
570
95
23
293
46,671

(1)
1
(1)
1
1
(19)
(18)

Short Sales
& Deeds-inlieu
11
81
61
1,921
3,465
259
150
24
63
5,270
471
81
74
209
1,267
221
73
92
75
300
517
80
986
329
179
36
36
303
9
37
60
557
100
1,083
310
521
54
356
291
67
254
10
125
228
270
342
10
570
210
26
14
8
22,146

Total
104
1,485
580
3,922
11,935
1,445
1,489
225
429
14,145
3,783
452
740
659
5,709
2,072
584
948
1,277
2,445
2,955
522
3,882
1,578
1,601
736
202
2,966
65
313
485
4,065
592
2,155
4,955
3,411
642
1,426
3,624
448
1,667
106
1,477
4,647
1,119
2,041
183
2,408
1,429
350
103
433
107,014

Short Sales
Repayment Forbearance
Loan
Other 2 & Deeds-inPlans
Plans
Modifications
lieu
879
70
455
42
86
10,470
1,177
8,035
1,001
913
3,898
604
3,025
406
604
9,722
2,423
33,444
1,278
17,816
35,074
7,141
115,329
2,774
36,561
7,987
1,217
10,449
655
3,183
5,890
950
10,002
501
1,331
1,067
122
1,631
94
155
1,859
277
2,877
176
463
31,012
7,012
96,143
3,602
50,241
18,134
3,257
34,269
2,116
4,351
1,820
281
2,939
69
830
4,451
540
4,114
567
723
2,707
433
3,798
254
2,165
18,843
3,041
41,175
1,841
9,531
13,776
1,347
11,334
1,355
2,195
4,290
455
2,988
397
663
6,327
655
4,305
416
840
8,643
1,424
7,159
1,026
682
10,048
1,821
18,479
1,003
3,477
11,192
1,769
23,393
1,142
3,983
2,471
287
2,887
240
714
21,249
3,068
29,340
2,797
11,854
8,138
1,214
13,610
938
3,859
11,153
1,450
10,341
1,145
1,979
4,658
578
4,561
495
480
1,330
173
1,351
96
371
16,631
2,390
19,599
1,494
2,297
361
86
276
50
42
2,201
252
1,968
293
319
2,768
387
3,907
245
713
14,567
2,413
28,147
1,235
4,868
2,892
391
3,453
240
774
3,775
1,090
16,730
431
10,338
18,478
2,853
32,554
1,467
2,852
18,501
2,451
22,821
2,073
4,786
5,282
552
3,367
507
543
4,710
987
9,265
419
3,027
19,533
2,551
20,247
1,669
2,296
1,740
331
3,449
164
792
8,385
1,178
11,023
971
2,374
579
69
568
84
123
10,317
1,295
9,368
875
1,481
36,955
5,656
26,228
3,511
3,148
4,825
645
7,770
357
2,741
11,218
1,602
17,673
1,017
4,812
1,083
99
940
99
111
9,331
1,425
16,426
753
4,540
7,516
1,050
9,002
774
1,912
2,434
274
1,717
182
245
740
129
602
56
122
858
351
2,798
223
35
462,768
73,293
767,331 45,615
215,341

Since the first full quarter in conservatorship (4Q08). The state level data for HomeSaver Advance, charge-offs-in-lieu, short sales and deeds-in-lieu are not available for 4Q08 .
of HomeSaver Advance (Fannie Mae) and Charge-offs-in-lieu.
of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.

2 Consists
3 Consists

Page 44

Total
1,532
21,596
8,537
64,683
196,879
23,491
18,674
3,069
5,652
188,010
62,127
5,939
10,395
9,357
74,431
30,007
8,793
12,543
18,934
34,828
41,479
6,599
68,308
27,759
26,068
10,772
3,321
42,411
815
5,033
8,020
51,230
7,750
32,364
58,204
50,632
10,251
18,408
46,296
6,476
23,931
1,423
23,336
75,498
16,338
36,322
2,332
32,475
20,254
4,852
1,649
4,265
1,564,348

