Foreclosure Prevention & Refinance Report
FORECLOSURE PREVENTION & REFINANCE REPORTFEDERAL PROPERTY MANAGER'S REPORTFOURTH QUARTER 2021
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Table of ContentsHIGHLIGHTS. 3MORTGAGE PERFORMANCE.4FORECLOSURE PREVENTION ACTIONS: All Actions Completed.560 DAYS DELINQUENT LOANS AND FORECLOSURE PREVENTION ACTIONS.6Home Retention Actions.7Enterprises' Loan Modifications. 8Fannie Mae's Loan Modifications. 11Freddie Mac's Loan Modifications.12Forbearance Plans. 13Home Forfeiture Actions. 14FORECLOSURES. 15REO ACTIVITY & INVENTORY. 16DELINQUENT LOANS BY STATE. 17DEEPLY DELINQUENT LOANS IN SELECTED STATES.18DELINQUENCY STATUS MAP. 19CHANGE IN THE NUMBER OF DELINQUENT LOANS IN KEY STATES. 20Page 1
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Table of Contents (Cont.)APPENDIX: DATA TABLES. 21APPENDIX: STATE LEVEL DATASingle-Family Book Profile by State. 35Completed Foreclosure Prevention Actions by State. 38REFINANCE ACTIVITIES. 41GLOSSARY. 48Page 2
FHFA Foreclosure Prevention and Refinance Report6.364million4Q21 Highlights -- Foreclosure PreventionThe Enterprises' Foreclosure Prevention Actions:Fourth Quarter 2021Foreclosure Prevention ActivitiesRepayment PlansForbearance Plansduring Initiated forbearance plans decreased to 72,146 in the fourth quarter from 75,201 in the Charge-offs-in-lieuPayment Deferralconservatorships third quarter of 2021. The total number of loans in forbearance at the end of the quarterwas 178,019, representing approximately 0.59 percent of the total loans serviced, and 28Home Retention Actionspercent of the total delinquent loans.Short Sales Eleven percent of modifications in the fourth quarter were modifications with principal Deeds-in-lieuforbearance. Modifications with extend-term only accounted for 67 percent of all loanHome Forfeiture Actionsmodifications during the quarter.of loan There were 308 completed short sales and deeds-in-lieu during the quarter, bringing the TOTALInventory (Number of loans at period end)modifications intotal to 703,463 since the conservatorships began in September 2008.Repayment Plans4Q21 reducedThe Enterprises' Mortgage Performance:borrowers' monthlyForbearance Plans46% The 60 days delinquency rate dropped from 1.69 percent at the end of the third quarterto 1.34 percent at the end of the fourth quarter. The delinquency rates remained muchhigher than pre-coronavirus rates due to the forbearance programs offered to borrowersaffected by the pandemic. The Enterprises' serious (90 days or more) delinquency rate dropped to 1.19 percent atSerious delinquency the end of the fourth quarter. This compared with 6.48 percent for Federal Housingrate decreased to Administration (FHA) loans, 3.82 percent for Veterans Affairs (VA) loans, and 2.83 percent1.19%at the end of 4Q21REO inventoryincreased10%for all loans (industry average).The Enterprises' Foreclosures: Foreclosure starts dropped 15 percent to 6,178 while third-party and foreclosure salesincreased 27 percent to 3,213 in the fourth quarter.For an interactive online map that provides state data, click on the following link:Fannie Mae and Freddie Mac State Borrower Assistance Map Fannie Mae and Freddie Mac suspended the High LTV Refinance option in 2021.Thetotal refinance volume from the inception to the end of the program reached 201 loans. The percentage of borrowers refinancing into shorter term 15-year fixed rate e Performance (at period end)(Number of loans)30-59 Days Delinquent60-plus-days DelinquentSeriously Delinquent*Foreclosure StartsThird-party & Foreclosure SalesREO Inventory(Percent of total loans serviced)* 90 days or more delinquent, or in the process