Danielle Johnson-Kutch, Deputy Chief Homeownership Preservation Office U.S. Treasury

Transcription

1 February 15, 2017 To: Danielle Johnson-Kutch, Deputy Chief Homeownership Preservation Office U.S. Treasury From: Di Richardson, President CalHFA MAC Re: Quarterly Performance Data Report to U.S. Treasury, for period ending December 31, 2016 Attached please find a copy of the Quarterly Performance Data Report, for the period ending December 31, This report reflects the homeowner characteristics, results and outcomes for the Keep Your Home (KYHC) Hardest Hit Fund (HHF) program. The report describes several important milestones and accomplishments for the KYHC HHF Program. At the end of this quarter, KYHC had funded almost $1.6 billion in benefit assistance helping more than 65,500 unique homeowners prevent foreclosure of their home. This represents 79% of the total program funds allocated to minus administrative expenses. The Principal Reduction Program (PRP) showed a marked improvement in the following key areas: The PRP transaction pipeline continues to be the largest of the KYHC programs by volume, representing 45% of all transactions. In addition, PRP represented 41% of the value of all funded transactions for the quarter. The most popular PRP utility is PRP-Affordability (PRP-A) which provides principal assistance to eligible homeowners with an unaffordable payment (defined as a debt-to income ratio greater than 38% of the gross household income) that was caused by a verified hardship even if their homes are not underwater. All PRP-A transactions are secured by a thirty-year lien. o PRP-A approved applicants for the quarter totaled 370 transactions or 73% of all approved PRP transactions for the period for a total of $23,699,898 in benefit assistance. The second most popular PRP utility is PRP-Recast (PRP-K) which enables a homeowner to obtain an affordable payment and reduce the total debt associated with their negative equity first mortgage without use of a servicer-provided loan modification. All PRP-K transactions are secured with a five-year lien. o Of the 504 approved PRP transactions for the quarter, 113 (22%) homeowners received assistance through the PRP-K utility for a total of $6,649,800 in benefit assistance. 1

2 For the quarter, approved PRP transactions (includes all utilities Recast/Curtailment, Affordability and Modification) resulted in a median monthly payment reduction of $258 per month, from $1,482 to $1,209; an 18% reduction. The following chart contains pre- and postassistance metrics for each of the PRP utilities for Q4 of calendar year Because the PRP utilities each comprise a subset of the total PRP transaction population reported in the Quarterly Performance Report, the per-utility details provided below differ from the total PRP production. Pre Assistance Post Assistance (3) Change Principal Reduction Program (PRP) - Q Recast/Curtailment Affordability Modification (2) Pre Assistance Post Assistance (3) Change Pre Assistance Post Assistance (3) Change Median Principal Balance (1) $232,335 $180,431 -$51,904 $236,833 $173,425 -$63,408 $274,328 $234,402 -$39,926 Median Monthly Payment $1,396 $1,224-12% $1,521 $1,209-20% $1,548 $1,126-27% Debt to Income % Median Assistance Homeowners Approved Homeowners Approved 35% 30% -14% 46% 38% -17% 43% 31% -28% $58,400 $68,550 $43, % 73% 4% (1) Median Principal Balance Change includes impact of KYHC assistance and investor forbearance (2) Post Assistance Principal Balance involving a loan modification includes impact of investor match and/or forbearance in addition to KYHC assistance. Median assistance reflects only KYHC contribution. (3) Post assistance results for each PRP utility are acquired from servicer reports that are provided to KYHC on a flow basis. As a result, post-assistance results may not capture the entire population of the pre-assistance data reported for all approved homeowners. Of the 504 funded PRP transactions for the quarter, 333 had CDF "F" records submitted before the publication of this report. Of this population, 85 or almost 26% of these loans had a forbearance balance. Forbearance amounts total $6.2M with a median per loan balance of $45,247. KYHC combines the forbearance balance with the unpaid principal balance to calculate the loan to value (LTV) ratio of all PRP transactions. 2

3 The following chart contains by-program summary data for Q Program Homeowner Approvals - Q Unemployment Mortgage Assistance (UMA) 1,324 58% $36,956,242 49% Mortgage Reinstatement Assistance Program (MRAP) % $6,888,010 9% Principal Reduction Program (PRP) % $31,338,313 41% Transition Assistance Program (TAP) 8 0% $24,500 0% Reverse Mortgage Assistance Pilot Program (RevMAP) 63 3% $847,541 1% Total 2, % 76,054, % Despite improvement to s statewide unemployment figures (1), as of December 31, 2016, approximately 17.9% of the unemployed population have been out of work for more than 52 weeks, which is longer than the maximum unemployment benefit period provided by the state s Employment Development Department. This highlights the importance of the Unemployment Mortgage Assistance (UMA) program which provides up to 18 months of foreclosure prevention assistance. (1) s statewide unemployment rate decreased 0.3% to 5.2% from September 30, 2016 to December , and still remains above the national average unemployment rate of 4.7% as of December 31, The top five (5) counties to receive program assistance this quarter were *Los Angeles, *Riverside, *San Bernardino, *San Diego, and *Orange. Four of these *counties have the highest number of foreclosures by volume in the state. UMA program approved applicants for the quarter and from program inception were 1,324 and 52,104, respectively. For the quarter and program-to-date, 46% and 30% respectively, of UMA recipients ended their assistance as a result of re-employment. Forty-six percent (46%) of the homeowners who became re-employed this quarter did so between the tenth and eighteenth months of receiving unemployment assistance benefits from KYHC. Mortgage Reinstatement Assistance Program (MRAP) approved applicants for the quarter and from program inception were 395 and 12,060, respectively. Homeowners for the quarter and from program inception received $6,888,010 and $180,555,940 in benefit assistance, respectively. The Reverse Mortgage Assistance Pilot Program (RevMAP) approved applicants for the quarter and from program inception were 63 and 537, respectively. Senior homeowners for the quarter and from program inception received $847,541 and $6,673,807 in benefit assistance, respectively. Overall, 99%, 98% and 94% of the homeowners still own their homes six (6), twelve (12) and twentyfour (24) months after receiving KYHC assistance, respectively. Of the 3,074 unique homeowners that no longer own their homes 24 months after receipt of KYHC assistance, 1,599 (52%) were due to home resale, 1,068 (35%) were due to a short sale* and 407 (13%) were due to foreclosure**. KYHC has recovered $26,235,312 (54%) of the total assistance provided to homeowners that no longer 3 Units Dollars

