The Federal Housing Finance Agency today released its first quarter 2025 Foreclosure Prevention and Refinance Report, which includes data on mortgage performance, delinquencies and active forbearance plans, as well as forfeiture actions and refinances by state.
According to the report, Fannie Mae and Freddie Mac completed 60,592 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 7,159,054 since the start of conservatorships in 2008. There were 50,741 foreclosure prevention actions during Q4 2024.
Thirty-three percent of modifications in Q1 were modifications with principal forbearance. Modifications that include extend-term only, accounted for 66% of all loan modifications during the quarter. The serious delinquency rate remained to 0.57% at the end of Q1. This compared with 3.98% for Federal Housing Administration loans, 2.51% for Veterans Affairs loans, and 1.63% for all loans.
