HOPE NOW State Loss Mitigation Data December 2015

Transcription

1 HOPE NOW State Loss Mitigation Data December 2015 Table of Contents Page Definitions 2 Data Overview 3 Table 1 - Delinquencies 4 Table 2 - Foreclosure Starts 7 Table 3 - Foreclosure Sales 8 Table 4 - Repayment Plans Established 9 Table 5 - Modifications Completed 10 Table 7 - Foreclosure Times 11 Table 9 - Loan Counts 12 Table 10 - Other Retention Plans Completed 13 Table 13 - Modifications Completed for New P&I Payments Reduced at least 10% or More (Non-HAMP) Table 14 - Short Sales Completed Table 15 - Deed-in-Lieu State Data is not extrapolated. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.

2 Definitions Table 1 Table 2 Table 3 Number of 60+ Loans (MBA Methodology) number of (all) loans that are 60 days past due at month end based on MBA Methodology excluding loans that are currently in Pre-Sale foreclosure. Foreclosure Starts The total number of loans referred to an attorney to initiate the legal process of foreclosure during the month. Completed Foreclosure Sale The number of loans that went to foreclosure (sheriffs) sale during the month. Table 4 Table 5 Table 6 Table 9 Table 10 Table 13 Table 14 Table 15 Formal Repayment Plans Initiated Number of loans where the customer accepted a formal, written repayment plan during the month, regardless of whether the customer performed under that plan. The plan offered to and accepted by the borrower in writing that triggers an active loss mitigation status. Informal plans should be excluded as well as HAMP Trial Period Modifications. MSP clients can use the DLQ2 plans set during the month or LMT3 utilizing step code information for the approval. Modifications Completed (Non-HAMP) Number of (delinquent and current) Non-HAMP modified, renegotiated or restructured loans, regardless of performance to date under the plan during the month. Anything that alters the terms of the contract between the borrower and the lender that assists the borrower to maintain the home and that the loan is retained. Active Formal Repayment Plans Inventory Number of loans where the customer accepted a formal, written repayment plan, regardless of whether the customer is performing under that plan. Informal plans should be excluded. All formal repayment plans that are currently active in Loss Mitigation should be reported excluding HAMP Trial Period Modifications. MSP clients can use the DLQ2 plans set during the month or LMT3 utilizing step code information for the approval. Number of Loans Serviced Active 1st lien mortgages (all loans) by state at month end. Other Retention Plans Completed -- Number of loans where the customer completed the terms of other retention plan such as; FHA Partial Claim, FHA Secured, VA Refund, Stipulated Repayment / Stip-to-Mod, Forbearance Plans, MI Claim Advance, Reaged / Deferred / Extended, FNMA Home Saver Forbearance, Payment Reduction Plan, or other GSE-sponsored forbearance program. Modifications Completed for New P&I Payments Reduced at least 10% or greater (Non-HAMP) Number of (delinquent and current) Non-HAMP modified, renegotiated or restructured loans, regardless of performance to date under the plan during the month for all New P&I Payments Reduced at least 10% or greater. Anything that alters the terms of the contract between the borrower and the lender that assists the borrower to maintain the home and that the loan is retained. Short Sales Completed Number of mortgage allowed to pay off paying less than the contractual principal balance. Deed-In-Lieu of Foreclosure Number of mortgages satisfied by the acceptance of the properties Deed-in-Lieu of proceeding with a foreclosure action. 2

