HOPE NOW State Loss Mitigation Data December 2016

Transcription

1 HOPE NOW State Loss Mitigation Data December 2016 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 2016 Estimated Industry loans (thousands based on MBA extrapolation methodology) Q Q Q Q Q Q Q Q Q ,502 46,432 45,684 44,720 44,154 44,248 42,841 43,178 43,263 Prime 42,495 42,340 41,676 41,444 40,990 40,957 39,657 40,014 40,587 Subprime 4,007 4,093 4,007 3,276 3,164 3,291 3,183 3,164 2,676 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 27,875 26,676 26,029 25,346 25,087 21,442 21,020 20,898 21,082 Prime 23,628 22,329 21,585 20,974 20,773 17,506 17,209 16,927 16,835 Subprime 4,247 4,346 4,444 4,372 4,314 3,936 3,811 3,970 4,248 Percentage of Industry 60% 57% 57% 57% 57% 48% 49% 48% 49% Prime 56% 53% 52% 51% 51% 43% 43% 42% 41% Subprime 106% 106% 111% 133% 136% 120% 120% 125% 159% HOPE NOW Loans As a Percentage of Industry Hope Now Alliance Survey (Q4-2016) MBA Delinquency Survey (Q4-2016) Extrapolated MBA Survey Hope Now Estimated Percent of Industry Loan Count 21,082 38,071 43, % Prime Loan Count 16,835 35,716 40, % Subprime Loan Count 4,248 2,355 2, % 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 of 60 days+ delinquent loans by state reported by HOPE NOW servicers. State Q Q Q Q Q Oct 2016 Nov 2016 Dec 2016 Alabama 18,906 15,718 14,218 13,941 13,784 13,758 13,549 14,046 Alaska , ,139 Arizona 18,252 16,074 14,335 14,501 14,238 14,442 13,549 14,722 Arkansas 8,224 8,567 7,894 8,129 7,958 8,178 7,263 8,434 California 100,142 87,858 79,404 76,842 73,567 74,603 72,500 73,598 Colorado 11,110 10,361 9,291 9,053 8,609 8,718 8,267 8,843 Connecticut 17,833 16,487 15,199 14,811 14,433 14,478 14,134 14,687 Delaware 6,130 5,744 5,389 5,270 5,120 5,172 4,963 5,225 District of Columbia 2,928 2,801 2,599 2,492 2,398 2,416 2,393 2,384 Florida 117, ,299 95,609 89,940 86,533 88,105 85,061 86,432 Georgia 48,638 41,755 37,755 37,194 36,951 36,912 36,505 37,435 Hawaii 5,340 4,986 4,683 4,357 4,133 4,203 4,155 4,041 Idaho 3,383 3,033 2,766 2,697 2,507 2,562 2,418 2,540 Illinois 53,604 49,025 44,594 44,255 42,991 43,435 41,357 44,181 Indiana 24,091 22,613 20,628 20,863 20,446 20,599 19,325 21,415 Iowa 5,485 6,389 5,811 6,073 5,844 5,985 5,379 6,167 Kansas 6,574 6,460 5,967 6,140 5,958 6,043 5,531 6,300 Kentucky 11,134 10,662 9,764 9,743 9,415 9,449 9,026 9,769 Louisiana 17,459 14,923 13,978 14,543 14,915 15,406 14,484 14,854 Maine 5,583 5,047 4,675 4,481 4,255 4,196 4,193 4,377 Maryland 40,031 36,748 33,395 32,147 31,275 31,377 30,807 31,641 Massachusetts 27,763 24,542 22,249 21,112 20,198 20,284 19,882 20,427 Michigan 26,769 22,664 20,367 20,442 20,076 20,265 19,131 20,832 Minnesota 11,491 13,009 11,765 12,436 11,872 12,273 10,329 13,015 Mississippi 10,631 8,601 7,918 7,824 7,819 7,795 7,728 7,934 Missouri 18,072 17,954 16,456 16,722 16,101 16,547 14,802 16,955 Montana 1,429 1,397 1,342 1,331 1,241 1,247 