making home afforable

 information from the federal finance agency realeased january 8th 2010

• As of Nov. 30, 2009, the Enterprises had implemented 405,700 HAMP active trial and

permanent loan modifications.

• Foreclosure starts on Enterprise loans declined in the third quarter by 15 percent.

• Loan modifications entered into on Enterprise loans, excluding HAMP trial loan

modifications, increased 14 percent from the second quarter, from 32,300 to 36,700.

• Nearly half of loan modifications completed in the third quarter, excluding HAMP trial

modifications, resulted in borrowers' payments decreasing by over 20 percent.

• Loans modified in recent quarters performed slightly better six months after

modification than did earlier modifications.

• Short sales and deeds in lieu increased by 39 percent during the third quarter from

12,300 to 17,400.

• Loans 60-plus-days delinquent increased by 260,300 loans or nearly 20 percent during

the third quarter to 1.6 million.

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