4 remained in their home 24 months after receiving benefit assistance. Recovered funds are recycled to provide assistance to other eligible homeowners. * Short sale defined as a sale where the servicer and/or KYHC did not recover 100% of assistance secured by their lien. ** In some cases, KYHC recovered a portion of the benefit assistance provided when there were excess funds from foreclosure - after final payment was made to any/all senior lienholders. Seventy-two percent (72%) of homeowners who received KYHC benefit assistance since program inception are below 80% of the area median income (AMI) for their county of residence. Nearly 66% of households assisted have an annual income of less than $50,000. Since program inception, 85% of the homeowners who received program assistance did so because of unemployment (i.e., 68% of homeowners) and underemployment (i.e., 17% of homeowners) hardships. In order of magnitude, death, medical conditions and divorce were the other leading causes of homeowner hardship. The following chart provides the total, by-program servicer participation levels as of December 31, Servicer Participation - Q Program Count Unemployment Mortgage Assistance (UMA) 250 Mortgage Reinstatement Assistance Program (MRAP) 244 Principal Reduction Program (PRP) 196 Transition Assistance Program (TAP) 165 Reverse Mortgage Assistance Pilot Program (RevMAP) 14 Participating in All Programs * 146 *Excludes Reverse Mortgage Assistance Pilot Program The following tables provide summaries of the statistical reporting data for U.S. Treasury including explanations of trends and program results. Homeowners Assisted by Program Through December 31, 2016, 65,544 unique homeowners have received assistance from the KYHC program. Ten thousand four hundred fifty-eight (10,458) homeowners have received secondary assistance from KYHC including 6,693 homeowners that received UMA program assistance more than once, twelve (12) homeowners received additional MRAP program assistance **, sixty-seven (67) homeowners received additional PRP program assistance and 3,686 homeowners received assistance from a unique, second KYHC program. **MRAP funds were provided, returned in error by the Servicer, and provided again. None of these homeowners received reinstatement assistance from MRAP more than once. 4

5 A breakdown by program of homeowners assisted, assistance provided to date and remaining assistance committed is illustrated in the following chart. Program Count Homeowners Assisted - Program to Date Q Amount Awarded Future Commitment Total Allocation ( as of 12/31/16) Unemployment Mortgage Assistance (UMA) 52,104 69% $767,785,313 $97,394,928 $865,180,241 $1,001,965, % Mortgage Reinstatement Assistance Program (MRAP) 12,060 16% $180,555,940 $5,502 $180,561,442 $204,072, % Principal Reduction Program (PRP) 10,256 13% $619,096,058 $0 $619,096,058 $895,968, % Transition Assistance Program (TAP) 1,011 1% $3,587,495 $0 $3,587,495 $4,180, % Reverse Mortgage Assistance Pilot Program (RevMAP) 537 1% $6,673,807 $0 $6,673,807 $10,000, % Community Second Mortgage Principal Reduction Program 34 0% $589,210 $0 $589,210 $589, % % Total 76, % $1,578,287,824 $97,400,429 $1,675,688,254 $2,116,774, % * Remaining Commitment consists of scheduled assistance to homeowners contingent on homeowner remaining unemployed. Also included in the Future Commitment amount shown above, are approved homeowner transactions whose assistance was temporarily suspended by KYHC. An example of an approved but temporarily suspended transaction is a loan that is service transferred before the assistance has been paid in full to the transferor servicer. These transactions require special review and handling while the transferee servicer information is obtained. As of December 31, 2016, one hundred twenty-three (123) UMA and one (1) RevMAP homeowners who were approved had their benefit assistance temporarily suspended for a total of $1,788, in suspended assistance. 5

6 In Process Homeowners As of December 31, 2016, a total of 3,858 eligible homeowners were in the active pipeline, pending final benefit determination, for one of the five, active KYHC programs. A by-program breakdown of eligible homeowners In Process is provided in the following chart. In Process Homeowners - Q Program # % Reserve $ Unemployment Mortgage Assistance (UMA) 1,205 31% $25,262,436 Mortgage Reinstatement Assistance Program (MRAP) % $11,628,366 Principal Reduction Program (PRP) 1,750 45% $170,236,478 Transition Assistance Program (TAP) 14 0% $65,000 Reverse Mortgage Assistance Pilot Program (RevMAP) 171 4% $2,050,000 Total 3, % $209,242,280 * Figures shown above represent all homeowner transactions, not only unique homeowner transactions Transaction Processing Time The chart below reflects the quarter ending December 31, 2016 and program-to-date transaction processing times (in days) for each program. CalHFA MAC continually monitors processing time performance to ensure that homeowners obtain the assistance they need in a timely and efficient manner. Median Transaction Processing Time (in days) - Q Program Quarter Program to Date Unemployment Mortgage Assistance (UMA) Mortgage Reinstatement Assistance Program (MRAP) * Principal Reduction Program (PRP) ** Transition Assistance Program (TAP) Reverse Mortgage Assistance Pilot Program (RevMAP) Total * KYHC allows senior applicants for RevMAP assistance additional time to provide their documentation which increases the overall processing time of these transactions. Transaction processing includes communication with the loan servicer to obtain approval on behalf of the homeowner. ** The transaction processing times are extended for PRP whenever assistance is combined with a loan modification. These transactions often require the homeowner to complete a trial payment plan with their servicer, which can increase the time to approve and fund a transaction by an additional three to four months. 6

7 Scheduled Assistance Disbursements The following chart shows the scheduled benefit disbursements for the UMA program. Unemployment Mortgage Assistance (UMA) Period Amount Program to Date (a) $767,785,313 January 2017 $11,330,451 February 2017 $10,145,981 March 2017 $9,372,220 April 2017 $8,677,033 May 2017 $8,132,952 June 2017 $7,571,519 July 2017 $7,003,131 August 2017 $6,367,641 September 2017 $5,802,415 October 2017 $5,140,455 November 2017 $4,508,183 December 2017 $3,905,480 January 2018 $3,282,713 February 2018 $2,550,123 March 2018 $1,871,360 April 2018 $1,132,229 May 2018 $601,042 Program Total (b) $865,180,241 (a) Assistance disbursed as of December 31, Quarterly UST Report amount (b) Total Assistance committed on approved transactions 7