1,134 1,341 Nebraska 4,023 4,936 4,165 4,548 4,255 4,464 3,560 4,741 Nevada 16,499 15,175 13,670 12,712 11,853 12,134 11,580 11,845 New Hampshire 4,170 3,537 3,200 3,113 3,075 3,056 3,022 3,147 New Jersey 74,127 68,930 63,548 59,174 56,141 57,046 55,757 55,620 New Mexico 6,868 6,774 6,313 6,255 6,113 6,166 5,924 6,248 New York 95,302 87,461 81,379 77,814 76,854 77,311 76,208 77,044 North Carolina 38,326 33,126 29,950 29,607 29,919 29,655 29,458 30,645 North Dakota Ohio 38,282 41,749 38,916 39,173 37,942 38,742 35,532 39,553 Oklahoma 10,259 10,043 9,319 9,559 9,403 9,548 8,791 9,869 Oregon 12,434 11,313 10,076 9,293 8,592 8,795 8,411 8,570 Pennsylvania 51,547 44,340 41,203 40,446 39,910 39,918 39,207 40,606 Rhode Island 5,123 4,477 4,065 3,840 3,681 3,707 3,602 3,735 South Carolina 20,452 17,670 15,946 15,620 15,939 15,771 15,705 16,340 South Dakota 898 1, Tennessee 24,255 22,952 20,968 21,170 20,531 20,966 19,274 21,352 Texas 82,546 69,160 63,312 64,564 64,744 64,067 63,561 66,604 Utah 7,004 6,360 5,782 5,689 5,359 5,468 5,153 5,456 Vermont 1,471 1,509 1,382 1,386 1,363 1,368 1,307 1,415 Virginia 29,468 25,102 22,845 22,468 22,386 22,318 22,137 22,703 Washington 22,405 20,175 18,009 16,938 15,579 16,057 15,267 15,414 West Virginia 3,729 3,014 2,736 2,805 2,852 2,838 2,806 2,912 Wisconsin 11,909 12,013 11,100 11,238 10,682 10,864 10,155 11,027 Wyoming ,182,197 1,073, , , , , , ,010 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 Q Q Q Q Q Oct 2016 Nov 2016 Dec % 5.77% 5.37% 5.31% 5.26% 5.23% 5.17% 5.40% 1.66% 1.68% 1.74% 1.83% 1.65% 1.61% 1.50% 1.85% 2.61% 2.71% 2.46% 2.49% 2.42% 2.45% 2.31% 2.49% 5.13% 5.47% 5.13% 5.31% 5.20% 5.33% 4.75% 5.52% 2.83% 2.99% 2.75% 2.67% 2.53% 2.56% 2.50% 2.53% 2.04% 2.21% 2.04% 2.00% 1.89% 1.91% 1.82% 1.95% 5.97% 6.69% 6.27% 6.15% 5.95% 5.97% 5.83% 6.04% 5.70% 6.31% 6.01% 5.89% 5.68% 5.74% 5.50% 5.79% 4.70% 4.96% 4.65% 4.46% 4.22% 4.27% 4.20% 4.18% 6.24% 6.79% 6.18% 5.85% 5.60% 5.69% 5.50% 5.59% 4.85% 4.93% 4.55% 4.52% 4.48% 4.46% 4.42% 4.54% 6.47% 6.62% 6.36% 5.98% 5.61% 5.69% 5.65% 5.49% 2.57% 2.42% 2.26% 2.24% 2.08% 2.13% 2.02% 2.10% 5.35% 6.04% 5.58% 5.56% 5.37% 5.42% 5.17% 5.52% 5.68% 6.67% 6.23% 6.33% 6.21% 6.24% 5.88% 6.52% 3.56% 3.58% 3.33% 3.54% 3.44% 3.51% 3.18% 3.64% 3.87% 3.93% 3.72% 3.86% 3.76% 3.80% 3.49% 3.99% 5.35% 5.50% 5.15% 5.18% 5.02% 5.02% 4.81% 5.23% 6.18% 7.06% 6.75% 7.04% 7.22% 7.44% 7.02% 7.21% 6.94% 7.37% 6.96% 6.66% 6.24% 6.16% 6.14% 6.41% 6.02% 6.37% 5.90% 5.71% 5.50% 5.52% 5.42% 5.57% 6.12% 6.55% 6.05% 5.79% 5.48% 5.50% 5.40% 5.54% 4.06% 4.27% 3.94% 4.01% 3.97% 3.99% 3.78% 4.13% 2.25% 2.28% 2.09% 2.23% 2.14% 2.20% 1.86% 2.35% 8.29% 8.21% 7.74% 7.70% 7.70% 7.64% 7.60% 7.85% 4.23% 4.24% 3.98% 4.08% 3.94% 4.04% 3.63% 4.16% 2.07% 2.03% 1.98% 1.97% 1.84% 1.84% 1.68% 1.99% 3.39% 3.70% 3.19% 3.51% 3.26% 3.45% 2.74% 3.59% 5.51% 5.54% 5.07% 4.72% 4.37% 4.47% 4.27% 4.36% 3.83% 3.86% 3.56% 3.45% 3.35% 3.32% 