3 HOPE NOW December 2015 Estimated Industry loans (thousands based on MBA extrapolation methodology) Q Q Q Q Q Q Q Q Q ,938 47,197 46,810 46,686 46,502 46,432 45,684 44,720 44,154 Prime 41,702 43,029 42,750 42,686 42,495 42,340 41,676 41,444 40,990 Subprime 4,236 4,168 4,060 4,000 4,007 4,093 4,007 3,276 3,164 Industry market coverage statistics are based on quarterly Mortgage Bankers Association's Delinquency Survey. The MBA estimates that its survey covers approximately 88% of first residential liens; industry estimates are derived by dividing HOPE NOW survey data by This assumption changed from 85% in Q HOPE NOW loans (thousands) Q Q Q Q Q Q Q Q Q Number 29,639 29,647 29,111 28,413 27,875 26,676 26,029 25,346 25,087 Prime 25,163 25,097 24,682 24,146 23,628 22,329 21,585 20,974 20,773 Subprime 4,476 4,550 4,429 4,267 4,247 4,346 4,444 4,372 4,314 Percentage of Industry 65% 63% 62% 61% 60% 57% 57% 57% 57% Prime 60% 58% 58% 57% 56% 53% 52% 51% 51% Subprime 106% 109% 109% 107% 106% 106% 111% 133% 136% HOPE NOW Loans As a Percentage of Industry Estimated Loans (thousands of residential mortgage Hope Now Alliance Survey (Q4-2015) MBA Delinquency Survey (Q4-2015) Extrapolated MBA Survey Hope Now Estimated Percent of Industry Loan Count 25,087 38,856 44, % Prime Loan Count 20,773 36,071 40, % Subprime Loan Count 4,314 2,784 3, % Survey data may be restated from time to time based on servicers' collection and reporting. HOPE NOW reports State data as provided by servicers and aggregated. Data changes will generally be reflected in monthly reporting except for changes prior to the current year. 3

4 Table 1 - Delinquency Data The columns below show the adjusted monthly average number State Q Q Q Q Q Oct 2015 Nov 2015 Dec 2015 Alabama 21,994 20,225 19,075 19,125 18,906 19,051 18,965 18,701 Alaska 1,120 1,143 1,096 1, Arizona 21,874 20,052 18,136 17,819 18,252 18,289 18,444 18,024 Arkansas 9,951 9,180 8,421 8,330 8,224 8,274 8,181 8,217 California 118, ,187 99,808 94, , , ,035 97,864 Colorado 15,043 13,917 12,321 11,505 11,110 11,269 11,150 10,911 Connecticut 21,376 20,774 19,428 18,283 17,833 18,084 17,933 17,481 Delaware 6,363 6,026 5,944 6,011 6,130 6,181 6,167 6,043 District of Columbia 3,912 3,637 3,244 3,069 2,928 2,971 2,949 2,865 Florida 163, , , , , , , ,212 Georgia 58,090 53,273 49,606 49,154 48,638 48,865 48,861 48,189 Hawaii 5,973 5,867 5,715 5,492 5,340 