8 This document describes the Housing Finance Agency (HFA) Hardest-Hit Fund (HHF) data that state HFAs are required to provide to Bank of New York Mellon. It includes quarterly borrower characteristic data and program specific performance data. All HFA HHF data submitted to Bank of New York Mellon must be accurate, complete, and in agreement with retained HFA records. Data should be reported by each state HFA by the 15th of the month following the quarter. Data requested in the "Borrower Characteristic" worksheet should be reported in aggregate for all HHF programs run by the state HFA. Program specific data is separated into reporting tabs for each individual program. State HFAs should report program performance data on an individual program basis. A data dictionary has been provided to assist in the definition of each data point. Report Quarter: December 31, 2016 Template Version Date: January 2017

9 HFA Performance Data Reporting- Borrower Characteristics Unique Borrower Count 1 Number of Unique Borrowers Receiving Assistance 1,887 65,544 Number of Unique Borrowers Denied Assistance 1,946 44,431 Number of Unique Borrowers Withdrawn from Program 2,003 44,680 Number of Unique Borrowers in Process 3,189 N/A Total Number of Unique Borrower Applicants 9, ,844 Program Expenditures ($) Total Assistance Provided to Date 2 $76,054, $1,578,287, Total Spent on Administrative Support, Outreach, and Counseling $6,763, $163,969, Borrower Income ($) Above $90, % 4.26% $70,000- $89, % 10.33% $50,000- $69, % 19.72% Below $50, % 65.68% Borrower Income as Percent of Area Median Income (AMI) 3 Above 120% 7.26% 4.51% 110%- 119% 4.40% 4.47% 100%- 109% 5.51% 5.20% 90%- 99% 6.62% 6.16% 80%- 89% 7.42% 7.23% Below 80% 68.79% 72.43% Geographic Breakdown (by county) Alameda 57 1,907 Alpine 0 1 Amador 2 91 Butte Calaveras Colusa 0 39 Contra Costa 64 2,027 Del Norte 1 19 El Dorado Fresno 71 2,227 Glenn 1 33 Humboldt Imperial Inyo 0 14 Kern 95 2,354 Kings Lake Lassen 0 24 Los Angeles ,746 Madera Marin Mariposa 0 19 Mendocino 1 53 Merced Modoc 0 4 Mono 0 7 Monterey Napa Nevada 6 198

10 HFA Performance Data Reporting- Borrower Characteristics Orange 131 3,971 Placer Plumas 2 35 Riverside 200 6,882 Sacramento 97 4,072 San Benito 2 99 San Bernardino 175 5,874 San Diego 141 5,337 San Francisco San Joaquin 48 1,867 San Luis Obispo San Mateo Santa Barbara Santa Clara 80 1,733 Santa Cruz Shasta Sierra 1 8 Siskiyou 1 52 Solano 35 1,126 Sonoma Stanislaus 39 1,212 Sutter Tehama 0 61 Trinity 0 5 Tulare Tuolumne Ventura 53 1,900 Yolo Yuba Home Mortgage Disclosure Act (HMDA) Borrower Race American Indian or Alaskan Native Asian 143 4,739 Black or African American 222 6,799 Native Hawaiian or other Pacific Islander White 1,263 39,914 Information Not Provided by Borrower ,066 Ethnicity Hispanic or Latino ,903 Not Hispanic or Latino 1,069 34,238 Information Not Provided by Borrower ,403 Sex Male ,203 Female ,818 Information Not Provided by Borrower 8 1,523 Co-Borrower Race American Indian or Alaskan Native Asian 120 2,898 Black or African American 75 2,090 Native Hawaiian or other Pacific Islander White ,803 Information Not Provided by Borrower 206 9,128

11 HFA Performance Data Reporting- Borrower Characteristics Hardship Ethnicity Hispanic or Latino ,905 Not Hispanic or Latino ,932 Information Not Provided by Borrower 181 7,717 Sex Male ,130 Female ,807 Information Not Provided by Borrower 54 2,617 Unemployment 1,085 44,814 Underemployment ,132 Divorce Medical Condition 52 1,409 Death 63 1,416 Other 243 6,061 Current Loan to Value Ratio (LTV) <100% 90.41% 60.74% 100%-109% 3.39% 7.87% 110%-120% 1.75% 6.47% >120% 4.45% 24.92% Current Combined Loan to Value Ratio (CLTV) <100% 90.36% 60.48% 100%-119% 5.19% 14.32% 120%-139% 2.60% 9.58% 140%-159% 1.17% 6.21% >=160% 0.69% 9.41% Delinquency Status (%) Household Size Current 68.36% 64.71% % 7.29% % 5.33% % 22.67% , , , , , Applications marked as Denied, Withdrawn or In Process may not roll forward from prior quarter's report due to changes in the status of homeowners application for assistance. 2. Assistance Provided to Date has a difference of $ from the Quarterly Financial Report due to identified but unposted homeowner assistance returns. 3. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income.

12 Program Intake/Evaluation 1 HFA Performance Data Reporting- Program Performance Unemployment Mortgage Assistance Program Approved Number of Applications Approved 1,324 52,104 % of Total Number of Applications 37.64% 58.50% Denied Number of Applications Denied ,094 % of Total Number of Applications 6.62% 12.46% Withdrawn Number of Applications Withdrawn ,662 % of Total Number of Applications 21.49% 27.69% In Process Number of Applications In Process 1,205 N/A % of Total Number of Applications 34.25% N/A Total Total Number of Applications Received 3,518 89,065 Number of Borrowers Participating in Other HFA HHF Programs or Program Components 142 2,774 Program Characteristics General Characteristics Median 1st Lien Housing Payment Before Assistance $1, $1, Median 1st Lien Housing Payment After Assistance $0.00 $0.00 Median 2nd Lien Housing Payment Before Assistance N/A N/A Median 2nd Lien Housing Payment After Assistance N/A N/A Median 1st Lien UPB Before Program Entry $248, $243, Median 1st Lien UPB After Program Entry N/A N/A Median 2nd Lien UPB Before Program Entry N/A N/A Median 2nd Lien UPB After Program Entry N/A N/A Median Principal Forgiveness N/A N/A Median Length of time Borrower Receives Assistance N/A 9 Median Assistance Amount $3, $13, Assistance Characteristics Other Characteristics Assistance Provided to Date $36,956, $767,785, Total Lender/Servicer Assistance Amount N/A N/A Lender/Servicer Match (%) N/A N/A Median Lender/Servicer Assistance per Borrower N/A N/A Median Length of Time from Initial Request to Assistance Granted Current Number 1,172 43,309 % 88.52% 83.12% Delinquent (30+) Number 45 2,888 % 3.40% 5.54% Delinquent (60+) Number 38 1,711 % 2.87% 3.28% Delinquent (90+) Number 69 4,196 % 5.21% 8.05%

