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7 President of the Housing Policy Council Page 28 THE EXCHANGE WITH Ed DeMarco Journal Compiled by the DS News Staff TA K E A L O O K I N S I D E T H E N U M B E R S DATA BITS Source: Lending Tree: Google Searches for 'Forbearance' and 'Mortgage Forbearance' Have Fallen After Hitting 2020 Peaks GSEs UPDATE FORECLOSURE PREVENTION ACTIONS Fannie Mae and Freddie Mac completed 8,836 foreclosure prevention actions in February, according to the latest data from the Federal Housing Finance Association (FHFA). is brings the total to 4,424,910 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. ere were 5,376 permanent loan modifications in February, bringing the total to 2,401,285 since the conservatorships began in September 2008. Twenty-two percent of modifications in February were modifications with principal forbearance. Modifications with extend- term only accounted for 65% of all loan modifications during the month. ere were 364 short sales and deeds-in-lieu of foreclosure completed in February, down 18% compared with January 2020. With a surge in foreclosures expected post-forbearance due to COVID-19, foreclosure and eviction moratoriums backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) have been extended to June 30. Deadlines for all foreclosure and eviction moratoriums were set to expire on Sunday. "During this national health emergency, no one should be forced from their home," FHFA Director Dr. Mark A. Calabria said. "Extending the foreclosure and eviction moratoriums protects homeowners and renters with an Enterprise-backed mortgage and provides certainty for families." e FHA announced that it would halt all new foreclosure actions and suspend all foreclosure actions currently in process, excluding legally vacant or abandoned properties. Also, the Administration will cease all evictions of persons from FHA-insured single-family properties, excluding actions to evict occupants of legally vacant or abandoned properties. "We made it clear at the beginning of this pandemic that no American should have to worry about losing their home amidst a crisis. Today's announcement ensures that commitment," U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Benjamin Carson said. "While we have made great strides in fighting this virus, the fact remains that many Americans are still struggling as we work diligently to get our economy back on sound footing, which I have full confidence we will do through the leadership of the President." I N S I D E T H E J O U R N A L | O N T H E W E B | T H E A P P S P E C T R U M | M O V E R S & S H A K E R S A look at facts you didn't know you couldn't live without. Freddie Mac reported the unpaid principal balance on mortgage-related investments fell by 7.8 billion in April. ATTOM Data Solutions reported there were 3.6 million homes seriously underwater during Q1 2020. "During this national health emergency, no one should be forced from their home." —Dr. Mark A. Calabria, Director, FHFA 1 HARTFORD CONNECTICUT 0.0% 2 GRAND RAPIDS MICHIGAN 0.0% 3 COLUMBUS OHIO -0.5% 4 BUFFALO NEW YORK -1.1% 5 JACKSONVILLE FLORIDA -1.3% 6 WASHINGTON D.C. -4.5% 7 SACRAMENTO CALIFORNIA -4.5% 8 CINCINNATI OHIO -4.6% 9 PORTLAND OREGON -5.5% 10 AUSTIN TEXAS -6.5% SMALLEST DECLINES FOR SEARCHES OF 'MORTGAGE FORBEARANCE RANK STATE AVERAGE MORTGAGE DEBT 1 LOUISVILLE KENTUCKY -70.0% 2 KANSAS CITY MISSOURI -62.5% 3 OKLAHOMA CITY OKLAHOMA -54.5% 4 CLEVELAND OHIO -50.0% 5 ST. LOUIS MISSOURI -50.0% 6 NASHVILLE TENNESSEE -47.5% 7 ORLANDO FLORIDA -46.0% 8 LOS ANGELES CALIFORNIA -39.5% 9 BIRMINGHAM ALABAMA -39.1% 10 LAS VEGAS NEVADA -36.5% LARGEST DECLINES FOR SEARCHES OF 'MORTGAGE FORBEARANCE RANK STATE EFFECTIVE REAL-ESTATE TAX RATE

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