Federal Housing Finance Agency

Foreclosure Prevention Report


First Quarter 2012

Appendix: State Level Data


Freddie Mac Foreclosure Prevention Actions by State - March 31, 2012
2011
State

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications

AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
Other3
Total

37
661
215
770
2,529
474
392
54
126
2,004
1,816
61
301
197
1,568
1,191
338
420
524
760
958
151
1,445
692
774
213
77
1,276
20
123
206
1,035
194
235
1,390
1,478
304
358
1,430
146
696
40
664
2,210
330
970
81
655
464
176
47
145
33,421

19
186
68
637
2,663
237
244
36
54
1,903
1,039
93
106
118
1,238
256
88
134
160
519
634
70
922
431
290
54
29
561
29
41
127
609
80
351
829
495
66
353
617
94
376
18
257
596
220
534
41
427
217
62
12
276
19,516

65
806
331
4,403
20,013
1,451
1,151
217
367
11,775
5,366
428
478
558
6,850
1,434
406
698
738
2,738
3,419
364
4,164
2,218
1,345
335
178
2,592
30
163
569
3,581
488
2,681
4,506
2,960
339
1,400
2,388
555
1,346
63
1,110
2,980
1,467
2,489
148
2,566
1,349
275
63
766
109,174

Conservatorship to Date 1

1Q12

16
5
24
16
3
7
2
3
79
94
1
20
3
90
169
7
28
7
4
3
940
5
43
14
20
3
9
5
25
403
14
6
30
21
2
37
39
3
8
4
9
16
3
1
2,241

Short Sales
& Deeds-inlieu
9
116
97
4,585
9,548
548
215
35
76
10,215
1,052
176
111
485
1,903
304
112
129
86
596
829
115
2,381
990
318
57
47
455
7
38
124
769
154
2,601
551
636
85
810
417
131
469
7
262
507
704
926
10
953
332
61
17
2
46,163

Total
130
1,785
716
10,419
34,769
2,713
2,009
344
626
25,976
9,367
759
1,016
1,361
11,649
3,354
951
1,409
1,515
4,617
5,843
700
9,852
4,336
2,770
673
331
4,904
86
368
1,026
6,003
916
5,873
7,301
5,972
808
2,927
4,882
926
2,908
130
2,330
6,332
2,724
4,927
284
4,610
2,378
577
139
1,190
210,515

Repayment Forbearance
Loan
Other 2
Plans
Plans
Modifications
8
222
83
225
784
135
123
34
40
626
590
29
83
63
535
370
114
157
168
243
262
35
405
231
238
75
28
430
9
48
57
293
60
59
420
478
90
109
493
56
220
13
215
694
115
258
22
226
168
60
14
62
10,575

32
8
114
471
38
47
6
6
368
192
11
16
22
238
52
10
23
18
76
125
14
179
76
64
8
2
106
14
10
20
143
16
41
173
108
15
55
113
12
114
1
58
138
32
84
4
80
46
14
43
3,656

8
75
28
452
2,495
176
193
19
48
1,724
660
34
49
70
922
155
36
64
93
303
414
57
477
230
129
26
25
296
6
19
76
492
51
285
787
305
36
168
285
60
162
9
144
376
145
271
25
368
161
26
4
158
13,677

10
1
3
3
2
1
2
24
19
2
27
50
12
2
5
2
172
1
23
8
6
1
1
3
14
78
1
2
11
1
5
10
14
1
4
1
3
525

Short Sales
& Deeds-inlieu
2
23
22
1,258
2,588
129
63
7
24
2,618
300
46
30
119
642
93
20
37
28
140
266
21
570
258
80
4
15
131
3
11
33
226
40
684
172
151
15
206
118
30
115
3
65
109
185
173
3
276
75
11
6
1
12,245

Total
18
362
142
2,052
6,341
480
426
67
120
5,360
1,761
120
180
274
2,364
720
180
293
309
762
1,072
129
1,803
796
534
121
70
969
32
89
187
1,157
167
1,069
1,566
1,120
157
540
1,020
159
616
26
492
1,331
478
790
55
950
453
111
24
264
40,678

Since the first full quarter in conservatorship (4Q08). The state level data for repayment plans and forbearance plans are not available for 1Q08 and 2009.
of HomeSaver Advance (Fannie Mae) and Charge-offs-in-lieu.
3 Consists of Guam, Puerto Rico, Virgin Islands and other loans for which data are not available.