of foreclosure.Source: FHFA (Fannie Mae and Freddie Mac)Refinance Activities(Number of loans)decreased to 24 percent in December as the difference between 15-and 30-year fixed rate Total Refinancemortgages remained in the 69 to 76 basis point range in recent months through November. Total High LTV Refinance OptionIn December, the difference between 15-and 30-year fixed rate mortgages increased to 75basis 53,793Source: FHFA (Fannie Mae and Freddie Mac)30-59 Days Delinquent60-plus-days Delinquent Total refinance volume decreased in December 2021 amid rising mortgage rates through Seriously Delinquent*November. Mortgage rates rose in December: the average interest rate on a 30-year fixedrate mortgage increased to 3.10 percent from a November level of 3.07 4180,566* Includes HAMP permanent modifications4Q21 Highlights -- Refinance Activitiesin the 4Q214Q21Completed Actions The Enterprises completed 153,793 foreclosure prevention actions in the fourth quarter, Loan Modifications *bringing the total to 6,364,278 since the start of conservatorships in September 2008. Oftroubledthese actions, 5,660,815 have helped troubled homeowners stay in their homes, includinghomeowners helped 2,503,377 permanent loan modifications.payments by over20%3Q21(Number of loans)3Q214Q211,285,81041,266,043-Source: FHFA (Fannie Mae and Freddie Mac)This is the quarterly version of the Foreclosure Prevention and Refinance Report. FHFA produces monthly and quarterly versions of the Foreclosure Prevention and Refinance Report. In addition to the data provided in the monthlyreports, the quarterly reports include the following information: benchmarking of the Enterprises’ delinquency rates, types and depth of loan modifications, performance of modified loans, and state level data.Page 3
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Mortgage PerformanceThe percentage of the Enterprises' loans that are 30-59 days delinquent increased slightly to 0.76 percent while the 60 daysdelinquency rate dropped to 1.34 percent at the end of the fourth quarter. The Enterprises' serious delinquency rate also dropped to1.19 percent at the end of the quarter. This compared with 6.48 percent for Federal Housing Administration (FHA) loans, 3.82 percentfor Veterans Affairs (VA) loans, and 2.83 percent for all loans (industry average). The serious delinquency rate remained elevated as aresult of the COVID-19 pandemic and the forbearance programs offered to affected borrowers.Serious Delinquency Rates**Enterprises versus Mortgage IndustryEnterprises' Delinquency 08%4%2.38%4.03%60 Days Delinquent2%VA4.93%2%1.34%0.76%30-59 Days Delinquent* 2.88%1.42%1.47%0%4%6.48%5.42%GSE2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q ce: FHFA (Fannie Mae and Freddie 1620172018201920202021Source: FHFA (Fannie Mae and Freddie Mac); Mortgage Bankers Association*2008 data not available.**90 days or more delinquent, or in the process of foreclosure.Page 4
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Foreclosure Prevention Activity: All Actions CompletedThe Enterprises completed 776,025 foreclosure prevention actions in 2021, bringing the total to 6,364,278 since the start ofconservatorships in September 2008. Of these actions, 2,503,377 have been permanent loan modifications, and 3,157,438 actionshave been other forms of assistance that allowed troubled homeowners to stay in their homes. In addition, 703,463 of the actionshave been short sales and deeds-in-lieu which resulted in borrowers leaving their homes without going through the foreclosureprocess.Home Retention ActionsRepayment PlansForbearance PlansCharge-offs-in-lieuHomeSaver Advance (Fannie)Payment DeferralLoan Modifications2TotalNonforeclosure - Home Forfeiture ActionsShort SalesDeeds-in-lieuTotalTotal Foreclosure Prevention 93-163,175234,26320202021Conservatorshipto 56,364,278Since the first full quarter in conservatorship (4Q08).Includes HAMP permanent modifications.Source: FHFA (Fannie Mae and Freddie Mac)Page 5