13 Current Combined Loan to Value Ratio (CLTV) HFA Performance Data Reporting- Program Performance Unemployment Mortgage Assistance Program Above 160% 0.38% 6.81% 140% - 159% 0.38% 4.56% 120% - 139% 0.60% 7.21% 100% - 119% 2.79% 13.37% Below 100% 95.85% 68.06% Borrower Income as Percent of Area Median Income (AMI) 2 Hardship Program Outcomes 3 Alternative Outcomes Above 120% 6.42% 3.67% 110% - 119% 2.57% 2.21% 100% - 109% 3.70% 2.99% 90% - 99% 4.68% 3.80% 80% - 89% 5.66% 4.75% Below 80% 76.96% 82.58% Unemployment 1,324 52,104 Underemployment 0 0 Divorce 0 0 Medical Condition 0 0 Death 0 0 Other 0 0 Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) 1,996 45,918 Foreclosure Sale Cancelled Number 65 2,269 % 3.26% 4.94% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Re-employed/ Regain Appropriate Employment Level Number ,606 % 45.74% 29.63% Reinstatement/Current/Payoff Short Sale Deed in Lieu Other - Borrower Still Owns Home Number 1,018 30,043 % 51.00% 65.43%

14 HFA Performance Data Reporting- Program Performance Unemployment Mortgage Assistance Program Homeownership Retention 4 Six Months Number N/A 48,770 Six Months % N/A 99.45% Twelve Months Number N/A 44,166 Twelve Months % N/A 98.04% Twenty-four Months Number N/A 33,789 Twenty-four Months % 5 N/A 93.02% Unreachable Number N/A 3 Unreachable % N/A 0.01% 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income. 3. One (1) homeowner cancelled assistance due to becoming re-employed. counts have been adjusted to reflect change to outcome. 4. Borrower still owns home. 5. The 24 month Homeownership Retention % computed only on foreclosures and short sales (excluding traditional home sales) would be 96.83%. If computed solely on foreclosures it would be 99.29%. Statistics are based on number of Approved Applications. Program Outcome/Homeowner Retention results may not carryforward from prior quarters due to reclassifications of outcome based on additional information and/or continued improvements in KYHC's data collection processes.

15 Program Intake/Evaluation 1 Approved Number of Applications Approved ,256 % of Total Number of Applications 9.15% 14.34% Denied Number of Applications Denied 1,878 35,561 % of Total Number of Applications 34.08% 49.71% Withdrawn Number of Applications Withdrawn 1,379 23,965 % of Total Number of Applications 25.02% 33.50% In Process Number of Applications In Process 1,750 N/A % of Total Number of Applications 31.75% N/A Total Total Number of Applications Received 5,511 71,532 Program Characteristics General Characteristics Number of Borrowers Participating in Other HFA HHF Programs or Program Components Median 1st Lien Housing Payment Before Assistance $1, $1, Median 1st Lien Housing Payment After Assistance $1, $1, Median 2nd Lien Housing Payment Before Assistance N/A N/A Median 2nd Lien Housing Payment After Assistance N/A N/A Median 1st Lien UPB Before Program Entry $238, $257, Median 1st Lien UPB After Program Entry $177, $193, Median 2nd Lien UPB Before Program Entry N/A N/A Median 2nd Lien UPB After Program Entry N/A N/A Median Principal Forgiveness $65, $71, Median Length of Time Borrower Receives Assistance N/A N/A Median Assistance Amount $64, $61, Assistance Characteristics Other Characteristics HFA Performance Data Reporting- Program Performance Principal Reduction Program Assistance Provided to Date $31,338, $619,096, Total Lender/Servicer Assistance Amount $85, $91,932, Borrowers Receiving Lender/Servicer Match (%) 1.39% 17.49% Median Lender/Servicer Assistance per Borrower $8, $38, Median Length of Time from Initial Request to Assistance Granted Current Number 321 5,504 % 63.69% 53.67% Delinquent (30+) Number % 7.94% 7.49% Delinquent (60+) Number % 5.16% 5.56% Delinquent (90+) Number 117 3,414 % 23.21% 33.29%

16 Current Combined Loan to Value Ratio (CLTV) HFA Performance Data Reporting- Program Performance Principal Reduction Program Above 160% 0.60% 15.40% 140% - 159% 2.98% 13.27% 120% - 139% 7.94% 20.63% 100% - 119% 12.10% 17.73% Below 100% 76.39% 32.98% Borrower Income as Percent of Area Median Income (AMI) 3 Hardship Program Outcomes 2 Alternative Outcomes 2 Above 120% 0.60% 1.41% 110% - 119% 2.58% 6.41% 100% - 109% 5.36% 7.71% 90% - 99% 6.94% 10.01% 80% - 89% 8.33% 11.98% Below 80% 76.19% 62.47% Unemployment 0 0 Underemployment 276 4,935 Divorce Medical Condition Death Other 142 3,881 Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) ,256 Foreclosure Sale Cancelled Number % 1.19% 3.32% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Number 21 2,591 % 4.17% 25.26% Re-employed/ Regain Appropriate Employment Level Reinstatement/Current/Payoff Short Sale Deed in Lieu Other - Borrower Still Owns Home Number 477 7,325 % 94.64% 71.42%

17 Homeownership Retention 4 HFA Performance Data Reporting- Program Performance Principal Reduction Program Six Months Number N/A 9,082 Six Months % N/A 99.82% Twelve Months Number N/A 7,682 Twelve Months % N/A 99.25% Twenty-four Months Number N/A 4,824 Twenty-four Months % 5 N/A 97.75% Unreachable Number N/A 1 Unreachable % N/A 0.01% 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. Thirteen (13) homeowners cancelled assistance that KYHC approved in prior quarters. counts have been restated to reflect change. 3. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income. 4. Borrower still owns home. 5. The 24 month Homeownership Retention % computed only on foreclosures and short sales (excluding traditional home sales) would be 98.22%. If computed solely on foreclosures it would be 99.37%. Statistics are based on number of Approved Applications. Program Outcome/Homeowner Retention results may not carryforward from prior quarters due to reclassifications of outcome based on additional information and/or continued improvements in KYHC's data collection processes.