Short Sales
Repayment Forbearance
Loan
Other 2 & Deeds-inPlans
Plans
Modifications
lieu
70
1,539
502
1,774
5,663
1,047
873
150
307
4,792
3,899
152
645
401
3,510
2,677
754
998
1,269
1,629
2,046
347
3,391
1,487
1,768
501
185
2,766
54
263
452
2,369
443
519
3,072
3,382
718
728
3,312
361
1,567
88
1,472
4,988
688
2,073
185
1,523
1,022
405
98
284
75,206

40
448
169
2,422
8,865
787
615
83
159
5,907
2,667
243
279
309
3,825
726
224
347
373
1,349
1,734
173
2,753
1,450
803
187
90
1,665
55
136
359
1,781
218
1,193
2,557
1,519
225
852
1,583
247
967
44
690
1,750
693
1,432
95
1,229
670
189
30
557
57,766

248
3,017
1,312
17,994
62,848
5,522
3,883
682
1,288
40,169
17,255
1,314
1,940
1,858
22,014
6,221
1,614
2,716
2,575
8,782
11,522
1,192
16,511
9,152
5,130
1,302
633
9,863
147
798
2,083
11,568
1,470
9,129
13,359
12,478
1,406
4,617
8,863
1,695
5,033
253
4,197
10,778
4,501
9,043
453
7,806
4,844
1,028
231
1,525
375,867

1
50
7
38
50
9
8
6
8
157
217
1
44
4
199
464
17
64
36
10
15
2
3,005
13
108
27
49
7
2
24
3
6
87
1,083
20
13
77
2
39
3
77
97
7
21
7
17
28
7
1
6,237

34
329
269
11,534
24,098
1,747
516
80
186
25,923
2,541
456
312
1,138
4,851
1,006
303
390
238
1,641
2,164
266
6,698
2,639
1,014
115
134
1,098
24
137
374
1,997
363
6,103
1,418
1,975
229
1,808
1,108
386
1,065
25
645
1,420
1,847
2,706
34
2,354
932
165
41
9
118,885

2 Consists

Page 45

Total
393
5,383
2,259
33,762
101,524
9,112
5,895
1,001
1,947
76,947
26,580
2,166
3,220
3,710
34,399
11,094
2,912
4,515
4,491
13,412
17,482
1,981
32,358
14,742
8,823
2,132
1,042
15,441
280
1,341
3,271
17,738
2,497
16,951
20,494
20,438
2,598
8,018
14,943
2,691
8,671
413
7,081
19,033
7,736
15,274
774
12,929
7,496
1,795
400
2,376
633,961

Foreclosure Prevention Report


First Quarter 2012

Federal Housing Finance Agency

FHFA produces monthly and quarterly versions of the Foreclosure Prevention & Refinance Report. In addition to the data provided in the monthly reports, the quarterly reports include the
following information: MHA program updates; benchmarking of the Enterprises delinquency rates; the type and depth of loan modifications; and the performance of modified loans.

Glossary
Data and definitions in this report have been revised relative to prior versions of the report. FHFA continues to work with the Enterprises to improve the comparability of reported data.

