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Federal Property Manager's Report - December 201417614<p>​<span style="padding&#58;0in;border&#58;1pt windowtext;color&#58;#404040;font-family&#58;arial, sans-serif;font-size&#58;10.5pt;background&#58;white;">​The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period</span>.</p>3/26/2015 3:00:27 PM100http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Fourth Quarter 201417616<h2>​​Fourth Quarter 2014 Highlights</h2><p> <strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;"><br>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>Nearly 65,900 foreclosure prevention actions were completed during the fourth quarter, bringing the total to more than 3.4 million since the start of conservatorships in September 2008. Approximately 2.8 million of these actions have helped troubled homeowners stay in their homes including nearly 1.8 million permanent loan modifications.<br></li><li>Approximately 33 percent of all permanent loan modifications in the fourth quarter helped to reduce homeowners' monthly&#160;payments by over 30 percent.<br></li><li>The share of modifications with principal forbearance fell to 20 percent while modifications with extend-term only increased to 46 percent due to improving house prices and declining HAMP eligible population.<br></li><li>As of December 31, 2014, approximately 17 percent of loans modified in the fourth quarter of 2013 had missed two or more&#160;payments, one year after modification.<br></li><li>There were 10,800 completed short sales and deeds-in-lieu during the quarter, bringing the total to approximately 605,000&#160;since the start of conservatorships.</li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong><br></p><ul><li>The number of 60+ days delinquent loans declined 3 percent during the quarter to the lowest level since the start of<br>conservatorships.</li></ul><ul><li>The serious delinquency rate fell to 1.9 percent at the end of the quarter compared with 6.0 percent for Federal Housing&#160;Administration (FHA) loans, 3.4 percent for Veterans Affairs (VA) loans and 4.5 percent for all loans (Industry average).</li></ul><p> <strong>The Enterprises' Foreclosures&#58;</strong><br></p><ul><li>Third-party sales and foreclosure sales fell 7 percent to nearly 36,200 while foreclosure starts decreased slightly to approximately 74,000 in the fourth quarter.</li></ul><ul><li>REO inventory declined 8 percent during the quarter to approximately 111,000, as property dispositions continued to<br>outpace property acquisitions.</li></ul><p><a href="/Media/PublicAffairs/Pages/Foreclosure-Prevention-Actions-Top-3-4-Million-Through-Fourth-Quarter-2014.aspx">Related News Release</a>​</p>3/26/2015 3:00:29 PM187http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - January 201517601<h2>January 2015 Highlights</h2><p></p><ul><li>Refinance volume decreased in January 2015. Mortgage rates continued to fall from the highs observed in late 2013. In January the average interest rate on a 30 year fixed rate mortgage reached 3.67 percent.</li><li>In January 2015, 10,591 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,281,045.</li><li>HARP volume represented 7 percent of total refinance volume in January 2015.</li><li>In January 2015, borrowers with loan-to-value ratios greater than 105 percent accounted for 25 percent of the volume of HARP loans.</li><li>In January 2015, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li><li>In January 2015, 28 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.</li><li>In January 2015, HARP refinances represented 17 percent of total refinances in Florida and 16 percent in Georgia, more than double the 7 percent of total refinances nationwide over the same period.</li><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.<br></li></ul>3/25/2015 3:06:21 PM334http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - January 201517594<p>​The FHFA House Price Index (HPI) reported a&#160;0.3 percent&#160;increase in U.S. house prices in&#160;January from the previous month.&#160;&#160;From&#160;January&#160;2014 to January&#160;2015, house prices were up&#160; 5.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;December 2014 to&#160;January&#160;2015 ranged from&#160;-0.4&#160;percent in the&#160;Middle Atlantic and South Atlantic divisions to +2.3&#160;percent in the&#160;East South Central&#160;division.&#160; The 12-month changes were all positive ranging from +1.7&#160;percent in the&#160;Middle Atlantic division to +8.2&#160;percent in the Pacific division.​</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-3-Percent-in-January-2015.aspx">Related News Release</a></p>3/24/2015 1:01:08 PM759http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Progress Report on the Implementation of FHFA's Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac17567<p>​This Progress Report details&#160;the initiatives outlined in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and the 2014 Conservatorship Scorecard. &#160;The report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals&#58; <strong>Maintain</strong>, <strong>Reduce</strong>, and <strong>Build</strong>. &#160;&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2014-Strategic-Plan-for-Fannie-and-Freddie-Conservatorships.aspx">Link to Related News Release</a>​</p>3/16/2015 4:00:55 PM436http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2015 FHFA Chief FOIA Officer Report17569<p>​<span