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GSEs Approaching Foreclosure Prevention Milestone

Wed December 16, 2015

The Federal Housing Finance Agency (FHFA), conservator of Fannie Mae and Freddie Mac, reported that the GSEs have completed almost three million home retention actions since the beginning of the conservatorships in September 2008.

The FHFA’s Foreclosure Prevention Report for the Third Quarter of 2015 released Wednesday, the Agency found that Fannie Mae and Freddie Mac have completed a total of nearly 3.6 million foreclosure prevention actions in the history of the conservatorships as of the end of Q3 2015—and more than 2.9 million of those actions have helped struggling borrowers stay in their homes.

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