3.30% 3.44% 8.93% 10.29% 9.68% 9.10% 8.56% 8.70% 8.51% 8.47% 4.54% 5.03% 4.80% 4.76% 4.60% 4.65% 4.49% 4.68% 7.62% 9.25% 8.73% 8.40% 7.66% 7.72% 7.61% 7.66% 4.37% 4.36% 4.03% 3.99% 4.01% 3.98% 3.95% 4.11% 1.54% 1.55% 1.59% 1.69% 1.58% 1.62% 1.46% 1.67% 6.01% 7.44% 7.07% 7.15% 6.92% 7.05% 6.49% 7.21% 4.95% 5.38% 5.12% 5.27% 5.11% 5.24% 4.84% 5.25% 3.37% 3.48% 3.17% 2.96% 2.74% 2.79% 2.68% 2.74% 5.68% 5.95% 5.63% 5.55% 5.44% 5.44% 5.35% 5.54% 7.26% 7.23% 6.72% 6.37% 6.01% 6.04% 5.88% 6.09% 4.97% 4.98% 4.59% 4.50% 4.56% 4.51% 4.49% 4.68% 2.00% 2.17% 2.02% 2.17% 2.06% 2.12% 1.85% 2.22% 5.19% 5.24% 4.90% 4.99% 4.85% 4.93% 4.55% 5.06% 4.13% 4.24% 3.96% 4.05% 4.04% 3.98% 3.97% 4.16% 2.84% 2.77% 2.57% 2.56% 2.38% 2.43% 2.30% 2.42% 4.96% 5.55% 5.17% 5.17% 5.01% 5.03% 4.80% 5.21% 3.49% 3.34% 3.10% 3.06% 3.02% 3.00% 2.98% 3.06% 3.36% 3.61% 3.30% 3.14% 2.89% 2.96% 2.84% 2.88% 5.46% 5.66% 5.29% 5.41% 5.47% 5.43% 5.37% 5.62% 4.13% 4.41% 4.17% 4.27% 4.09% 4.14% 3.89% 4.24% 2.41% 2.36% 2.32% 2.57% 2.53% 2.51% 2.46% 2.63% 4.71% 5.01% 4.66% 4.58% 4.43% 4.46% 4.31% 4.51% 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 2016 Nov 2016 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-2016 Nov-2016 Dec-2016 Alabama 1,924 1,838 1,696 1,652 1, Alaska Arizona 2,130 2,231 1,921 1,874 1, Arkansas California 9,107 8,225 7,641 7,128 6,268 1,810 2,123 2,335 Colorado 1,127 1, , Connecticut 1,447 1,739 1,543 1,360 1, Delaware District of Columbia Florida 8,322 7,868 8,251 6,890 5,082 1,641 1,534 1,907 Georgia 4,797 4,464 4,124 4,177 3,874 1,187 1,348 1,339 Hawaii Idaho Illinois 4,177 4,429 3,721 4,115 3,903 1,253 1,299 1,351 Indiana 2,194 2,177 1,888 2,017 1, Iowa Kansas Kentucky 993 1, Louisiana 1,508 1,333 1,139 1,214 1, Maine Maryland 3,506 3,095 2,436 3,008 2, Massachusetts 1,537 1,645 1,937 1,974 1, Michigan 2,697 2,695 2,385 2,352 2, Minnesota 1,356 1,674 1,436 1,427 1, Mississippi Missouri 2,264 1,940 2,300 2,160 1, Montana Nebraska Nevada 1,248 1,109 1,151 1,349 1, New Hampshire New Jersey 4,965 5,834 4,722 4,474 4,068 1,282 1,417 1,369 New Mexico New York 5,114 5,597 4,451 4,286 4,160 1,340 1,419 1,401 North Carolina 3,680 3,926 3,217 3,331 2, North Dakota Ohio 3,612 3,757 3,676 3,614 3,374 1,027 1,140 1,207 Oklahoma 1,321 1, , Oregon 1, Pennsylvania 4,368 4,554 3,302 3,934 3,426 1,108 1,128 1,190 Rhode Island South Carolina 1,261 2,141 1,606 1,631 1, South Dakota Tennessee 2,391 2,415 2,122 2,229 2, Texas 8,285 7,146 5,551 6,130 7,209 2,501 2,339 2,369 Utah Vermont Virginia 3,102 3,332 2,854 2,974 2, Washington 2,054 1,969 1,985 1,748 1, West Virginia Wisconsin 1,183 1,215 1,158 1,152 1, Wyoming , ,314 89,561 89,866 81,417 25,953 27,315 28,149 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-2016 Nov-2016 Dec-2016 Alabama 1,169 1, Alaska Arizona 1, Arkansas California 2,787 2,483 2,337 2,205 1, Colorado Connecticut Delaware District of Columbia Florida 7,239 7,458 6,180 5,134 