18 Program Intake/Evaluation 1 Approved HFA Performance Data Reporting- Program Performance Mortgage Reinstatement Assistance Program Number of Applications Approved ,060 % of Total Number of Applications 17.66% 17.81% Denied Number of Applications Denied ,656 % of Total Number of Applications 27.72% 37.89% Withdrawn Number of Applications Withdrawn ,286 % of Total Number of Applications 22.53% 43.25% In Process Number of Applications In Process 718 N/A % of Total Number of Applications 32.10% N/A Total Total Number of Applications Received 2,237 67,720 General Characteristics Other Characteristics Number of Borrowers Participating in Other HFA HHF Programs or Program Components Program Characteristics Median 1st Lien Housing Payment Before Assistance $1, $1, Median 1st Lien Housing Payment After Assistance N/A N/A Median 2nd Lien Housing Payment Before Assistance N/A N/A Median 2nd Lien Housing Payment After Assistance N/A N/A Median 1st Lien UPB Before Program Entry $220, $233, Median 1st Lien UPB After Program Entry N/A N/A Median 2nd Lien UPB Before Program Entry N/A N/A Median 2nd Lien UPB After Program Entry N/A N/A Median Principal Forgiveness N/A N/A Median Length of time Borrower Receives Assistance N/A N/A Median Assistance Amount $13, $12, Assistance Characteristics Assistance Provided to Date $6,888, $180,555, Total Lender/Servicer Assistance Amount $0.00 $0.00 Borrowers Receiving Lender/Servicer Match (%) 0.00% 0.00% Median Lender/Servicer Assistance per Borrower $0.00 $0.00 Median Length of Time from Initial Request to Assistance Granted Current Number 0 37 % 0.00% 0.31% Delinquent (30+) Number 72 1,877 % 18.23% 15.56% Delinquent (60+) Number 56 1,665 % 14.18% 13.81% Delinquent (90+) Number 267 8,481 % 67.59% 70.32%

19 Current Combined Loan to Value Ratio (CLTV) Program Outcomes 2 HFA Performance Data Reporting- Program Performance Mortgage Reinstatement Assistance Program Above 160% 0.25% 9.85% 140% - 159% 0.25% 4.87% 120% - 139% 0.25% 7.34% 100% - 119% 3.80% 12.47% Below 100% 95.44% 65.47% Borrower Income as Percent of Area Median Income (AMI) 3, 4 Hardship Above 120% 18.99% 12.04% 110% - 119% 11.65% 12.21% 100% - 109% 12.41% 12.26% 90% - 99% 12.66% 12.89% 80% - 89% 12.66% 13.03% Below 80% 31.65% 37.56% Unemployment 0 0 Underemployment 258 7,498 Divorce Medical Condition Death Other 90 2,590 Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) ,060 Alternative Outcomes Foreclosure Sale Cancelled 5 Number % 0.25% 0.95% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Number % 0.00% 4.24% Re-employed/ Regain Appropriate Employment Level Reinstatement/Current/Payoff 5 Number ,435 % 99.75% 94.82% Short Sale Deed in Lieu Other - Borrower Still Owns Home Number 0 0 % 0.00% 0.00%

20 Homeownership Retention 6 HFA Performance Data Reporting- Program Performance Mortgage Reinstatement Assistance Program Six Months Number N/A 11,211 Six Months % N/A 99.61% Twelve Months Number N/A 10,153 Twelve Months % N/A 98.32% Twenty-four Months Number N/A 7,414 Twenty-four Months % 7 N/A 93.63% Unreachable Number N/A 1 Unreachable % N/A 0.01% 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. Two (2) homeowners approved in prior quarter received a supplemental payment and are now counted in Program Outcomes. 3. MRAP AMI qualification will be calculated based on income during the period of the hardship if the household is determined to exceed AMI at the time of request for assistance. 4. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income. 5. Three (3) homeowners cancelled assistance that KYHC approved in prior quarters. count has been restated to reflect change. 6. Borrower still owns home. 7. The 24 month Homeownership Retention % computed only on foreclosures and short sales (excluding traditional home sales) would be 96.62%. If computed solely on foreclosures it would be 98.46%. Statistics are based on number of Approved Applications. Program Outcome/Homeowner Retention results may not carryforward from prior quarters due to reclassifications of outcome based on additional information and/or continued improvements in KYHC's data collection processes.

21 Program Intake/Evaluation 1 Approved Number of Applications Approved 8 1,011 % of Total Number of Applications 18.18% 42.64% Denied Number of Applications Denied % of Total Number of Applications 31.82% 24.63% Withdrawn Number of Applications Withdrawn % of Total Number of Applications 18.18% 32.14% In Process Number of Applications In Process 14 N/A % of Total Number of Applications 31.82% N/A Total Total Number of Applications Received 44 2,371 Number of Borrowers Participating in Other HFA HHF Programs or Program Components 0 0 Program Characteristics General Characteristics Median 1st Lien Housing Payment Before Assistance $1, $1, Median 1st Lien Housing Payment After Assistance N/A N/A Median 2nd Lien Housing Payment Before Assistance N/A N/A Median 2nd Lien Housing Payment After Assistance N/A N/A Median 1st Lien UPB Before Program Entry $235, $309, Median 1st Lien UPB After Program Entry N/A N/A Median 2nd Lien UPB Before Program Entry N/A N/A Median 2nd Lien UPB After Program Entry N/A N/A Median Principal Forgiveness N/A N/A Median Length of time Borrower Receives Assistance N/A N/A Median Assistance Amount $2, $4, Assistance Characteristics Other Characteristics IFA Performance Data Reporting- Program Performance Transition Assistance Program Assistance Provided to Date $24, $3,587, Total Lender/Servicer Assistance Amount N/A N/A Lender/Servicer Match (%) N/A N/A Median Lender/Servicer Assistance per Borrower N/A N/A Median Length of Time from Initial Request to Assistance Granted Current Number 0 27 % 0.00% 2.67% Delinquent (30+) Number 0 18 % 0.00% 1.78% Delinquent (60+) Number 0 18 % 0.00% 1.78% Delinquent (90+) Number % % 93.77%