5,402 5,371 5,246 Idaho 4,241 3,887 3,583 3,465 3,383 3,392 3,412 3,344 Illinois 65,419 60,160 55,471 54,339 53,604 54,390 53,843 52,579 Indiana 29,012 26,357 24,587 24,454 24,091 24,287 24,084 23,901 Iowa 6,675 6,116 5,641 5,612 5,485 5,470 5,475 5,510 Kansas 7,691 7,141 6,677 6,564 6,574 6,574 6,626 6,521 Kentucky 13,429 12,230 11,356 11,355 11,134 11,258 11,157 10,986 Louisiana 19,158 17,818 16,776 17,150 17,459 17,409 17,535 17,432 Maine 6,229 6,194 5,877 5,753 5,583 5,630 5,596 5,523 Maryland 48,988 45,747 43,175 40,743 40,031 40,395 40,346 39,353 Massachusetts 31,440 30,647 29,930 28,595 27,763 28,153 27,932 27,205 Michigan 32,854 29,597 27,725 27,302 26,769 27,117 27,052 26,137 Minnesota 14,599 13,379 12,334 11,693 11,491 11,543 11,604 11,325 Mississippi 12,072 11,147 10,398 10,603 10,631 10,689 10,635 10,570 Missouri 21,901 19,910 18,537 18,274 18,072 18,239 18,300 17,678 Montana 1,672 1,574 1,441 1,428 1,429 1,401 1,448 1,439 Nebraska 4,497 4,242 4,086 4,046 4,023 4,005 4,076 3,988 Nevada 21,636 19,632 18,059 17,010 16,499 16,699 16,693 16,104 New Hampshire 4,930 4,738 4,470 4,288 4,170 4,247 4,195 4,069 New Jersey 81,073 79,958 78,257 75,357 74,127 75,175 74,771 72,434 New Mexico 7,700 7,526 7,159 7,016 6,868 6,916 6,911 6,776 New York 103, ,290 98,690 96,611 95,302 95,884 96,265 93,756 North Carolina 46,114 42,218 39,284 38,584 38,326 38,632 38,521 37,825 North Dakota Ohio 46,538 42,139 39,363 38,910 38,282 38,682 38,438 37,727 Oklahoma 11,761 10,878 10,145 10,374 10,259 10,277 10,339 10,162 Oregon 15,936 15,042 14,286 13,319 12,434 12,803 12,501 11,998 Pennsylvania 60,572 56,032 52,477 51,538 51,547 51,548 52,023 51,069 Rhode Island 6,033 5,758 5,511 5,418 5,123 5,275 5,145 4,948 South Carolina 23,893 22,007 20,402 20,158 20,452 20,436 20,567 20,353 South Dakota 1,090 1, Tennessee 29,613 27,085 25,445 24,905 24,255 24,658 24,187 23,921 Texas 97,381 88,044 80,385 81,799 82,546 82,130 82,947 82,560 Utah 9,056 8,276 7,384 7,119 7,004 7,062 7,001 6,950 Vermont 1,714 1,631 1,552 1,498 1,471 1,447 1,490 1,475 Virginia 34,596 31,955 30,145 29,355 29,468 29,671 29,677 29,056 Washington 31,011 28,727 26,058 23,685 22,405 22,696 22,718 21,802 West Virginia 4,172 3,769 3,606 3,658 3,729 3,690 3,760 3,738 Wisconsin 14,286 13,077 12,274 12,036 11,909 11,999 11,921 11,806 Wyoming ,420,955 1,319,720 1,230,260 1,194,131 1,182,197 1,193,393 1,190,257 1,162,941 4