3,128 1,154 1, Georgia 2,489 2,067 2,085 1,696 1, Hawaii Idaho Illinois 2,850 2,743 2,434 2,189 1, Indiana 1,209 1,344 1,330 1, Iowa Kansas Kentucky Louisiana Maine Maryland 1,975 2,105 1,485 1,697 1, Massachusetts , Michigan 1,728 1,585 1,455 1,235 1, Minnesota Mississippi Missouri 1,149 1,158 1,071 1, Montana Nebraska Nevada New Hampshire New Jersey 2,622 3,647 3,751 3,372 3,051 1,127 1, New Mexico New York 1,942 1,711 2,034 2,014 1, North Carolina 1,973 1,847 1,825 1,638 1, North Dakota Ohio 2,081 2,105 2,120 2,032 1, Oklahoma Oregon Pennsylvania 2,032 1,920 2,258 2,135 1, Rhode Island South Carolina , South Dakota Tennessee 1,399 1,279 1, Texas 2,485 2,314 1,952 1,717 1, Utah Vermont Virginia 1,526 1,468 1,176 1, Washington 1,188 1,435 1,450 1, West Virginia Wisconsin Wyoming ,632 52,649 49,481 45,108 36,998 12,174 12,876 11,948 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-2016 Nov-2016 Dec-2016 Alabama 1, ,066 1, Alaska Arizona 1,498 1,120 1,109 1,188 1, Arkansas California 6,511 5,747 6,106 6,087 7,776 2,173 2,110 3,493 Colorado Connecticut 1,181 1,075 1,053 1,132 1, Delaware District of Columbia Florida 5,467 4,499 4,690 4,421 6,010 1,699 1,713 2,598 Georgia 3,463 2,757 2,733 3,169 4,078 1,149 1,226 1,703 Hawaii Idaho Illinois 3,676 2,990 2,894 3,065 3,746 1,065 1,036 1,645 Indiana 1,598 1,278 1,249 1,346 1, Iowa Kansas Kentucky Louisiana 1,200 1,007 1,123 1,831 1, Maine Maryland 2,637 2,429 2,421 2,517 3, ,376 Massachusetts 1,464 1,296 1,267 1,358 1, Michigan 1,703 1,184 1,283 1,339 1, Minnesota Mississippi Missouri 1, , Montana Nebraska Nevada New Hampshire New Jersey 3,531 3,155 3,306 3,423 3,804 1,123 1,095 1,586 New Mexico New York 4,965 4,320 4,502 4,228 5,759 1,634 1,555 2,570 North Carolina 2,653 2,026 2,072 2,194 2, ,148 North Dakota Ohio 2,390 1,994 1,983 2,102 2, ,181 Oklahoma Oregon Pennsylvania 3,856 3,215 3,399 3,561 4,523 1,256 1,292 1,975 Rhode Island South Carolina 1,386 1,264 1,157 1,315 1, South Dakota Tennessee 1,489 1,218 1,251 1,324 1, Texas 6,926 5,484 5,617 6,352 8,439 2,483 2,382 3,574 Utah Vermont Virginia 1,980 1,651 1,690 1,803 2, ,037 Washington 1,200 1,027 1,055 1,049 1, West Virginia Wisconsin Wyoming ,469 62,362 63,163 66,847 84,836 24,409 23,897 36,530 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-2016 Nov-2016 Dec-2016 Alabama Alaska Arizona Arkansas California 4,185 3,515 4,000 3,947 3,619 1,114 1,210 1,295 Colorado Connecticut Delaware District of Columbia Florida 4,000 3,551 3,849 3,713 3,075 1, ,058 Georgia 1,955 1,708 1,755 1,623 1, Hawaii Idaho Illinois 2,215 2,085 2,318 2,207 1, Indiana Iowa Kansas Kentucky Louisiana Maine Maryland 1,677 1,529 1,610 1,584 1, Massachusetts 1, Michigan 1, Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 2,305 2,115 2,306 2,392 2, New Mexico New York 3,100 2,380 2,857 2,915 2, North Carolina 1,643 1,404 1,491 1,426 1, North Dakota Ohio 1,342 1,308 1,231 1,247 