22 Current Combined Loan to Value Ratio (CLTV) IFA Performance Data Reporting- Program Performance Transition Assistance Program Above 160% 0.00% 20.87% 140% - 159% 0.00% 10.09% 120% - 139% 25.00% 15.33% 100% - 119% 25.00% 19.88% Below 100% 50.00% 33.83% Borrower Income as Percent of Area Median Income (AMI) 2 Hardship Program Outcomes Alternative Outcomes Above 120% 12.50% 3.36% 110% - 119% 12.50% 4.95% 100% - 109% 0.00% 6.13% 90% - 99% 0.00% 6.82% 80% - 89% 0.00% 7.91% Below 80% 75.00% 70.82% Unemployment 0 0 Underemployment Divorce 0 64 Medical Condition 1 68 Death 0 79 Other Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) 8 1,011 Foreclosure Sale Cancelled Number 0 0 % 0.00% 0.00% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Re-employed/ Regain Appropriate Employment Level Reinstatement/Current/Payoff Short Sale Number % % 99.80% Deed in Lieu Number 0 2 % 0.00% 0.20% Other - Borrower Still Owns Home

23 Homeownership Retention 3 IFA Performance Data Reporting- Program Performance Transition Assistance Program Six Months Six Months Twelve Months Twelve Months Twenty-four Months Twenty-four Months Unreachable Unreachable 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income. 3. Borrower still owns home. Statistics are based on number of Approved Applications. Program Outcome results may not carryforward from prior quarters due to reclassifications of outcome based on additional information and/or continued improvements in KYHC's data collection processes.

24 Program Intake/Evaluation 1 Approved Number of Applications Approved % of Total Number of Applications 19.87% 27.37% Denied Number of Applications Denied % of Total Number of Applications 6.31% 17.69% Withdrawn Number of Applications Withdrawn % of Total Number of Applications 19.87% 46.23% In Process Number of Applications In Process 171 N/A % of Total Number of Applications 53.94% N/A Total Total Number of Applications Received 317 1,962 Number of Borrowers Participating in Other HFA HHF Programs or Program Components 0 0 Program Characteristics General Characteristics Median 1st Lien Housing Payment Before Assistance $0.00 $0.00 Median 1st Lien Housing Payment After Assistance N/A N/A Median 2nd Lien Housing Payment Before Assistance N/A N/A Median 2nd Lien Housing Payment After Assistance N/A N/A Median 1st Lien UPB Before Program Entry $0.00 $0.00 Median 1st Lien UPB After Program Entry N/A N/A Median 2nd Lien UPB Before Program Entry N/A N/A Median 2nd Lien UPB After Program Entry N/A N/A Median Principal Forgiveness N/A N/A Median Length of time Borrower Receives Assistance N/A N/A Median Assistance Amount $11, $11, Assistance Characteristics Other Characteristics HFA Performance Data Reporting- Program Performance Reverse Mortgage Assistance Program Assistance Provided to Date $847, $6,673, Total Lender/Servicer Assistance Amount N/A N/A Lender/Servicer Match (%) N/A N/A Median Lender/Servicer Assistance per Borrower N/A N/A Median Length of Time from Initial Request to Assistance Granted Current Number % 100.0% 100.0% Delinquent (30+) Number 0 0 % 0.0% 0.0% Delinquent (60+) Number 0 0 % 0.0% 0.0% Delinquent (90+) Number 0 0 % 0.0% 0.0%

25 Current Combined Loan to Value Ratio (CLTV) Hardship HFA Performance Data Reporting- Program Performance Reverse Mortgage Assistance Program Above % % % Below 100 Borrower Income as Percent of Area Median Income (AMI) 3 Above 120% 1.59% 0.19% 110% - 119% 0.00% 0.37% 100% - 109% 0.00% 0.74% 90% - 99% 1.59% 0.19% 80% - 89% 1.59% 2.61% Below 80% 95.24% 95.90% Unemployment 0 0 Underemployment 4 54 Divorce 0 1 Medical Condition 8 72 Death 4 58 Other Program Outcomes 2 Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) Alternative Outcomes Foreclosure Sale Cancelled Number 1 1 % 2.63% 0.20% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Re-employed/ Regain Appropriate Employment Level Reinstatement/Current/Payoff Number % 97.37% 99.80% Short Sale Deed in Lieu Other - Borrower Still Owns Home Number 0 0 % 0.00% 0.00%

26 Homeownership Retention 4 HFA Performance Data Reporting- Program Performance Reverse Mortgage Assistance Program Six Months Number N/A 392 Six Months % N/A 99.49% Twelve Months Number N/A 251 Twelve Months % N/A 96.54% Twenty-four Months Number N/A 0 Twenty-four Months % N/A 0.00% Unreachable Number N/A 0 Unreachable % N/A 0.00% 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. Thirty seven (37) homeowners approved in current quarter will receive a scheduled supplemental payment totaling $148,979 next quarter and therefore are not counted in Program Outcomes section until all assistance is funded. Twelve (12) homeowners approved in the prior quarter received their final disbursement and are included in the cumulative total. A dual disbursement workflow was implemented to confirm that no further funds were required to reinstate the loan. 3. KYHC reports gross household income as provided by the homeowner(s). Not all types of reported household income are used to determine program eligibility or calculate program benefits. Example: KYHC does not use temporary income, which includes unemployment and/or short term disability, to determine affordability and/or calculate Area Median Income. 4. Borrower still owns home. Statistics are based on number of Approved Applications. Program Outcome/Homeowner Retention results may not carryforward from prior quarters due to reclassifications of outcome based on additional information and/or continued improvements in KYHC's data collection processes.