5 Table 1 - Delinquency Data State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 60+ Delinquency Rate (MBA) Q Q Q Q Q Oct 2015 Nov 2015 Dec % 5.75% 5.57% 5.76% 5.82% 5.82% 5.81% 5.83% 1.91% 1.98% 1.93% 1.94% 1.66% 1.62% 1.66% 1.71% 2.84% 2.69% 2.50% 2.52% 2.61% 2.59% 2.63% 2.60% 5.57% 5.26% 4.96% 5.06% 5.13% 5.11% 5.11% 5.17% 3.11% 2.97% 2.79% 2.70% 2.83% 2.85% 2.85% 2.79% 2.41% 2.32% 2.13% 2.07% 2.04% 2.05% 2.05% 2.03% 6.57% 6.60% 6.30% 6.06% 5.97% 6.01% 5.98% 5.91% 6.21% 6.06% 5.80% 5.74% 5.70% 5.71% 5.73% 5.67% 4.80% 4.69% 4.54% 4.62% 4.70% 4.74% 4.73% 4.62% 7.74% 7.32% 6.79% 6.51% 6.24% 6.33% 6.27% 6.11% 5.28% 5.00% 4.74% 4.81% 4.85% 4.84% 4.87% 4.85% 6.43% 6.53% 6.56% 6.50% 6.47% 6.49% 6.50% 6.44% 2.90% 2.71% 2.58% 2.57% 2.57% 2.55% 2.58% 2.57% 5.63% 5.71% 5.37% 5.38% 5.35% 5.39% 5.36% 5.29% 5.88% 5.75% 5.51% 5.65% 5.68% 5.67% 5.67% 5.69% 3.87% 3.66% 3.48% 3.57% 3.56% 3.53% 3.53% 3.61% 4.11% 3.88% 3.75% 3.81% 3.87% 3.84% 3.90% 3.87% 5.40% 5.40% 5.16% 5.33% 5.35% 5.36% 5.34% 5.34% 6.13% 5.86% 5.65% 5.96% 6.18% 6.12% 6.19% 6.24% 7.20% 7.25% 7.02% 7.04% 6.94% 6.94% 6.95% 6.92% 6.59% 6.53% 6.29% 6.07% 6.02% 6.04% 6.06% 5.97% 6.39% 6.42% 6.38% 6.24% 6.12% 6.16% 6.14% 6.05% 4.27% 4.16% 4.01% 4.07% 4.06% 4.08% 4.09% 4.00% 2.62% 2.47% 2.32% 2.26% 2.25% 2.24% 2.27% 2.24% 8.48% 8.04% 7.70% 8.12% 8.29% 8.28% 8.25% 8.35% 4.60% 4.32% 4.13% 4.20% 4.23% 4.24% 4.28% 4.18% 2.23% 2.13% 2.00% 2.03% 2.07% 2.02% 2.08% 2.10% 3.47% 3.33% 3.30% 3.36% 3.39% 3.37% 3.41% 3.39% 6.55% 6.11% 5.80% 5.62% 5.51% 5.54% 5.56% 5.43% 4.28% 4.17% 3.98% 3.90% 3.83% 3.87% 3.85% 3.77% 8.97% 9.18% 9.16% 9.03% 8.93% 8.99% 8.99% 8.81% 4.63% 4.67% 4.55% 4.57% 4.54% 4.56% 4.54% 4.53% 7.82% 7.82% 7.67% 7.65% 7.62% 7.63% 7.68% 7.55% 4.72% 4.53% 4.29% 4.31% 4.37% 4.36% 4.39% 4.35% 1.48% 1.43% 1.43% 1.54% 1.54% 1.49% 1.52% 1.61% 6.01% 6.14% 5.89% 5.99% 6.01% 6.02% 6.02% 5.99% 5.02% 4.76% 4.60% 4.88% 4.95% 4.91% 4.98% 4.97% 3.82% 3.72% 3.65% 3.53% 3.37% 3.44% 3.38% 3.30% 5.90% 5.84% 5.58% 5.60% 5.68% 5.63% 5.71% 5.69% 7.79% 7.71% 7.56% 7.61% 7.26% 7.44% 7.27% 7.07% 5.27% 5.03% 4.76% 4.82% 4.97% 4.94% 4.99% 4.99% 2.16% 2.07% 1.97% 1.98% 2.00% 1.97% 2.00% 2.04% 5.62% 5.30% 5.13% 5.20% 5.19% 5.23% 5.16% 5.18% 4.39% 4.12% 3.86% 4.05% 4.13% 4.08% 4.14% 4.17% 3.27% 3.08% 2.84% 2.84% 2.84% 2.84% 2.83% 2.85% 5.20% 5.15% 5.01% 4.96% 4.96% 4.85% 5.02% 5.01% 3.67% 3.59% 3.46% 3.44% 3.49% 3.49% 3.51% 3.47% 4.13% 3.96% 3.71% 3.48% 3.36% 3.37% 3.40% 3.31% 5.46% 5.15% 5.03% 5.25% 5.46% 5.37% 5.46% 5.56% 4.38% 4.20% 4.06% 4.11% 4.13% 4.12% 4.13% 4.15% 2.38% 2.26% 2.18% 2.34% 2.41% 2.34% 2.40% 2.49% 5.10% 4.95% 4.73% 4.71% 4.71% 4.72% 4.73% 4.68% 5

