Loan Modifications Completed, Fannie Mae and Freddie Mac Loans
Permanent loan modifications Fannie Mae and Freddie Mac completed each month
Where the Loan Modifications Completed, Fannie Mae and Freddie Mac Loans stands now
The Loan Modifications Completed, Fannie Mae and Freddie Mac Loans was 7,000 in May 2026. Since 2024 it has ranged from 5,000 in November 2024 to 8,000 in July 2025. It has been lower than a year earlier for two months in a row.
How the Loan Modifications Completed, Fannie Mae and Freddie Mac Loans has moved since 2024
Loan Modifications Completed, Fannie Mae and Freddie Mac Loans: down since 2025
Loan modifications completed per month, Fannie Mae and Freddie Mac, FHFA Foreclosure Prevention and Refinance Report: 7,000 in May 2026, down from 8,000 a year earlier. Monthly, 2024–2026.
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The quote: Fannie Mae and Freddie Mac completed 6,616 permanent loan modifications in May 2026, 993 fewer than a year earlier. A loan modification changes a mortgage's terms, such as the rate or the length, for borrowers who are behind or at risk of default. The count covers only the two companies' single-family loans. Source: Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report.
What the Loan Modifications Completed, Fannie Mae and Freddie Mac Loans measures
Measurement basis: Number of permanent loan modifications Fannie Mae and Freddie Mac completed in the calendar month (FHFA: Completed, Loan Modifications, which includes HAMP permanent modifications). A modification changes the loan's terms (rate, term or principal forbearance) for borrowers who are behind or at risk of default. A monthly count from the Highlights page of FHFA's Foreclosure Prevention and Refinance Report. FHFA's quarterly editions print only quarter totals, which are never used as a month; a month with no monthly figure is left out.
This product uses FHFA data but is neither endorsed nor certified by FHFA.
Loan Modifications Completed, Fannie Mae and Freddie Mac Loans by month, 2024 to 2026
| Month | Count | Change from a year earlier |
|---|---|---|
| May 2026 | 7K | -1K |
| Apr 2026 | 7K | -1K |
| Mar 2026 | 7K | 0 |
| Feb 2026 | 6K | +1K |
| Jan 2026 | 7K | +1K |
| Dec 2025 | 7K | +2K |
| Nov 2025 | 6K | +1K |
| Oct 2025 | 7K | +1K |
| Sep 2025 | 6K | +1K |
| Aug 2025 | 7K | +1K |
| Jul 2025 | 8K | +2K |
| Jun 2025 | 8K | +2K |
| May 2025 | 8K | — |
| Apr 2025 | 8K | — |
| Mar 2025 | 7K | — |
| Feb 2025 | 5K | — |
| Jan 2025 | 6K | — |
| Dec 2024 | 5K | — |
| Nov 2024 | 5K | — |
| Oct 2024 | 6K | — |
| Sep 2024 | 5K | — |
| Aug 2024 | 6K | — |
| Jul 2024 | 6K | — |
| Jun 2024 | 6K | — |
Monthly · Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report
Counties with the highest delinquency scores
There's no county figure for this measure, so this list uses the delinquency part of our County Distress Index.
| Rank | County | Score (0–100) |
|---|---|---|
| 1 | Coahoma County, MS | 99.5 |
| 2 | Leflore County, MS | 99.4 |
| 3 | Washington County, MS | 99.3 |
| 4 | Williamsburg County, SC | 99.2 |
| 5 | Clayton County, GA | 99.2 |
| 6 | Yazoo County, MS | 98.6 |
| 7 | Dillon County, SC | 98.5 |
| 8 | Sunflower County, MS | 98.5 |
| 9 | Dallas County, AL | 98.2 |
| 10 | Marlboro County, SC | 98.1 |
Common questions about the Loan Modifications Completed, Fannie Mae and Freddie Mac Loans
What is a loan modification?
A permanent change to a mortgage's terms, such as a lower interest rate, a longer loan or part of the balance set aside, made for borrowers who are behind or at risk of default. FHFA counts the permanent ones, in the month each is completed.
Does a bigger count mean more households are in trouble?
Not on its own. More modifications can mean more borrowers got help or that more needed it. The serious delinquency rate and foreclosure starts on the same loans show the other side.
Why is a month missing from the chart?
FHFA's quarterly editions print only three-month totals, so a month that no monthly edition covers is left out of the chart rather than estimated from the quarter.
Where does this data come from?
The Federal Housing Finance Agency's Foreclosure Prevention and Refinance Report, which FHFA publishes as a PDF with no release calendar: a monthly edition for eight months of the year and a quarterly edition for March, June, September and December. We read the Highlights table of each new edition with an automated parser and check every number against the PDF's own text before it is saved.
Sources and method for the Loan Modifications Completed, Fannie Mae and Freddie Mac Loans
- Federal Housing Finance Agency, Foreclosure Prevention and Refinance Report Measurement basis: Number of permanent loan modifications Fannie Mae and Freddie Mac completed in the calendar month (FHFA: Completed, Loan Modifications, which includes HAMP permanent modifications). A modification changes the loan's terms (rate, term or principal forbearance) for borrowers who are behind or at risk of default. A monthly count from the Highlights page of FHFA's Foreclosure Prevention and Refinance Report. FHFA's quarterly editions print only quarter totals, which are never used as a month; a month with no monthly figure is left out. We use the monthly figures as published, from June 2024 through May 2026, with no adjustment of our own. Federal Housing Finance Agency doesn’t adjust this count for the season, so compare a month with the same month a year earlier. Federal Housing Finance Agency’s report