27 Program Intake/Evaluation 1 Approved Number of Applications Approved 0 34 % of Total Number of Applications 0.00% 80.95% Denied Number of Applications Denied 0 8 % of Total Number of Applications 0.00% 19.05% Withdrawn Number of Applications Withdrawn 0 0 % of Total Number of Applications 0.00% 0.00% In Process Number of Applications In Process 0 N/A % of Total Number of Applications 0.00% N/A Total Total Number of Applications Received 0 42 Number of Borrowers Participating in Other HFA HHF Programs or Program Components 0 0 Program Characteristics General Characteristics Median 1st Lien Housing Payment Before Assistance $0.00 $1, Median 1st Lien Housing Payment After Assistance N/A N/A Median 2nd Lien Housing Payment Before Assistance $0.00 $ Median 2nd Lien Housing Payment After Assistance $0.00 $0.00 Median 1st Lien UPB Before Program Entry $0.00 $199, Median 1st Lien UPB After Program Entry N/A N/A Median 2nd Lien UPB Before Program Entry $0.00 $70, Median 2nd Lien UPB After Program Entry $0.00 $30, Median Principal Forgiveness $0.00 $48, Median Length of time Borrower Receives Assistance N/A N/A Median Assistance Amount $0.00 $18, Assistance Characteristics Other Characteristics HHF Performance Data Reporting- Program Performance Community Subordinated Lien Principal Reduction Program Assistance Provided to Date $0.00 $589, Total Lender/Servicer Assistance Amount $0.00 $993, Borrowers Receiving Lender/Servicer Match (%) 0% 100% Median Lender/Servicer Assistance per Borrower $0.00 $28, Median Length of Time from Initial Request to Assistance Granted Current Number 0 30 % 0.00% 88.24% Delinquent (30+) Number 0 0 % 0.00% 0.00% Delinquent (60+) Number 0 0 % 0.00% 0.00% Delinquent (90+) Number 0 4 % 0.00% 11.76%

28 Current Combined Loan to Value Ratio (CLTV) Program Outcomes HHF Performance Data Reporting- Program Performance Community Subordinated Lien Principal Reduction Program Above 160% 0.00% 61.76% 140% - 159% 0.00% 17.65% 120% - 139% 0.00% 11.76% 100% - 119% 0.00% 2.94% Below 100% 0.00% 5.88% Borrower Income as Percent of Area Median Income (AMI) Hardship Above 120% 0.00% 0.00% 110% - 119% 0.00% 0.00% 100% - 109% 0.00% 0.00% 90% - 99% 0.00% 2.94% 80% - 89% 0.00% 11.76% Below 80% 0.00% 85.29% Unemployment 0 5 Underemployment 0 19 Divorce 0 2 Medical Condition 0 2 Death 0 0 Other 0 6 Borrowers No Longer in the HHF Program (Program Completion/Transition or Alternative Outcomes) 0 34 Alternative Outcomes Foreclosure Sale Cancelled Number 0 0 % 0.00% 0.00% Deed in Lieu Short Sale Program Completion/ Transition Loan Modification Program Number 0 0 % 0.00% 0.00% Re-employed/ Regain Appropriate Employment Level Reinstatement/Current/Payoff Number 0 34 % 0.00% % Short Sale Deed in Lieu Other - Borrower Still Owns Home Number 0 0 % 0.00% 0.00%

29 Homeownership Retention 2 HHF Performance Data Reporting- Program Performance Community Subordinated Lien Principal Reduction Program Six Months Number N/A 33 Six Months % N/A 97.06% Twelve Months Number N/A 33 Twelve Months % N/A 97.06% Twenty-four Months Number N/A 33 Twenty-four Months % N/A 97.06% Unreachable Number N/A 0 Unreachable % N/A 0.00% 1. Applications marked as Denied or Withdrawn in previous quarters may be reconsidered due to a change in borrower circumstances, some borrower counts may not sum in a quarter-over-quarter fashion. 2. Borrower still owns home. Statistics are based on number of Approved Applications. Program Outcome/Homeowner Retention results may not carryforward from prior quarter report due to reclassification of outcome based on additional information received and continued improvement in data collection processes.

30 Unique Borrower Count Number of Unique Borrowers Receiving Assistance Number of Unique Borrowers Denied Assistance Number of Unique Borrowers Withdrawn from Program Number of Unique Borrowers in Process Total Number of Unique Applicants Program Expenditures Total Assistance Provided to Date Total Spent on Administrative Support, Outreach, and Counseling Borrower Income All Categories Borrower Income as Percent of Area Median Income (AMI) All Categories Geographic Breakdown (by County) All Categories Home Mortgage Disclosure Act (HMDA) Race All Categories Ethnicity All Categories Sex All Categories Race All Categories Ethnicity All Categories Sex All Categories Hardship All Categories Current Loan to Value Ratio (LTV) All Categories Current Combined Loan to Value Ratio (CLTV) All Categories Total number of unique borrowers having received some form of assistance under any one of the HFA's programs. The number of borrowers represented in the other "Borrower Characteristics" fields should foot to this number. Total number of unique borrowers not receiving assistance under any of the programs and not withdrawn. Total number of unique borrowers who do not receive assistance under any program because of voluntary withdrawal after approval or failure to complete application despite attempts by the HFA. Total number of unique borrowers who have not been decisioned for any program and are pending review. This should be reported in the column only. Total number of unique borrowers. This should be the total of the four above fields (using the column for in process borrowers). Total amount of assistance disbursed on behalf of all borrowers. Total amount spent on administrative expenses to support the program(s). At the time of assistance, borrower's annual income ($) rounded to the nearest thousand. At the time of assistance, borrower's annual income as a percentage of area median income. Number of aggregate borrowers assisted in each county listed. All totals for the aggregate number of borrowers assisted. All totals for the aggregate number of borrowers assisted. All totals for the aggregate number of borrowers assisted. Co-Borrower All totals for the aggregate number of borrowers assisted. All totals for the aggregate number of borrowers assisted. All totals for the aggregate number of borrowers assisted. All totals for the aggregate number of borrowers assisted. Market loan-to-value ratio calculated using the unpaid principal balance of the first mortgage at the time of assistance divided by the most current valuation at the time of assistance. Market combined loan-to-value ratio calculated using the unpaid principal balance for all first and junior liens at the time of assistance divided by the most current valuation at the time of assistance. Delinquency Status (%) All Categories Delinquency status at the time of assistance. Household Size All Categories Household size at the time of assistance. HFA Performance Data Reporting - Program Performance The Following Data Points Are To Be Reported In Aggregate For All Programs: Program Intake/Evaluation Approved Number of Borrowers Receiving Assistance The total number of borrowers receiving assistance for the specific program. % of Total Number of Applications Total number of borrowers receiving assistance for the specific program divided by the total number of borrowers who applied for the specific program. Denied Number of Borrowers Denied The total number of borrowers denied for assistance for the specific program. A denial is defined as a borrower who has provided the necessary information for consideration for program assistance, but is not approved for assistance under the specific program. % of Total Number of Applications Total number of borrowers denied for assistance for the specific program divided by the total number of borrowers who applied for the specific program. Withdrawn Number of Borrowers Withdrawn The total number of borrowers withdrawn from the specific program. A withdrawal is defined as a borrower who was approved but never received funding, or a borrower who drops out of the process despite attempts by the HFA to complete application. % of Total Number of Applications Total number of borrowers withdrawn for the specific program divided by the total number of borrowers who applied for the specific program. In Process Number of Borrowers In Process The total number of borrowers who have applied for assistance from the specific program that have not been decisioned and are pending review. This should be reported in the column only. % of Total Number of Applications Total number of borrowers who have applied for assistance from the specific program that have not been decisioned and are pending review divided by the total number of borrowers who applied for the specific program. Total Total Number of Borrowers Applied Total number of borrowers who applied for the specific program (approved, denied, withdrawn and Number of Borrowers Participating in Other HFA HHF Programs or Program Components Data Dictionary HFA Performance Data Reporting - Borrower Characteristics The Following Data Points Are To Be Reported In Aggregate For All Programs: Borrower in process). Number of borrowers participating in other HFA sponsored HHF programs or other HHF program components (i.e., funded borrowers only).