style="border&#58;0px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-stretch&#58;inherit;line-height&#58;22px;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;background-color&#58;#ffffff;">FHFA is committed to providing access to agency records through a citizen-centered and results-oriented FOIA program. Its unified FOIA regulation adopted the plain language question and answer format that often is preferred for general public audiences. As a new independent agency, its FOIA working&#160;</span><span style="border&#58;0px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-stretch&#58;inherit;line-height&#58;22px;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;background-color&#58;#ffffff;">group also is thoroughly reviewing changes that could improve the efficiency, effectiveness, and transparency of the agency’s FOIA program. ​​​​</span></p>3/16/2015 4:32:17 PM332http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 4Q 2014/ December17475<h2>Significant Findings&#58;</h2><div><ul><li>Between the fourth quarter of 2013 and the fourth quarter of 2014, the seasonally adjusted, purchase-only HPI rose in 48 states and the District of Columbia. &#160;The top five areas in annual appreciation&#58; 1) District of Columbia&#58; 12.5 percent; 2) Nevada&#58; &#160;9.0 percent; 3) North Dakota&#58; 8.4 percent; 4) Colorado&#58; 7.9 percent; and 5) Michigan&#58; 7.8 percent.</li><li>As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., fourth quarter price increases were greatest in the San Francisco-Redwood City-South San Francisco, CA area, where prices increased by 6.0 percent. &#160;Prices were weakest in the El Paso, TX MSA, where they fell 6.6 percent.<br></li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 1.8 percent quarterly increase and a 5.5 percent increase since last year. &#160;House price appreciation was weakest in the New England division, where prices fell .03 percent.&#160;</li><li>The monthly seasonally adjusted, purchase-only index for the U.S. has increased for 23 of the last 24 months (November 2013 showed a decrease)</li></ul></div><div><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1-4-Percent-in-Fourth-Quarter-2014.aspx">Related News Release</a>​</div>2/26/2015 2:00:16 PM3187http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Fourth Quarter 201417464<h2>​Fourth&#160;Quarter 2014 Highlights&#160;</h2><div><div><ul><li>More loans were refinanced in December than in any other month in 2014. Mortgage rates continued to fall from the highs observed in late 2013. In December the average interest rate on a 30 year fixed rate mortgage reached 3.86 percent.<br></li><li>In the fourth quarter of 2014, 37,397 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,270,451.</li><li>HARP volume represented 9 percent of total refinance volume in the fourth quarter of 2014.<br></li><li>In December 2014, 8 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.<br></li><li>Year to date through December 2014, borrowers with loan-tovalue ratios greater than 105 percent accounted for 27 percent of the volume of HARP loans.<br></li><li>Year to date through December 2014, 25 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.</li><li>Year to date through December 2014, HARP refinances represented 29 percent of total refinances in Georgia and 28 percent in Florida, nearly double the 14 percent of total refinances nationwide over the same period.<br></li><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</li></ul><div><a href="/Media/PublicAffairs/Pages/FHFA-Refinance-Report-Shows-Uptick-in-December-2014.aspx">Related News Release</a>​</div></div></div><p></p>2/20/2015 7:00:54 PM618http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - November 201417408<p><strong>​​The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><div><ul><li><p>Approximately 18,700 foreclosure prevention actions were completed in November, bringing the total to&#160;nearly 3.4 million since the start of the conservatorships in September 2008. Half of these actions have been&#160;permanent loan modifications.&#160;</p></li><li><p>There were more than 11,900 permanent loan modifications in November, down 19 percent compared with October.</p></li><li><p>About 21 percent of all permanent loan modifications in November included principal forbearance.<br></p></li><li><p>Approximately 3,000 short sales and deeds-in-lieu were completed in November, down 21 percent&#160;compared with October.</p></li></ul></div><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><div><ul><li><p>The serious delinquency rate declined slightly to 1.91 percent in November, the lowest level since December 2008.<br></p></li></ul></div><div><br></div><p><strong>The Enterprises' Foreclosures&#58;</strong></p><div><ul><li><p>​Third-party and foreclosure sales dropped 26 percent to nearly 10,600, while foreclosure starts decreased 22 percent to approximately 21,300 in November.<br></p></li></ul></div>2/10/2015 3:01:44 PM526http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - November 201417409<p>​<span style="font-size&#58;10.5pt;font-family&#58;arial, sans-serif;color&#58;#404040;border&#58;1pt none windowtext;padding&#58;0in;background&#58;white;">The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac. Each FPM is also required to report to Congress the number and types of loan modifications and the number of foreclosures during the reporting period.​</span></p>2/10/2015 3:01:54 PM381http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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