6 Table 1 - Delinquency Data The columns below show the state delinquency rate relative to the national delinquency rate; a value greater than 100 means that the state's delinquency rate is above the national average State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Delinquency Index = State/Industry Q Q Q Q Q Oct 2015 Nov 2015 Dec

7 Table 2 - Foreclosure Starts The columns below show the adjusted number of foreclosure starts by state reported by HOPE NOW servicers. Foreclosure Starts Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct-2015 Nov-2015 Dec-2015 Alabama 2,543 2,495 2,007 2,131 1, Alaska Arizona 2,920 2,966 2,311 2,070 2, Arkansas 1,139 1,182 1, California 11,199 11,263 8,336 7,617 9,107 3,651 2,528 2,928 Colorado 1,617 1,253 1,400 1,217 1, Connecticut 1,811 1,347 1,860 1,653 1, Delaware District of Columbia Florida 11,685 10,998 9,764 8,431 8,322 3,068 2,305 2,949 Georgia 7,247 6,323 5,528 5,304 4,797 1,710 1,435 1,652 Hawaii Idaho Illinois 6,381 5,828 5,308 4,437 4,177 1,551 1,271 1,355 Indiana 2,962 3,202 2,295 2,438 2, Iowa Kansas 929 1, Kentucky 1,363 1,407 1,111 1, Louisiana 1,639 1,806 1,402 1,453 1, Maine Maryland 5,904 4,345 4,389 4,392 3,506 1,268 1,019 1,219 Massachusetts 2,258 3,198 1,842 2,078 1, Michigan 3,579 4,214 3,157 2,986 2, Minnesota 2,534 1,960 1,626 1,518 1, Mississippi 1,257 1,125 1,071 1, Missouri 3,107 2,826 2,438 2,298 2, Montana Nebraska Nevada 2,047 2,425 1,777 1,636 1, New Hampshire New Jersey 7,035 7,337 6,160 4,476 4,965 1,960 1,409 1,596 New Mexico New York 7,413 7,312 6,433 5,907 5,114 1,778 1,637 1,699 North Carolina 4,611 4,433 4,217 4,012 3,680 1,295 1,133 1,252 North Dakota Ohio 4,828 4,646 4,034 3,910 3,612 1,257 1,110 1,245 Oklahoma 1,322 1,517 1, , Oregon 1,305 1,439 1,425 1,177 1, Pennsylvania 5,436 5,409 4,994 4,589 4,368 1,629 1,258 1,481 Rhode Island South Carolina 2,137 2,563 2,083 2,001 1, South Dakota Tennessee 3,292 3,329 2,651 2,711 2, Texas 10,441 9,697 7,854 7,144 8,285 3,465 2,463 2,357 Utah 1,028 1, Vermont Virginia 4,314 4,003 3,570 3,249 3,102 1, ,075 Washington 3,501 2,582 3,340 2,523 2, West Virginia Wisconsin 1,680 1,810 1,372 1,341 1, Wyoming , , , , ,590 37,799 29,881 33,910 7

8 Table 3 - Foreclosure Sales Completed The columns below show the adjusted number of completed foreclosure sales by state reported by HOPE NOW servicers. Foreclosure Sales Completed Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct-2015 Nov-2015 Dec-2015 Alabama 1,386 1,233 1,149 1,019 1, Alaska Arizona 1,223 1,172 1,166 1,148 1, Arkansas California 3,406 2,829 3,090 2,493 2,787 1, Colorado Connecticut 1,045 1, Delaware District of Columbia Florida 13,637 13,862 11,194 8,929 7,239 2,764 2,326 2,149 Georgia 2,999 2,499 2,494 2,277 2, Hawaii Idaho Illinois 3,858 3,610 3,033 2,643 2,850 1, Indiana 1,410 1,432 1,368 1,162 1, Iowa Kansas Kentucky Louisiana Maine Maryland 2,126 2,137 1,999 1,958 1, Massachusetts Michigan 2,459 2,310 1,950 1,704 1, Minnesota 1,044 1, Mississippi Missouri 1,429 1,373 1,305 1,118 1, Montana Nebraska Nevada New Hampshire New Jersey 1,602 2,113 2,527 2,886 2,622 1, New Mexico New York 1,606 1,824 2,097 2,166 1, North Carolina 2,340 2,218 2,187 2,000 1, North Dakota Ohio 2,875 2,362 2,258 1,916 2, Oklahoma Oregon Pennsylvania 2,446 2,241 2,108 2,024 2, Rhode Island South Carolina 1, , South Dakota Tennessee 1,577 1,446 1,566 1,469 1, Texas 3,506 3,389 2,851 2,017 2, Utah Vermont Virginia 1,464 1,511 1,621 1,495 1, Washington 1,661 1,434 1,108 1,180 1, West Virginia Wisconsin Wyoming ,505 64,446 59,765 52,885 52,632 19,430 16,520 16,682 8

