Foreclosure Prevention Actions Top 3.5 Million Through Second Quarter 2015

News Release

Foreclosure Prevention Actions Top 3.5 Million Through Second Quarter 2015


​​​​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 63,593 foreclosure prevention actions in the second quarter of 2015, bringing the total number of foreclosure prevention actions to over 3.5 million since the start of the conservatorships in September 2008.  These measures have helped more than 2.9 million borrowers stay in their homes, including more than 1.8 million who received permanent loan modifications.   ​

Further details can be found in FHFA’s second quarter Foreclosure Prevention Report, which also includes data on Fannie Mae and Freddie Mac home retention actions, delinquency data and real estate owned (REO) inventory.  FHFA publishes the report data in an online, interactive Borrower Assistance Map accessible through foreclosure prevention data for Fannie Mae and Freddie Mac noted in the quarterly report include:

  • The REO inventory of Fannie Mae and Freddie Mac declined 14 percent during the second quarter to 86,515, marking the first time REO inventory has been below 100,000 since 2009.
  • The number of 60+ day delinquent loans declined another 6 percent during the quarter.
  • Approximately 31 percent of all permanent loan modifications in the second quarter helped to reduce homeowners’ monthly payments by over 30 percent.
  • The serious delinquency rate of Fannie Mae and Freddie Mac loans fell to 1.6 percent at the end of the second quarter.


The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide nearly $5.7 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at, on Twitter @FHFA, YouTube and LinkedIn.


​​Media: Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030
Consumers: Consumer Communications or (202) 649-3811​

Originals post:

# Foreclosure #Prevention #HFHA #Fannie #FreedieMac #AvoidForeclosure #NoticeofDefautl #NoticeOfTrusteeSale
#YelpReview #RealEstate #ShortSale

Don’t lose your home to foreclosure!  Talk with your lender or lenders as soon as you can.  If you need try to get me or a local agent in your area to help get the documents we need to contact your lender on your behalf.  I was able to help next door to my home avoid foreclosure recently. Please see what Yvette had to say on Yelp


Oceano, CA


“James is very helpful and friendly. We had been trying to do a modification on our home and the lender kept giving us the run around. I reached out to James for help and within a couple days our lender was willing to work with us. Thank you James for all your help.”

I want to help all my community to avoid foreclosure, however reality not everyone gets approved for a modification or a short sale, however we have to try.  If you have a Notice of Default or a Scheduled Notice of Trustee Sale you need to call me ASAP 805-748-2262 to see what we can do in the time you have left.   If you have equity now and are looking to refinance I just refinanced with Greenlight and they were great to work with. 1-888-668-5932 and get to the refinance department.  I just did that in 2015. If you have a Home Equity Line of Credit (HELOC) that is set to reset or is resting soon we need to get you with your lender or another lender to see if we can get your refinanced to help you keep your home and avoid foreclosure.

Please call me,

James Outland Jr


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