This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.
Operate the business in a safe and sound manner.
2.
Promote sustainable and equitable access to affordable housing.
2023 Scorecard
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
Source: FHFA
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossaries
COVID-19 Resources
Refinance volume decreased in the third quarter as mortgage rates rose in the preceding months. Mortgage rates continued to rise in September: the average interest rate on a 30 year fixed rate mortgage reached 4.49 percent.
In the third quarter of 2013, 203,536 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 2,942,817.
HARP refinances accounted for 23 percent of total refinances in the third quarter.
In the third quarter, 16 percent of the HARP refinances were at a loan-to-value ratio greater than 125 percent.
Year-to-date through September 2013, borrowers with loan-to-value ratios greater than 105 percent accounted for 41 percent of HARP refinances.
Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.
Year-to-date through September 2013, 19 percent of HARP refinances for underwater borrowers were for shorter-term 15- and 20-year mortgages, which build equity faster than traditional 30-year mortgages.
Year-to-date through September 2013, HARP refinances represented 57 percent of total refinances in Nevada and 49 percent in Florida, more than double the 22 percent of total refinances nationwide over the same period.