1, Oklahoma Oregon Pennsylvania 1,947 1,843 1,959 1,921 1, Rhode Island South Carolina South Dakota Tennessee Texas 2,567 2,259 2,547 2,369 2, Utah Vermont Virginia 1,251 1,178 1,279 1,198 1, Washington West Virginia Wisconsin Wyoming ,781 38,328 41,817 40,885 36,058 11,626 11,745 12,687 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 2016 State Alabama ,120 Alaska ,544 Arizona ,109 Arkansas ,746 California ,906,783 Colorado ,745 Connecticut ,095 Delaware ,241 District of Columbia ,046 Florida ,545,508 Georgia ,742 Hawaii ,581 Idaho ,824 Illinois ,168 Indiana ,605 Iowa ,503 Kansas ,783 Kentucky ,791 Louisiana ,928 Maine ,245 Maryland ,355 Massachusetts ,725 Michigan ,618 Minnesota ,974 Mississippi ,114 Missouri ,245 Montana ,278 Nebraska ,920 Nevada ,501 New Hampshire ,599 New Jersey ,636 New Mexico ,522 New York ,006,164 North Carolina ,102 North Dakota ,367 Ohio ,768 Oklahoma ,107 Oregon ,311 Pennsylvania ,802 Rhode Island ,281 South Carolina ,072 South Dakota ,518 Tennessee ,929 Texas ,602,220 Utah ,141 Vermont ,142 Virginia ,616 Washington ,387 West Virginia ,839 Wisconsin ,036 Wyoming ,285 21,072,681 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 Oct 2016 Nov 2016 Dec 2016 Alabama 324, , , , , , , ,120 Alaska 55,255 55,883 54,899 54,709 59,441 55,243 61,535 61,544 Arizona 699, , , , , , , ,109 Arkansas 160, , , , , , , ,746 California 3,532,631 2,933,871 2,888,576 2,874,315 2,906,574 2,909,193 2,903,747 2,906,783 Colorado 544, , , , , , , ,745 Connecticut 298, , , , , , , ,095 Delaware 107,524 91,053 89,607 89,527 90,218 90,155 90,259 90,241 District of Columbia 62,340 56,493 55,827 55,887 56,845 56,578 56,911 57,046 Florida 1,889,685 1,580,657 1,548,008 1,536,395 1,546,271 1,547,305 1,546,001 1,545,508 Georgia 1,002, , , , , , , ,742 Hawaii 82,487 75,343 73,666 72,858 73,648 73,883 73,479 73,581 Idaho 131, , , , , , , ,824 Illinois 1,002, , , , , , , ,168 Indiana 424, , , , , , , ,605 Iowa 154, , , , , , , ,503 Kansas 169, , , , , , , ,783 Kentucky 208, , , , , , , ,791 Louisiana 282, , , , , , , ,928 Maine 80,474 68,506 67,129 67,259 68,231 68,142 68,305 68,245 Maryland 664, , , , , , , ,355 Massachusetts 453, , , , , , , ,725 Michigan 659, , , , , , , ,618 Minnesota 510, , , , , , , ,974 Mississippi 128, , , , , , , ,114 Missouri 426, , , , , , , ,245 Montana 69,206 68,819 67,793 67,511 67,579 67,803 67,655 67,278 Nebraska 118, , , , , , , ,920 Nevada 299, , , , , , , ,501 New Hampshire 108,857 91,606 89,915 90,200 91,742 91,940 91,687 91,599 New Jersey 830, , , , , , , ,636 New Mexico 151, , , , , , , ,522 New York 1,250, , , ,887 1,003,003 1,001,531 1,001,313 1,006,164 North Carolina 877, , , , , , , ,102 North Dakota 27,532 33,021 32,483 32,370 32,493 32,621 32,492 32,367 Ohio 637, , , , , , , ,768 Oklahoma 207, , , , , , , ,107 Oregon 368, , , , , , , ,311 Pennsylvania 908, , , , , , , ,802 Rhode Island 70,577 61,907 60,497 60,312 61,282 61,345 