31 Program Characteristics (For All Approved Applicants) General Characteristics Median 1st Lien Housing Payment Before Assistance Median 1st Lien Housing Payment After Assistance Median 2nd Lien Housing Payment Before Assistance Median first lien housing payment paid by homeowner prior to receiving assistance. In other words, the median contractual borrower payment on their first lien before receiving assistance. Median first lien housing payment paid by homeowner after receiving assistance. In other words, the median contractual first lien payment less HFA contribution. Median second lien housing payment paid by homeowner prior to receiving assistance. In other words, the median contractual borrower payment on their second lien before receiving assistance. Median 2nd Lien Housing Payment After Assistance Median 1st Lien UPB Before Program Entry Median 1st Lien UPB After Program Entry Median 2nd Lien UPB Before Program Entry Median 2nd Lien UPB After Program Entry Median Principal Forgiveness Median Length of Time Borrower Receives Assistance Median Assistance Amount Assistance Characteristics Assistance Provided Total Lender/Servicer Assistance Amount Borrowers Receiving Lender/Servicer Match (%) Median Lender/Servicer Assistance per Borrower Other Characteristics Median Length of Time from Initial Request to Assistance Granted Median second lien housing payment paid by homeowner after receiving assistance. In other words, the median contractual second lien payment less HFA contribution. Median unpaid principal balance prior to receiving assistance. Median unpaid principal balance after receiving assistance. Median second lien unpaid principal balance prior to receiving assistance. Median second lien unpaid principal balance after receiving assistance. Median amount of principal reduction provided, including the amount ($) provided by the HFA on behalf of the borrower and the amount ($) provided by the lender/servicer, including second lien extinguishment. Extinguished fees should only be included if those fees have been capitalized. Median length of time borrowers receive on-going assistance (e.g., mortgage payment assistance programs). Please report in months (round up to closest integer). This only need be reported in the cumulative column. Median amount of assistance ($) disbursed to the lender/servicer on behalf of the borrower. Total amount of aggregate assistance provided by the HFA (does not include lender matching assistance or borrower partial payments). Total amount of aggregate assistance provided by the lenders/servicers (does not include HFA assistance). Waived servicing fees and/or forbearance does not count towards lender/servicer assistance. Number of borrowers receiving lender/servicer match divided by the total number of assisted borrowers. Median lender/servicer matching amount (for borrowers receiving match assistance). Median length of time from initial contact with borrower to assistance provided. Please report in days (round up to closest integer). Current Number Number of borrowers current at the time assistance is received. % Number of current borrowers divided by the total number of approved applicants. Delinquent (30+) Number Number of borrowers 30+ days delinquent but less than 60 days delinquent at the time assistance is received. % Number of borrowers 30+ days delinquent but less than 60 days delinquent divided by the total number of approved applicants. Delinquent (60+) Number Number of borrowers 60+ days delinquent but less than 90 days delinquent at the time assistance is received. % Number of borrowers 60+ days delinquent but less than 90 days delinquent divided by the total number of approved applicants. Delinquent (90+) Number Number of borrowers 90+ days delinquent at the time assistance is received. % Number of borrowers 90+ days delinquent divided by the total number of approved applicants. Program Outcomes Borrowers No Longer in the HHF Program (Program Number of borrowers no longer receiving assistance under this program. Completion/Transition or Alternative Outcome) Alternative Outcomes Foreclosure Sale Number Number of borrowers transitioned out of the HHF program into a foreclosure sale as an alternative outcome of the program. % Number of foreclosed borrowers divided by the total number of borrowers no longer receiving assistance under this program. Cancelled Number Number of borrowers who were approved and funded, then were disqualified or voluntarily withdrew from the program without re-employment or other intended transition. % Number of cancelled borrowers divided by the total number of borrowers no longer receiving assistance under this program. Deed-in-Lieu Number Number of borrowers transitioned out of the HHF program into a deed-in-lieu as an alternative outcome of the program. % Number of borrowers who transitioned from their homes via a deed-in-lieu divided by the total number of borrowers no longer receiving assistance under this program. Short Sale Number Number of borrowers transitioned out of the HHF program into a short sale as an alternative outcome of the program. % Number of borrowers who transitioned from their homes via a short sale divided by the total number of borrowers no longer receiving assistance under this program.