9 Table 4 - Repayment Plans Established The columns below show the adjusted number of repayment plans established by state reported by HOPE NOW servicers. The definition of this field was modified in December Repayment Plans Established Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct-2015 Nov-2015 Dec-2015 Alabama 1,734 1,593 1,329 1,253 1, Alaska Arizona 2,124 1,972 1,403 1,519 1, Arkansas California 9,335 9,093 5,541 6,597 6,511 2,330 2,137 2,044 Colorado 1,500 1,524 1, Connecticut 1,740 1,627 1,043 1,193 1, Delaware District of Columbia Florida 9,485 8,078 4,982 5,845 5,467 1,968 1,773 1,726 Georgia 5,162 4,686 3,529 3,651 3,463 1,183 1,135 1,145 Hawaii Idaho Illinois 5,004 4,642 3,218 3,498 3,676 1,348 1,201 1,127 Indiana 2,435 2,243 1,660 1,735 1, Iowa Kansas Kentucky 1, Louisiana 1,766 1,710 1,222 1,327 1, Maine Maryland 4,144 3,792 2,642 2,879 2, Massachusetts 2,153 2,052 1,327 1,599 1, Michigan 2,618 2,295 1,676 2,021 1, Minnesota 1,578 1,513 1, Mississippi Missouri 1,831 1,680 1,286 1,299 1, Montana Nebraska Nevada New Hampshire New Jersey 5,741 5,095 3,549 3,535 3,531 1,272 1,137 1,122 New Mexico New York 7,322 6,586 4,269 4,869 4,965 1,688 1,710 1,567 North Carolina 4,159 3,896 3,003 2,903 2, North Dakota Ohio 3,566 3,288 2,428 2,686 2, Oklahoma 1,045 1, Oregon 1, Pennsylvania 5,826 5,326 3,693 3,948 3,856 1,317 1,284 1,255 Rhode Island South Carolina 2,116 2,082 1,476 1,521 1, South Dakota Tennessee 2,429 2,168 1,701 1,722 1, Texas 10,183 9,511 7,490 7,410 6,926 2,423 2,289 2,214 Utah Vermont Virginia 3,211 3,081 2,256 2,210 1, Washington 2,068 1,927 1,415 1,359 1, West Virginia Wisconsin 1,413 1, Wyoming , ,420 74,513 78,608 74,469 26,232 24,361 23,876 9

10 Table 5 - Modifications Completed The columns below show the adjusted number of modifications completed by state reported by HOPE NOW servicers. The definition of this field was modified slightly in December 2009 to include current modifications and specifically exclude HAMP. Modifications Completed Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct-2015 Nov-2015 Dec-2015 Alabama Alaska Arizona Arkansas California 5,431 5,945 5,157 4,594 4,185 1,564 1,209 1,412 Colorado Connecticut 991 1, Delaware District of Columbia Florida 5,746 6,232 5,787 4,579 4,000 1,455 1,202 1,343 Georgia 2,409 2,590 2,350 2,104 1, Hawaii Idaho Illinois 2,820 2,831 2,670 2,439 2, Indiana 1,051 1,091 1, Iowa Kansas Kentucky Louisiana Maine Maryland 2,167 2,205 2,034 1,825 1, Massachusetts 1,352 1,375 1,277 1,127 1, Michigan 1,494 1,427 1,296 1,090 1, Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 2,573 3,027 2,896 2,564 2, New Mexico New York 3,628 4,071 3,776 3,478 3,100 1, ,043 North Carolina 1,996 2,032 1,981 1,688 1, North Dakota Ohio 1,680 1,850 1,687 1,592 1, Oklahoma Oregon Pennsylvania 2,731 2,738 2,387 2,163 1, Rhode Island South Carolina 1,041 1,173 1, South Dakota Tennessee 1,160 1,129 1, Texas 3,126 3,042 2,956 2,718 2, Utah Vermont Virginia 1,518 1,593 1,524 1,429 1, Washington 1,064 1,228 1, West Virginia Wisconsin Wyoming ,533 58,867 54,737 48,293 43,781 15,493 13,375 14,913 10

11 Table 7 - State Timelines for Foreclosure Starts and Completions Time Limit from Last Payment to Completion First Lien - Referred to FC prior to 10/1/2011 Time Limit from Last Payment to Completion First Lien - Referred to FC on or after 10/1/2011 Time Limit From Initiation to Completion Maximum Delinquency Period Number of Loans as of Dec 2015 State Alabama ,575 Alaska ,729 Arizona ,156 Arkansas ,992 California ,502,498 Colorado ,869 Connecticut ,808 Delaware ,574 District of Columbia ,969 Florida ,869,594 Georgia ,225 Hawaii ,504 Idaho ,034 Illinois ,218 Indiana ,270 Iowa ,519 Kansas ,415 Kentucky ,765 Louisiana ,206 Maine ,783 Maryland ,150 Massachusetts ,903 Michigan ,386 Minnesota ,311 Mississippi ,539 Missouri ,519 Montana ,491 Nebraska ,587 Nevada ,578 New Hampshire ,941 New Jersey ,392 New Mexico ,489 New York ,242,499 North Carolina ,369 North Dakota ,213 Ohio ,275 Oklahoma ,510 Oregon ,993 Pennsylvania ,180 Rhode Island ,032 South Carolina ,522 South Dakota ,398 Tennessee ,441 Texas ,981,134 Utah ,050 Vermont ,433 Virginia ,260 Washington ,772 West Virginia ,213 Wisconsin ,648 Wyoming ,534 24,846,465 Weighted Average Minimum Maximum Source: Freddie Mac State Foreclosure Timelines and HOPE NOW Timeline only changed for mortgages reffered to prior to October 1, 2011 Both timelines experienced a change 11