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 202160 Days Delinquent Loans and Foreclosure Prevention ActionsThe number of 60 days delinquent loans continued to decrease in the fourth quarter but remained much higher than precoronavirus levels due to the forbearance programs offered to borrowers affected by the pandemic. A total of 153,793foreclosure prevention actions were completed during the quarter, down 15 percent compared with the third quarter. The vastmajority of these actions allowed troubled homeowners to stay in their homes, including 102,700 payment deferrals, 16,913permanent loan modifications, 31,891 forbearance plans, 1,859 repayment plans and 122 charge-offs-in-lieu of foreclosure.20006001,769180050016001,488Number of loans in thousands14001,29640060-plus-days Delinquent 4594214453021004062694002000Q1 Q2 Q3 Q4 Q1 Q2 Q320082009Other*1 17 27 26 21 12 5Short Sales & Deeds-in-lieu 2 3 5 7 9 13 17Payment Deferral0 0 0 0 0 0 0Forbearance Plans**1 1 1 2 5 5 6Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1201020112012201320143 3 3 2 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 020 24 31 31 28 28 32 31 35 34 36 38 33 30 29 26 20 15 15 13 11 100 0 0 0 0 010 18 21 14 11 1318 16 15 13 32 25 39 46 56 46 34 50 4516 15 13 24 37 32 37 58 138171147120 042460021558021562031655031349031146031141031241Q2 Q3 Q4 Q120150 0 0 09 9 8 7Q2 Q3 Q4 Q120160 0 0 07 6 5 5Q2 Q3 Q4 Q120170 0 0 05 4 3 3Q2 Q3 Q4 Q120180 0 0 03 2 2 2Q2 Q3 Q4 Q120191 0 0 02 1 1 Q2 Q3 Q4 Q120200 0 0 01 1 1 1Q2 Q3 Q420211 0 01 0 00 0 2411851301401201032 232281160 77 57 40 327 5 5 7 5 3 2 217 14 11 9 11 16 18 17Repayment Plans**Loan ModificationsTotal Actions38 53 62 72 104 87 1100 89 80 73 66 66 64 55 48 50 48 46 45 49 49 41 68 68 71 63 41 39 32 26 26 27 25253936322521718115460 ofDLQLoans4455296789261,1 1,31,5Charge-offs-in-lieu.1,7 1,7 1,6 1,5 1,4 1,3 The1,3 1,31,2 1,2 1,11,1 354224213783543684593993413143022872792692692571,1 1,0 891787638509406*ConsistsHomeSaverAdvance(Fannie Mae)andvolumesof theseare usually small and may appear as zero due to rounding.**Include loans that were 30 days delinquent at initiation of the plan.Source: FHFA (Fannie Mae and Freddie Mac)Page 6
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Foreclosure Prevention Activity: Home Retention ActionsThe Enterprises completed 153,485 home retention actions in the fourth quarter, compared with 180,122 in the third quarter of2021. These actions, which included 102,700 payment deferrals, 31,891 forbearance plans, 16,913 permanent loan modifications,1,859 repayment plans and 122 charge-offs-in-lieu, helped delinquent borrowers stay in their homes during the quarter.Home Retention Actions(Number of loans in thousands)6005004003002001000Q1 Q2 Q3 Q4 Q1 Q2 Q320082009Loan Modifications 16 15 13 24 37 32 37Repayment Plans 18 16 15 13 32 25 39Forbearance Plans 1 1 1 2 5 5 6Payment Deferral0 0 0 0 0 0 0Other*TotalQ4 Q1 Q2 Q3 Q4 Q1201058 138171147120 8646 56 46 34 50 45Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q42011201220132014201520162017201820192020202181 84 71 60 50 63 60 64 60 58 62 55 49 46 41 41 42 35 30 32 32 31 29 32 34 30 33 36 51 49 26 22 20 18 16 17 14 11 9 11 16 18 1746 49 42 45 36 30 32 32 24 15 15 16 13 11 11 12 10 9 8 8 8 8 9 10 8 6 6 8 8 8 8 8 6 5 6 7 5 5 7 5 3 2 210 18 21 14 11 13 8 7 7 80 0 0 0 0 0 0 0 0 01 17 27 26 21 12 5 3 3 3 2 1 0 1 1 1 136 50 57 65 95 74 86 60 77 57 40 320 2411851301401201030 0 0 0 1 0 0251539362224216180153*Consists of HomeSaver Advance (Fannie Mae) and Charge-offs-in-lieu. The volumes of these actions are usually small and may appear as zero due to rounding.Source: FHFA (Fannie Mae and Freddie Mac)Page 7
