Fannie Mae and Freddie Mac Complete Nearly 2 Million Foreclosure Prevention Actions With More Than One Million Permanent Loan Modifications Since Conservatorship

Washington, DC – December 7, 2011 – (RealEstateRama) — Fannie Mae’s and Freddie Mac’s foreclosure prevention activity increased in the third quarter of 2011 and total nearly 2 million foreclosure prevention actions since the beginning of conservatorship in 2008. During this period, the Enterprises completed one million loan modifications, helping borrowers stay in their homes.