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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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More foreclosure prevention actions logged by FHFA

The Federal Housing Finance Agency has released its Fourth Quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac completed 41,062 foreclosure prevention actions in the fourth quarter of 2018, bringing the total number of foreclosure prevention actions to 4,283,836 since September 2008. The report also shows that 35 percent of loan modifications completed in the fourth quarter reduced borrowers' monthly payments by more than 20 percent. The serious delinquency rate dropped to 0.73 percent at the end of the fourth quarter. This compared with 3.8 percent for Federal Housing Administration (FHA) loans, 2.0 percent for Veterans Affairs (VA) loans and 2.1 percent for all loans (industry average). Additionally, the Real Estate Owned inventory declined by 3 percent in the fourth quarter to 26,485 as property dispositions continued to outpace REO acquisitions.

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