12 Table 9 - Loan Counts The columns below show the adjusted average total loan count by state reported by HOPE NOW servicers. Loan Counts Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Sep 2015 Oct 2015 Nov 2015 Dec 2015 Alabama 370, , , , , , , , ,575 Alaska 58,612 57,777 56,737 55,847 55,255 55,526 55,328 55,708 54,729 Arizona 770, , , , , , , , ,156 Arkansas 178, , , , , , , , ,992 California 3,798,402 3,671,853 3,578,269 3,492,417 3,532,631 3,465,603 3,556,198 3,539,196 3,502,498 Colorado 624, , , , , , , , ,869 Connecticut 325, , , , , , , , ,808 Delaware 102,415 99, , , , , , , ,574 District of Columbia 81,488 77,505 71,411 66,427 62,340 62,277 62,707 62,344 61,969 Florida 2,105,355 2,009,640 1,955,125 1,900,644 1,889,685 1,883,216 1,903,636 1,895,826 1,869,594 Georgia 1,101,212 1,064,789 1,046,202 1,021,289 1,002,869 1,013,193 1,010,534 1,003, ,225 Hawaii 92,882 89,802 87,142 84,474 82,487 83,746 83,280 82,676 81,504 Idaho 146, , , , , , , , ,034 Illinois 1,161,613 1,053,122 1,032,295 1,009,347 1,002,512 1,002,626 1,008,517 1,004, ,218 Indiana 493, , , , , , , , ,270 Iowa 172, , , , , , , , ,519 Kansas 187, , , , , , , , ,415 Kentucky 248, , , , , , , , ,765 Louisiana 312, , , , , , , , ,206 Maine 86,555 85,406 83,726 81,750 80,474 81,312 81,133 80,507 79,783 Maryland 743, , , , , , , , ,150 Massachusetts 492, , , , , , , , ,903 Michigan 769, , , , , , , , ,386 Minnesota 557, , , , , , , , ,311 Mississippi 142, , , , , , , , ,539 Missouri 475, , , , , , , , ,519 Montana 75,106 74,021 72,210 70,173 69,206 69,605 69,512 69,615 68,491 Nebraska 129, , , , , , , , ,587 Nevada 330, , , , , , , , ,578 New Hampshire 115, , , , , , , , ,941 New Jersey 903, , , , , , , , ,392 New Mexico 166, , , , , , , , ,489 New York 1,326,243 1,307,253 1,286,728 1,263,264 1,250,707 1,254,867 1,256,509 1,253,114 1,242,499 North Carolina 976, , , , , , , , ,369 North Dakota 30,191 29,636 28,876 28,064 27,532 27,797 27,638 27,744 27,213 Ohio 774, , , , , , , , ,275 Oklahoma 234, , , , , , , , ,510 Oregon 417, , , , , , , , ,993 Pennsylvania 1,027, , , , , , , , ,180 Rhode Island 77,492 74,674 72,885 71,161 70,577 70,685 70,893 70,807 70,032 South Carolina 453, , , , , , , , ,522 South Dakota 50,442 48,522 47,333 45,983 44,799 45,606 45,494 45,505 43,398 Tennessee 527, , , , , , , , ,441 Texas 2,215,887 2,137,342 2,080,700 2,021,325 1,998,873 2,003,727 2,011,613 2,003,873 1,981,134 Utah 276, , , , , , , , ,050 Vermont 32,929 31,640 30,976 30,179 29,649 29,961 29,844 29,671 29,433 Virginia 941, , , , , , , , ,260 Washington 750, , , , , , , , ,772 West Virginia 76,433 73,219 71,662 69,657 68,262 68,978 68,744 68,828 67,213 Wisconsin 325, , , , , , , , ,648 Wyoming 41,678 40,768 39,558 37,882 36,976 37,448 37,322 37,071 36,534 27,875,266 26,675,598 26,029,181 25,346,466 25,086,742 25,137,383 25,270,181 25,143,579 24,846,465 12

