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Home | News | Loss Mitigation

Report: GSEs Have Completed 3.3 Million Foreclosure Prevention Actions Since ’08

Fannie Mae and Freddie Mac have completed approximately 3.3 million foreclosure prevention actions in the last six years, according to the Federal Housing Finance Agency (FHFA)'s Q3 Foreclosure Prevention Report released Monday. Including the 72,700 foreclosure prevention actions completed by the GSEs in the third quarter, the two Enterprises have performed about 3.3 million such actions since the start of the conservatorship under FHFA in September 2008, according to the report. Nearly 2.8 million of those borrowers were able to stay in their homes as a result of receiving assistance from Fannie Mae or Freddie Mac.

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