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Enterprises' Loan ModificationsThe Enterprises completed 16,913 loan modifications in the fourth quarter, down 6 percent compared with the thirdquarter. Fannie Mae's permanent loan modifications decreased 8 percent to 10,689 and Freddie Mac's decreased 2 percentto 6,224 during the quarter.Loan Modifications by Enterprise(Number of loans in thousands)180160140120100806040200Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q42008Freddie Mac 45Fannie Mae 11 11 5Total20092010201120122013201420152016201720188 17 25 16 9 16 44 49 40 38 35 31 24 19 14 15 21 20 21 19 21 23 19 17 17 15 15 16 13 11 11 11 10 11 12 12 10 11 14 18 18 10 92019872020672021544456 12 17 28 42 94 122 106 82 51 50 60 52 47 35 42 40 43 40 37 39 36 32 29 26 27 26 22 19 21 21 21 17 20 22 20 22 22 34 31 16 13 13 11 10 10 9767 11 12 116616 15 13 24 37 32 37 58 138 171 147 120 86 81 84 71 60 50 63 60 64 60 58 62 55 49 46 41 41 42 35 30 32 32 31 29 32 34 30 33 36 51 49 26 22 20 18 16 17 14 11 9 11 16 18 17Source: FHFA (Fannie Mae and Freddie Mac)Page 8
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Enterprises' Loan ModificationsThere were 62,411 permanent loan modifications in 2021. Approximately 37 percent of these loans were one year ormore delinquent at the time of modification, 91 percent had mark-to-market LTV 80%, and 23 percent wereoriginated prior to 2009.Modifications by Delinquency Status100%Modifications by %1%1%30-59 DLQ9%5%4%3%3%3%3%9%6%4%3%3%60-89 DLQ11%6%5%4%4%4%5%8%10%7%6%2%90 - 179 DLQ31%25%24%27%37%39%39%39%49%50%52%19%180 - 364 DLQ29%32%34%36%28%26%27%24%25%26%27%39%365 ce: FHFA (Fannie Mae and Freddie 2021MTMLTV 100%53%61%56%42%29%23%18%11%7%4%3%1%80% MTMLTV 100%27%21%23%28%27%25%25%21%18%16%16%8%MTMLTV e: FHFA (Fannie Mae and Freddie Mac)Modifications by ons by Mod 201920202009 & later0%1%4%9%14%20%25%30%47%53%63%77%Three plus 80%79%73%68%60%54%52%48%35%31%25%16%Second Modification5%9%14%20%24%27%30%31%23%23%18%11%2004 & Prior20%20%23%24%26%26%23%21%17%16%12%8%First urce: FHFA (Fannie Mae and Freddie Mac)Source: FHFA (Fannie Mae and Freddie Mac)*Includes loans with missing delinquency status.**Includes loans with missing MTMLTV data.***Data have been revised.The Enterprises required mandatory implementation of Flex Modification on October 1, 2017. Flex Modification allows more borrowers to qualifyfor a home retention solution and targets a 20% monthly payment reduction to improve borrower success under the loan modification.Page 9
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Enterprises' Loan ModificationsThe share of the Enterprises’ modifications with extend-term only was 65 percent in 2021. Increases in house prices over thepast couple of years have generally increased home equity even for delinquent homeowners, influencing the type of loanmodification. Interest rate reductions are generally offered to borrowers with modest or no home equity. Approximately 79percent of loans modified in the second quarter of 2021 were current and performing, six months after modification.Types of Modification100%Size of Payment 15201620172018201920202021Reduce Rate Only11%31%27%15%8%5%3%2%1%1%0%0%0%Decrease 30%5%27%53%49%47%50%36%30%30%24%15%21%23%27%Extend Term Only15%4%10%11%18%36%48%45%43%61%66%66%65%Decrease 20% ase 20%25%31%22%25%27%27%33%36%39%38%41%45%45%46%No %9%6%4%4%10%14%10%6%3%4%3%1%Extend Term, Reduce Rateand Forbear end Term and Reduce Rate64%46%36%37%40%35%30%32%24%7%6%14%22%0%Source: FHFA (Fannie Mae and Freddie Mac)Source: FHFA (Fannie Mae and Freddie Mac)Modified Loans - Current and Performing**100%Modified Loans - 60-plus-days Re-Delinquency Rates60%Six Months after modification76%80%69%68%60%40%78%37% %54%65%57%57%63%40%One Year after Modification33%28%37%51%31%23%20%One Year after Modification20%Six Months 14%22%16%23%16%22%18% 18% 19%16%12%17%10%14%10%7%0%0%Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q22008200820092010201120122013Source: FHFA (Fannie Mae and Freddie Mac)2014201520162017201820192020 20 2021Source: FHFA (Fannie Mae and Freddie Mac)* The 2019-2021 data have been revised.** The reported percentage at the end of each period represents the number of current loans remaining at the end of the period, divided by the total number of loan modifications, including loans that have since paid off. In 2016, the Enterprises beganits Reperforming Loan (PRL) sale program. Over time, an increasing number of modified, reperforming loans will be sold through this program which will result in a lower percentage of Current and Performing loans.The Enterprises required mandatory implementation of Flex Modification on October 1, 2017. Flex Modification allows more borrowers to qualify for a homeretention solution and targets a 20% monthly payment reduction to improve borrower success under the loan modification.Page 10
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Fannie Mae's Loan ModificationsTypes of Modification100%Size of Payment 520162017201820192020Reduce Rate Only15%36%26%14%8%5%3%2%1%2%0%1%0%Decrease 30%5%34%55%52%50%50%35%29%30%26%15%23%24%27%Extend Term Only9%1%7%14%24%42%52%48%48%64%70%68%64%Decrease 20% 30%9%23%16%19%22%18%19%19%21%23%15%21%23%22%Extend Term, Reduce Rateand Forbear rease 20%24%30%20%24%26%28%34%36%40%44%46%51%48%47%No Change1%1%0%1%0%0%0%0%0%3%22%3%3%3%Extend Term and Reduce 1%12%9%4%3%3%12%16%9%4%2%2%2%1%0%Source: FHFA (Fannie Mae and Freddie Mac)Source: FHFA (Fannie Mae and Freddie Mac)Modified Loans - Current and Performing*Modified Loans - 60-plus-days Re-Delinquency Rates100%60%76%80%77%72%71%67%60%Six Months after modification78%69%68%64%69%75%75%68%67%62%67% 62% 56%69%63%59%57%57%50%40%40%37%55%45%40% 36%26%19%20%18%13%Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q220092010201120122013Source: FHFA (Fannie Mae and Freddie Mac)2014201520162017201820192020 2008One Year after Modification39%50%One Year after Modification20%202115%15%17%12%11%19%18%14%10%Six Months after Modification10%7%0%Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 2020 2021Source: FHFA (Fannie Mae and Freddie Mac)* The reported percentage at the end of each period represents the number of current loans remaining at the end of the period, divided by the total number of loan modifications, including loans that have since paid off. In 2016, FannieMae began its Reperforming Loan (PRL) sale program. Over time, an increasing number of modified, reperforming loans will be sold through this program which will result in a lower percentage of Current and Performing loans.Page 11