13 Table 10 - Other Retention Plans Completed Other Retention Plans Completed State Q Q Q Q Q Oct 2015 Nov 2015 Dec 2015 Alabama Alaska Arizona Arkansas California 5,270 5,135 4,445 3,950 3,608 1,236 1,135 1,237 Colorado Connecticut 1,077 1, Delaware District of Columbia Florida 6,307 5,479 4,941 4,105 3,745 1,299 1,101 1,345 Georgia 2,613 2,436 2,101 1,949 1, Hawaii Idaho Illinois 3,199 2,884 2,776 2,178 2, Indiana 1,438 1,436 1,237 1,042 1, Iowa Kansas Kentucky Louisiana 983 1, Maine Maryland 2,268 2,117 1,977 1,737 1, Massachusetts 1,327 1,168 1, Michigan 1,675 1,574 1,344 1,169 1, Minnesota Mississippi Missouri 1,137 1, Montana Nebraska Nevada New Hampshire New Jersey 2,992 2,814 2,632 2,317 2, New Mexico New York 4,723 4,528 4,647 3,919 3,560 1,285 1,109 1,166 North Carolina 2,266 2,102 2,042 1,646 1, North Dakota Ohio 2,344 2,262 2,094 1,836 1, Oklahoma Oregon Pennsylvania 3,189 3,242 2,768 2,496 2, Rhode Island South Carolina 1,280 1,213 1, South Dakota Tennessee 1,324 1,272 1,085 1, Texas 3,818 3,769 3,368 2,983 2,952 1, Utah Vermont Virginia 1,813 1,771 1,629 1,388 1, Washington 1,096 1, West Virginia Wisconsin Wyoming ,591 60,538 55,495 47,324 44,331 15,597 13,725 15,009 13

14 Table 13 - P and I Reduction Modifications Completed Reduced at Least 10% or Greater (Non-HAMP) Modifications Completed for New P&I Payments Reduced at least 10% or Greater (Non-HAMP) State Q Q Q Q Q Oct 2015 Nov 2015 Dec 2015 Alabama Alaska Arizona Arkansas California 3,233 3,717 3,237 2,822 2, Colorado Connecticut Delaware District of Columbia Florida 3,455 3,851 3,502 2,770 2, Georgia 1,547 1,778 1,592 1,400 1, Hawaii Idaho Illinois 1,781 1,819 1,654 1,605 1, Indiana Iowa Kansas Kentucky Louisiana Maine Maryland 1,268 1,411 1,249 1, Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 1,615 1,871 1,744 1,497 1, New Mexico New York 2,195 2,533 2,315 2,148 1, North Carolina 1,236 1,349 1,279 1,105 1, North Dakota Ohio 1,086 1,207 1,064 1, Oklahoma Oregon Pennsylvania 1,645 1,813 1,584 1,412 1, Rhode Island South Carolina South Dakota Tennessee Texas 1,718 2,054 2,005 1,865 1, Utah Vermont Virginia 911 1, Washington West Virginia Wisconsin Wyoming ,099 37,895 34,540 30,117 26,354 9,271 8,083 9,000 14

15 Table 14 - Short Sales Completed The columns below show the adjusted number of short sales established by state reported by HOPE NOW servicers. Tracking this field began in December Short Sales Completed Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct 2015 Nov 2015 Dec 2015 Alabama Alaska Arizona Arkansas California 2,873 2,293 2,458 2,055 1, Colorado Connecticut Delaware District of Columbia Florida 3,535 2,597 2,612 2,372 2, Georgia Hawaii Idaho Illinois 1, Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 1, ,026 1,021 1, New Mexico New York 1, North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming ,788 15,719 16,364 14,483 13,132 4,656 3,913 4,563 15

16 Table 15 - Deen-in-Lieu The columns below show the adjusted number of deed-in-lieu established by state reported by HOPE NOW servicers. Tracking this field began in December Deed-in-Lieu Adjusted for all HOPE NOW Servicers State Q Q Q Q Q Oct 2015 Nov 2015 Dec 2015 Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming ,405 4,032 3,703 3,260 2,923 1,