The Federal Housing Finance Agency (FHFA) has released its fourth quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 153,793 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,364,278 since the start of conservatorships in September 2008.
The report also shows that 46% of loan modifications completed in the fourth quarter reduced borrowers’ monthly payments
