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Refinance Report - Second Quarter 201518452<h2>​Second Quarter 2015 Highlights</h2><ul><li>Refinance volume increased slightly in June 2015 after falling in May. Mortgage rates continued to rise in June&#58; the average interest rate on a 30 year fixed rate mortgage reached 3.98 percent.</li><li>In the second quarter of 2015, 31,561 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,333,654.</li><li>HARP volume represented 5 percent of total refinance volume in the second quarter of 2015.</li><li>Year to date through June 2015, borrowers with loan‐to‐value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans.</li><li>In June 2015, 7 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li> <font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font> <li>Year to date through June 2015, 29 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.<font face="Calibri"> </font></li><li>Year to date through June 2015, HARP refinances represented 13 or more percent of total refinances in Florida and Georgia, more than double the 5 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.</li></ul> <a href="/Media/PublicAffairs/Pages/HARP-Refinances-Remain-Steady-Through-Second-Quarter-2015.aspx">Related News Release</a>8/27/2015 5:00:27 PM128http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2Q 2015 / June18430<p>U.S. house prices rose <strong>1.2 percent </strong>in the second quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the 16th consecutive quarterly price increase in the purchase-only, seasonally adjusted index. FHFA’s seasonally adjusted monthly index for June was up <strong>0.2 percent </strong>from May. House prices rose <strong>5.4 percent </strong>from the second quarter of 2014 to the second quarter of 2015. </p><p>The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.</p><p>The seasonally adjusted, purchase-only HPI rose <strong>5.4 percent </strong>from the second quarter of 2014 to the&#160;second quarter of 2015, while prices of other goods and services fell 1.4 percent. The inflation-adjusted price of homes thus rose approximately 6.9 percent over the latest year.<br><br> <strong>Significant Findings</strong><br></p><ul><li>Home prices rose in every state between the second quarter of 2014 and the second quarter of 2015. The top five areas in annual appreciation&#58; 1) Colorado – 10.6 percent, 2) Nevada – 10.5 percent, 3) Florida – 9.7 percent, 4) Hawaii – 9.5 percent, and 5) Washington – 8.8 percent.<br></li><li>Among the 100 most-populated metropolitan areas in the U.S., four-quarter price increases were greatest in San Francisco-Redwood City-South San Francisco, CA (MSAD), where prices increased by 18.3 percent. Prices were weakest in the Allentown-Bethlehem-Easton, PA-NJ, where they fell -1.1 percent.<br></li><li>Of the nine census divisions, the South Atlantic division experienced the strongest increase in the second quarter, posting a 1.7 percent quarterly increase and a 6.1 percent increase since last year. House price appreciation was weakest in the Middle Atlantic division, where prices were flat in the second quarter. </li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt2-Percent-in-Second-Quarter-2015.aspx">Related News Release </a></p>8/25/2015 1:00:28 PM870http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions18407<p>In 2012, the Federal Housing Finance Agency (FHFA) initiated a strategic plan to develop a program of credit risk transfer intended to reduce Fannie Mae's and Freddie Mac's (the Enterprises') overall risk and, therefore, the risk they pose to taxpayers.&#160; In just three years, the Enterprises have made significant progress in developing a market for credit risk transfer securities, evidenced by the fact that they have already transferred significant credit risk on loans with over $667 billion of unpaid principal balance (UPB).&#160; </p><p>Credit risk transfer is now a regular part of the Enterprises' business.&#160; The Enterprises are currently transferring a significant amount of the credit risk on almost 90% of the loans that account for the vast majority of their underlying credit risk.&#160; These loans constitute about half of all Enterprise loan acquisitions.&#160; Going forward, FHFA will continue to encourage the Enterprises to engage in large volumes of meaningful credit risk transfer through specific goals in the annual conservatorship scorecard and by working closely with Enterprise staff to develop and evaluate credit risk transfer structures.</p>8/21/2015 3:00:50 PM958http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - May 201518320<h2>​May 2015 Highlights​</h2><div><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></div><div><br>&#160;</div><div><ul><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">The Enterprises completed 20,812 foreclosure&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">prevention actions in May 2015, bringing the total to&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">3,520,501 since the start of the conservatorships in&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">September 2008. Over half of these actions have been&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">permanent loan modifications.</span><br></li><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">There were 14,069 permanent loan modifications in&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">May, bringing the total to 1,820,692 since the start of​&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">conservatorships.</span><br></li><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">The share of modifications with principal forbearance&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">remained at 19 percent while modifications with extendterm</span><br></li><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">only was 47 percent in May due to improved house&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">prices and a declining HAMP eligible population.</span><br></li><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">There were 2,882 short sales and deeds-in-lieu&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">completed in May, down 16 percent compared with April.</span></li></ul></div><div><strong><br></strong>&#160;</div><div><strong>The Enterprises' Mortgage Performance&#58;</strong></div><div><br>&#160;</div><div><ul><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">The serious delinquency rate fell t</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">o 1.65 percent at the&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">end of May, down from 1.70 percent at the end of April.