61,219 61,281 South Carolina 411, , , , , , , ,072 South Dakota 44,799 46,387 45,519 44,993 44,751 44,992 44,743 44,518 Tennessee 467, , , , , , , ,929 Texas 1,998,873 1,632,188 1,597,847 1,594,523 1,604,329 1,608,468 1,602,300 1,602,220 Utah 246, , , , , , , ,141 Vermont 29,649 27,218 26,750 26,798 27,187 27,198 27,222 27,142 Virginia 845, , , , , , , ,616 Washington 666, , , , , , , ,387 West Virginia 68,262 53,247 51,737 51,848 52,109 52,233 52,256 51,839 Wisconsin 288, , , , , , , ,036 Wyoming 36,976 34,848 34,085 34,138 34,424 34,570 34,416 34,285 25,086,742 21,441,619 21,020,161 20,897,737 21,082,419 21,110,952 21,063,623 21,072,681 12

13 Table 10 - Other Retention Plans Completed Other Retention Plans Completed State Q Q Q Q Q Oct 2016 Nov 2016 Dec 2016 Alabama Alaska Arizona Arkansas California 3,608 3,833 4,017 3,928 3,498 1,269 1,085 1,144 Colorado Connecticut Delaware District of Columbia Florida 3,745 3,860 4,130 3,491 3,075 1, ,003 Georgia 1,763 1,767 1,781 1,713 1, Hawaii Idaho Illinois 2,205 2,216 2,388 2,000 1, Indiana 1, Iowa Kansas Kentucky Louisiana Maine Maryland 1,743 1,676 1,741 1,625 1, Massachusetts 959 1,041 1, Michigan 1, , Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 2,035 2,350 2,626 2,292 1, New Mexico New York 3,560 3,553 3,968 3,455 2,813 1, North Carolina 1,544 1,417 1,544 1,398 1, North Dakota Ohio 1,732 1,442 1,539 1,437 1, Oklahoma Oregon Pennsylvania 2,338 2,232 2,307 2,082 1, Rhode Island South Carolina South Dakota Tennessee Texas 2,952 3,059 3,115 2,833 2, Utah Vermont Virginia 1,275 1,162 1,228 1,154 1, Washington West Virginia Wisconsin Wyoming ,331 43,604 46,140 41,954 36,363 12,926 11,569 11,868 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 2016 Nov 2016 Dec 2016 Alabama Alaska Arizona Arkansas California 2,464 2,005 2,029 2,000 2, Colorado Connecticut Delaware District of Columbia Florida 2,317 1,972 1,877 1,715 1, Georgia 1,269 1,082 1, Hawaii Idaho Illinois 1,364 1,170 1,203 1, Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 1,251 1,073 1,132 1, New Mexico New York 1,757 1,302 1,391 1,331 1, North Carolina 1, North Dakota Ohio Oklahoma Oregon Pennsylvania 1,150 1,133 1, Rhode Island South Carolina South Dakota Tennessee Texas 1,802 1,587 1,487 1,326 1, Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming ,354 22,394 22,292 20,517 19,292 5,993 6,233 7,066 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 2016 Nov 2016 Dec 2016 Alabama Alaska Arizona Arkansas California 1,866 1,497 1,460 1,255 1, Colorado Connecticut Delaware District of Columbia Florida 2,027 1,618 1,507 1,305 1, Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey 1, 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 ,132 11,189 11,246 9,842 8,332 2,900 2,740 2,692 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 2016 Nov 2016 Dec 2016 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 ,923 2,937 2,897 2,691 2,