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Freddie Mac's Loan ModificationsTypes of 0%7%4%1%0%0%0%0%0%0%0%1%2%Reduce Rate Only4%19%28%18%9%4%2%2%1%0%0%0%0%Decrease 30%Extend Term Only23%12%15%6%8%26%41%39%35%56%59%63%68%Extend Term, Reduce Rateand Forbear d Term and Reduce 6%18%47%44%41%49%39%33%30%20%14%18%21%27%Decrease 20% 30% 21%32%18%17%21%21%21%19%19%15%13%18%22%23%Decrease 20%25%32%26%26%30%24%32%36%38%28%34%35%39%42%No 7%8%12%8%6%8%11%11%10%6%7%5%3%Source: FHFA (Fannie Mae and Freddie Mac)Source: FHFA (Fannie Mae and Freddie Mac)Modified Loans - Current and Performing**Modified Loans - 60-plus-days Re-Delinquency Rates60%100%Six Months after %78%76%70%64% 66%72%67%60%40%76%63%64%57%67%40%66%One Year after ModificationOne Year after Modification38%31%36%59%23%18% 19%20%20%Size of Payment 20%17%17%19% 20%16%13% 17%11%12%19%10%8%Six Months after Modification0%0%Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q22008200820092010201120122013Source: FHFA (Fannie Mae and Freddie Mac)2014201520162017201820192020 20 2021Source: FHFA (Fannie Mae and Freddie Mac)* The 2019-2021 data have been revised.** The reported percentage at the end of each period represents the number of current loans remaining or paid in full at the end of the period, divided by the total number of loan modifications, including loans that have since paid off. In2016, Freddie Mac began its Reperforming Loan (PRL) sale program. Over time, an increasing number of modified, reperforming loans will be sold through this program which will result in a lower percentage of Current and Performing loans.Page 12
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Forbearance Plans Inventory1The total number of loans in forbearance plans continued to trend downward since its peak in May 2020, but remainedelevated through December 2021 compared with pre-pandemic levels. As of December 31, 2021, there were 178,019 loansin forbearance, representing approximately 0.59 percent of the Enterprises single-family conventional book of business,down from 320,009 or 1.07 percent at the end of the third quarter. Approximately 27 percent of these loans have been onthe plan for more than 12 months.Loans in Forbearance2,000178,019Number of loans in thousandsas of December 31, 20211,5001,0005000Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec20 20 20 20 20 20 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 21 21Forbearance09Plans Inventory109172 1,1491,4511,3981,2641,1471,046 923 842 805 771 739 660 593 540 491 439 400 320 244 198 178Number of loans in forbearance plans at period end. These numbers may not match results reported in the Enterprises' financial statements due to timing differences in reporting.* See page 24 for data on forbearance plans initiated and completed during the month and pages 35-37 for forbearance plans inventory by state.Source: FHFA (Fannie Mae and Freddie Mac)Page 13
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Foreclosure Prevention Activity: Home Forfeiture ActionsThere were 308 completed short sales and deeds-in-lieu in the fourth quarter, bringing the total to 703,463 since the start ofconservatorships. The number of completed short sales and deeds-in-lieu decreased 31 percent in the fourth quarter comparedwith the third quarter. These foreclosure alternatives help to reduce the severity of losses resulting from a borrower’s default andminimize the impact of foreclosures on borrowers, communities, and neighborhoods.4035Number of loans in thousands302520151050Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Deeds-In-Lieu 0Short Sales2Total220080 03 53 516720092010201120122013201420151 1 1 1 1 2 2 2 2 3 3 3 4 4 4 4 4 5 4 5 4 4 4 3 3 3 28 12 17 19 23 29 29 26 26 29 28 32 31 32 34 28 26 25 22 15 11 11 9 8 7 7 69 13 17 20 24 31 31 28 28 32 31 35 34 36 38 33 30 29 26 20 15 15 13 11 10 9 925825720162 25 47 624523520172 13 35 412312320181 12 13 211211220190 01 12 101101120200 01 11 101101120210 00 01 0000Source: FHFA (Fannie Mae and Freddie Mac)Page 14
