4Q22 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 52,469 foreclosure prevention actions in the fourth quarter of 2022, bringing the total to 6,712,833 since the start of conservatorships in September 2008. Of these actions, 6,008,546 have helped troubled homeowners stay in their homes, including 2,625,151 permanent loan modifications.

January 2023 Highlights - Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:​

• The Enterprises completed 19,577 foreclosure prevention actions in January, bringing the total to 6,732,410 since the start of the conservatorships in September 2008.

October 2023 Highlights - Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:​

• The Enterprises completed 15,222 foreclosure prevention actions in October, bringing the total to 6,877,049 since the start of the conservatorships in September 2008.

The Enterprise Non-Performing Loan Sales Report includes information about Non‐Performing Loans (NPLs) sold through June 30, 2023 and reflects borrower outcomes as of June 30, 2023, on NPLs sold through December 31, 2022. The sale of NPLs by Fannie Mae and Freddie Mac (the Enterprises) reduces the number of delinquent loans held in their inventories and transfers credit risk to the private sector.

From the beginning of the Enterprises’ Single‐Family CRT programs in 2013 through June 2017, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $1.8 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $60.6 billion, or 3.3 percent of UPB.  An additional $837 billion of UPB and $212 billion of RIF has been transferred to primary mortgage insurers from 2013 through 2Q17.  Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been transferred to private invest

​From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the end of 2017, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $2.1 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $69 billion, or 3.2 percent of UPB.  An additional $972 billion of UPB and $246 billion of RIF has been transferred to primary mortgage insurers from 2013 through the end of 2017.  Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been transferred t

From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the end of June 2018, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $2.5 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $81 billion, or 3.2 percent of UPB.  An additional $1.1 trilllion of UPB and $278 billion of RIF has been transferred to primary mortgage insurers from 2013 through the end of June 2018.  Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been tr

​The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the private sector through a variety of transactions in both the single-family and multifamily markets.