FHFA Federal Property Manager's Report, Second Quarter 2012

by Sabrina I. Pacifici on September 26, 2012

“Fannie Mae and Freddie Mac completed more than 129,000 foreclosure prevention actions in the second quarter of 2012, bringing the total foreclosure prevention actions to 2.4 million since the start of conservatorship in 2008 with 1.2 million of those actions being permanent loan modifications. These actions, which have helped more than 2 million borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s second quarter 2012 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report. This quarterly report features new information on state delinquencies and an updated, interactive Borrower Assistance Map for Fannie Mae and Freddie Mac mortgages, with information on delinquencies, foreclosure prevention activities and Real Estate Owned (REO) properties.”

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