April 2021 Highlights - Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 87,205 foreclosure prevention actions in April, bringing the total to 5,900,104 since the start of the conservatorships in September 2008.
• Approximately 42 percent of these actions have been permanent loan modifications.
• There were 5,271 permanent loan modifications in April, bringing the total to 2,457,671 since the conservatorships began in September 2008.
• Fourteen percent of

The Office of Information Policy requires all agencies to provide quarterly reporting for four key Freedom of Information Act (FOIA) statistics to the Department of Justice. This report is attended to identify trends and assess agencies' progress through the course of the year.​

The Office of Information Policy requires all agencies to provide quarterly reporting for four key Freedom of Information Act (FOIA) statistics to the Department of Justice. This report is attended to identify trends and assess agencies' progress through the course of the year.​

House prices rose nationwide in April, up 1.8 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 15.7 percent from April 2020 to April 2021. The previously reported 1.4 percent price change for March 2021 was revised upward to a 1.6 percent increase.

1Q21 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 224,646 foreclosure prevention actions in the first quarter, bringing the total to 5,812,899 since the start of conservatorships in September 2008. Of these actions, 5,110,843 have helped troubled homeowners stay in their homes, including 2,452,400 permanent loan modifications.

• Initiated forbearance plans dropped to 121,216 in the first quarter of 2021 from 179,644 in the fourth quarter of 2020.

​​​Federal Housing Finance Agency’s (FHFA’s) Report to Congress covers the activities of FHFA and its regulated entities in 2020.  The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act), as amended by the Housing and Economic Recovery Act of 2008 (HERA), requires the Director to submit an annual report to Congress addressing several topics related to the fulfillment of FHFA’s statutory responsibilities and the financial condition of the regulated entities:  Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Bank

​​The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through December 31, 2020 and reflects borrower outcomes on NPLs sold through June 30, 2020 and reported through December 31, 2020.  The sale of NPLs reduces the number of delinquent loans in the Enterprises' portfolios and transfers credit risk to the private sector.  FHFA and the Enterprises impose 

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 13,891 foreclosure prevention actions in November 2015, bringing the total to 3,626,692 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 8,569 permanent loan modifications in November, bringing the total to 1,888,404 since the start of conservatorships.
• The share of modifications with principal forbearance decreased slightly to 19 percent.

​U.S. house prices rose 12.6 percent from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.5 percent compared to the fourth quarter of 2020. FHFA's seasonally adjusted monthly index for March was up 1.4 percent from February.

Pursuant to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992  (Safety and Soundness Act), as amended by the Housing and Economic Recovery Act of 2008  (HERA), the FHFA Director's principal duties include, among others, ensuring that each Enterprise operates in a safe and sound manner, that the operations and activities of each Enterprise foster liquid, efficient, competitive, and resilient national housing finance markets, and that each Enterprise carries out its statutory mission only through activities that are authorized under and consistent with the S