Section 1: Mortgage Performance


Total Loans Serviced - Total conventional active book of business, excluding loans that were
liquidated during the month.
Current and Performing - Loans that are making timely payments and are 0 months delinquent
as of the reporting month.
Total Delinquent Loans - Loans that are at least one payment past due, i.e., total servicing
minus current and performing.
30-59 Days Delinquent - Includes loans that are only one payment delinquent.
60-89 Days Delinquent - Includes loans that are only two payments delinquent.
60-plus-days Delinquent - Loans that are two or more payments delinquent, including loans in
relief, in the process of foreclosure, or in the process of bankruptcy, i.e., total servicing minus
current and performing, and 30 to 59 days delinquent loans. Our calculation may exclude loans
in bankruptcy process that are less than 60 days delinquent.
Serious Delinquency - All loans in the process of foreclosure plus loans that are three or more
payments delinquent (including loans in the process of bankruptcy).
In Bankruptcy - Loans in the process of bankruptcy; includes all delinquency status.
Section 2: Completed Foreclosure Prevention Actions
Home Retention Actions - Repayment plans, forbearance plans, charge-offs in lieu of
foreclosure, Home Saver Advances, and loan modifications. Home retention actions allow
borrowers to retain ownership/occupancy of their homes while attempting to return loans to
current and performing status.
Repayment Plans - An agreement between the servicer and a borrower that gives the borrower
a defined period of time to reinstate the mortgage by paying normal regular payments plus an
additional agreed upon amount in repayment of the delinquency.
Forbearance Plans - An agreement between the servicer and the borrower (or estate) to
reduce or suspend monthly payments for a defined period of time after which borrower
resumes regular monthly payments and pays additional money toward the delinquency to bring
the account current or works with the servicer to identify a permanent solution, such as loan
modification or short sale, to address the delinquency.
Charge-offs-in-lieu of Foreclosure - A delinquent loan for which collection efforts or legal
actions against the borrower are agreed to be not in the Enterprises' best interests (because of
reduced property value, a low outstanding mortgage balance, or presence of certain
environmental hazards). The servicer charges off the mortgage debt rather than completing
foreclosure and taking the property title. The borrower retains the property. The unpaid
mortgage balance becomes a lien on the borrowers property, which must be satisfied when the
borrower transfers ownership.
HomeSaver Advance (Fannie Mae) - An unsecured personal loan to a qualified borrower to
cure his or her payment defaults under a mortgage loan the Enterprises own or guarantee. The
borrower must be able to resume regular monthly payments on his or her mortgage.

Loan Modifications - Number of modified, renegotiated, or restructured loans, regardless of


performance-to-date under the plan during the month. Terms of the contract between the
borrower and the lender are altered with the aim of curing the delinquency (30 days or more
past due).
Nonforeclosure-Home Forfeiture Actions- Short sales and deeds-in-lieu of foreclosure.
These actions require borrowers to give up their homes. Although homes are forfeited,
foreclosure alternatives generally have less adverse impact on borrowers and their credit
reports than foreclosure.
Short Sales - A short sale (also called a preforeclosure sale) is the sale of a mortgaged
property at a price that nets less than the total amount due on the mortgage (e.g., the sum
of the unpaid principal balance, accrued interest, advanced escrows, late fees, and
delinquency charges.) The servicer and borrower negotiate payment of the difference
between the net sales price and the total amount due on the mortgage.
Deed(s)-in-lieu of Foreclosure - A loan for which the borrower voluntarily conveys the
property to the lender to avoid a foreclosure proceeding.
Section 3: Loan Modifications
Increase - Principal and interest after modification is higher than before the modification.
No Increase - Original principal and interest is unchanged after the modifications.
Decrease <=20% - Original principal and interest is decreased by 20 percent or less after
modification.
Decrease >20% - Original principal and interest is decreased by more than 20 percent after
modification.
Extend Term Only - Remaining term of the loan is longer after modification.
Reduce Rate Only - Loan's rate is lower after modification.
Reduce Rate and Extend Term - Loan's rate reduced and term extended.
Reduce Rate, Extend Term, and Forbear Principal - Modification includes term extension,
rate reduction, and forbearance of principal.
Other - A modification that does not fit in any of the above categories. The majority of these
loans are capitalized modifications.
Section 4: Third-party Sales and Foreclosures
Third-party Sales - A third party entity purchases the property at the foreclosure
sale/auction above the initial bid set forth by Fannie Mae or Freddie Mac.
Foreclosure Starts - The total number of loans referred to an attorney to initiate the legal
process of foreclosure during the month. These are loans measured as not being in
foreclosure in the previous month but referred to foreclosure in the current month.
Foreclosure Sales - The number of loans that went to foreclosure (sheriff's) sale during the
month.

Page 46