</span><br></li></ul></div><div><strong><br></strong>&#160;</div><div><strong>The Enterprises' Foreclosures&#58;</strong></div><div><br>&#160;</div><div><ul><li><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">T</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">hird-party and foreclosure sales declined 8 percent to&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">9,929, while foreclosure starts increased 5 percent to&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">20,561 in May.​</span><br></li></ul></div>8/11/2015 4:01:00 PM286http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly FOIA Report - Third Quarter 201518277<p>The&#160;Office of Information Policy requires all agencies to provide quarterly reporting for four key FOIA statistics to the Department of Justice. &#160;This report is attended to identify trends and assess agencies' progress throughout the course of the fiscal year.&#160;</p>7/31/2015 2:00:27 PM261http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
No FEAR Act Data - Third Quarter FY 201518258<div aria-labelledby="ctl00_PlaceHolderMain_ctl03_label"><div class="WordSection1"><h4>Equal Employment Data Pursuant to Title III of the Notification and Federal Employee Antidiscrimination and Retaliation Act of 2002 (No Fear Act), Public Law 107–174</h4><p>&#160;</p><p>* The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.&#160;&#160;The report addresses the following&#58;</p><ul><li>Complaint Activity</li><li>Complaints by Basis</li><li>Complaints by Issue</li><li>Processing Time </li><li>Complaints Dismissed by Agency and Withdrawn by Complainants</li><li>Total Final Actions Finding Discrimination</li><li>Findings of Discrimination Rendered by Basis </li><li>Findings of Discrimination Rendered by Issue </li><li>Pending Complaints Filed in Previous Fiscal Years by Status</li><li>Complaint Investigations </li></ul></div></div>7/29/2015 3:02:42 PM282http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - May 201518217<h1>May 2015 Highlights</h1><ul><li>Refinance volume decreased in May 2015 but remained at levels above those observed in 2014. Mortgage rates rose in May&#58; the average interest rate on a 30 year fixed rate mortgage reached 3.84 percent.</li><li>In May 2015, 10,419 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,324,228.</li><li>HARP volume represented 5 percent of total refinance volume in May 2015.</li><li>Year to date through May 2015, borrowers with loan‐to‐value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans.</li><li>In May 2015, 8 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li>Year to date through May 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><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li>Year to date through May 2015, HARP refinances represented 13 or more percent of total refinances in Florida and Georgia, more than double the 6 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.</li></ul>7/23/2015 2:58:37 PM548http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - May 201518209<p>​<span style="line-height&#58;1.6;">The F</span><span style="line-height&#58;1.6;">HFA House Price Index (HPI) reported a&#160;0.4&#160;percent&#160;increase in U.S. house prices in May&#160;from the previous month.&#160;&#160;From May&#160;2014 to May&#160;2015, house prices were up&#160;5.7&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from April&#160;2015 to May&#160;2015 ranged from&#160;-0.6&#160;percent in the&#160;East South&#160;Central division to +1.1&#160;percent in the East&#160;North Central division.&#160; The 12-month changes were all positive, ranging from +0.9&#160;percent in the&#160;Middle Atlantic division to +8.4&#160;percent in the Pacific division.​</span></p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p>7/22/2015 1:00:33 PM2536http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
OMWI Strategic Plan FY 2016 - FY 201818163<p>The Office of Minority and Women Inclusion (OMWI) Strategic Plan for FY 2016 – FY 2018 reflects the results of a strategic planning process to develop effective strategies to fulfill OMWI’s role in leading diversity and inclusion (D&amp;I) and equal employment opportunity (EEO) efforts at the Federal Housing Finance Agency (FHFA), and D&amp;I efforts at Fannie Mae, Freddie Mac and the Federal Home Loan Bank System, which includes 11 Banks and the Office of Finance (together, the regulated entities). The plan applies a strategic framework that defines the OMWI vision, mission, and values. It also outlines how OMWI will support D&amp;I and EEO mandates included in both the Housing and Economic Recovery Act of 2008 (HERA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), while aligning with FHFA’s mission. The plan also describes how OMWI will help the agency advance and achieve its FY 2015 – 2019 strategic goals, most notably <em>Strategic Goal 2&#58; Ensure Liquidity, Stability, and Access in Housing Finance.</em> Many of the means and strategies that accompany this strategic goal encompass the agency’s commitment to promoting minority and women inclusion in the activities of FHFA and the regulated entities. OMWI strategic goals and objectives will be achieved through the development of annual operational plans and measured through specific performance metrics.</p>7/14/2015 6:45:14 PM1195http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - April 201518168<p><strong>April 2015 Highlights</strong></p><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><p>• The Enterprises completed 22,346 foreclosure prevention actions in April 2015, bringing the total to 3,499,689 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.<br>• There were 14,585 permanent loan modifications in April, bringing the total to 1,806,623 since the start of conservatorships.<br>• The share of modifications with principal forbearance was 19 percent while modifications with extend-term only remained at 48 percent in April due to improved house prices and a declining HAMP eligible population.<br>• There were 3,447 short sales and deeds-in-lieu completed in April, up 10 percent compared with March.<br>The Enterprises' Mortgage Performance&#58;<br>• The serious delinquency rate declined to 1.70 percent at the end of April, from 1.76 percent at the end of March.<br>The Enterprises' Foreclosures&#58;<br>• Third-party and foreclosure sales declined 2 percent to 10,742, while foreclosure starts fell 14 percent to 19,500 in April.</p>7/14/2015 7:37:03 PM469http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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