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021ForeclosuresThere were 3,213 completed third-party and foreclosure sales in the fourth quarter, up 27 percent compared with the thirdquarter. The number of foreclosure starts decreased 15 percent from 7,253 in the third quarter to 6,178 in the fourth quarter.350300Number of loans in thousands25020015010050Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1200820092010201120122013Foreclosure 4218226186202135141125117113 85Third-party and Foreclosure Sales 31 38 47 35 41 57 70 78 98 112138 77 88 94 80 79 79 71 69 63 60 55 56 48 47Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1201420152016201720182019202086 75 74 70 62 66 65 61 55 51 52 51 45 43 45 46 39 33 36 33 29 30 30 29 8 7 6 943 39 36 35 30 27 25 25 23 21 18 19 18 16 13 14 13 12 12 11 10 10 8 8 1 2 2 2Q2 Q3 Q420216 7 62 3 3Source: FHFA (Fannie Mae and Freddie Mac)Page 15
FHFA Foreclosure Prevention and Refinance ReportFourth Quarter 2021Real Estate Owned (REO) Activity & InventoryThe Enterprises' REO inventory increased 10 percent from 8,001 in the third quarter to 8,781 in the fourth quarter, as REOacquisitions outpaced property dispositions. The total number of property acquisitions increased 29 percent to 1,751, whiledispositions decreased 17 percent to 991 during the quarter.250242200Number of loans in thousands179155150151131111100 92734850342622109AcquisitionsQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Fannie Mae and Freddie Mac suspended the High LTV Refinance option in 2021. The total refinance volume from the inception to the end of the program reached 201 loans. The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages decreased to 24 percent in December as the difference between 15-and 30-year fixed rate
Refinance Activities (Number of loans) 2Q20 3Q20 Total Refinance 1,522,472 1,758,940 Total High LTV Refinance Option 51 35 5.225 million troubled homeowners helped during conservatorships 41% of loan modifications in 3Q20 reduced borrowers' monthly payments by over 20% Serious delinquency rate jumped to 3.14%
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4931—70. Note that the foreclosure statute received a significant overhaul in 2012. Vermont has three methods of foreclosure: Strict foreclosure under 12 V.S.A. § 4941; Judicial sale foreclosure under 12 V.S.A. §§ 4945-4954; and Nonjudicial foreclosure under 12 V.S.A. §§ 4961-70.
foreclosure process, foreclosure starts, has followed a similar pattern, with foreclosure starts exceeding the national level in every quarter since the third quarter of 1998. Introducing Regression To investigate the high levels of foreclosure in Indiana, the determinants of foreclosure rates are examined across the 50 states and Washington,
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The program, which was designed to push sales of Goodyear Aquatred tires, was targeted at sales associates and managers at 900 company-owned stores and service centers, which were divided into two equal groups of nearly identical performance. For every 12 tires they sold, one group received cash rewards and the other received
Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2016. Overview and Eligibility of the Home Affordable Refinance Program (HARP) FHFA Refinance Report Third Quarter 2016 Borrowers completed 15,597 refinances through HARP,
Tulang Humerus Gambar 2.1 Anatomi 1/3 Tulang Humerus (Syaifuddin, 2011) Sulcus Intertubercularis Caput Humeri Collum Anatomicum Tuberculum Minus Tuberculum Majus Collum Chirurgicum Crista Tubeculi Majoris Crista Tuberculi Majoris Collum Anatomicum Collum Chirurgicum Tuberculum Majus . 4. Otot-otot Penggerak Pada Bahu Menurut Syaifuddin (2011), otot- otot bahu terdiri dari : a. Gerakan fleksi .
