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U.S. House Price Index Report - 3Q 2016 / September21843<p>U.S. house prices rose 1.5 percent in the third quarter of 2016 according to&#160;the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose&#160;6.1 percent from the third quarter of 2015 to the third quarter of 2016. FHFA’s seasonally&#160;adjusted monthly index for September was up 0.6 percent from August. The HPI is calculated&#160;using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and&#160;Freddie Mac. FHFA has produced a video of highlights for this quarter.</p><p>While the HPI rose 6.1 percent from the third quarter of 2015 to the third quarter of 2016, prices of&#160;other goods and services were nearly unchanged. The inflation-adjusted price of homes rose&#160;approximately 6.0 percent over the last year.</p><div><br></div><div><strong>Significant Findings</strong></div><div><strong><br></strong></div><div><ul><li>Home prices rose in 49 states between the third quarter of 2015 and the third quarter of&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">2016. Delaware and the District of Columbia were the only areas not to see price&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">increases. The top five states in annual appreciation were&#58; 1) Florida 10.7 percent; 2)&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Oregon 10.4 percent; 3) Washington 10.4 percent; 4) Colorado 10.0 percent; and 5)&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Utah 9.5 percent.</span><br></li><li>Among the 100 most populated metropolitan areas in the U.S., annual price increases&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">were greatest in the Tacoma-Lakewood, WA (MSAD), where prices increased by&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">12.9 percent. Prices were weakest in New Haven-Milford, CT, where they fell&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">1.7 percent.</span><br></li><li>Of the nine census divisions, the South Atlantic division experienced the strongest&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">increase in the third quarter, posting a 1.8 percent quarterly increase and a&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">7.1 percent increase since the third quarter of last year. House price appreciation was&#160;</span>weakest in the New England division, where prices rose 0.8 percent from the last&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">quarter.</span></li></ul></div><p><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1pt5-Percent-in-Third-Quarter-2016.aspx">​Related News Release</a></p><p>&#160;</p>11/23/2016 2:00:26 PM1517http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Third Quarter 201621753<h3>​Third Quarter 2016 Highlights</h3><p>&#160;</p><p>Total refinance volume increased in September 2016 as mortgage rates in August hovered at lows last observed in 2013. Mortgage rates increased in September&#58; the average interest rate on a 30‐year fixed rate mortgage was 3.46 percent.<br></p><p>In the third quarter of 2016&#58;</p><ul><li><font face="Calibri">Borrowers completed 15,597 refinances through HARP, bringing total refinances from the inception of the program to 3,434,451.</font></li><li>HARP volume represented 2 percent of total refinance volume.</li><li>Six percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent. </li></ul><p>Year to date through September 2016&#58; </p><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 21 percent of the volume fo HARP loans.</li><li>Twenty-six 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>Harp refinances represented 8 or more percent of total refinances in Florida and Georgia, more than double the 3 percent of total refinances nationwide over the same period. </li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2016. </p><p><a href="/Media/PublicAffairs/Pages/HARP-Refinances-Continue-Decline-in-Third-Quarter.aspx">Related News Release</a></p>11/17/2016 4:04:23 PM182http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - August 201621582<h1>August 2016 Highlights</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><ul><li>The Enterprises completed 16,585 foreclosure prevention actions in August 2016, bringing the total to 3,773,630 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.<br></li><li>There were 11,431 permanent loan modifications in August, bringing the total to 1,984,617 since the conservatorships began in September 2008.<br></li><li>The share of modifications with principal forbearance decreased to 19 percent. Modifications with extend-term only accounted for 44 percent of all permanent modifications in August due to improved house prices and a declining HAMP eligible population.<br></li><li>There were 2,134 short sales and deeds-in-lieu completed in August, up slightly compared with July.<br></li></ul><h2>The Enterprises' Mortgage Performance&#58;</h2><ul><li>The serious delinquency rate fell from 1.22 percent at the end of July to 1.16 percent at the end of August.<br></li></ul><h2>The Enterprises' Foreclosures&#58;</h2><ul><li>Third-party and foreclosure sales increased slightly from 7,108 in July to 7,210 in August.<br></li><li>Foreclosure starts decreased 2 percent from 17,517 in July to 17,115 in August.<br></li></ul>11/8/2016 4:00:32 PM264http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - August 201621504<p>​The FHFA House Price Index (HPI) reported a 0.7 percent increase in August from the previous month.&#160; From August 2015 to August 2016, house prices were up 6.4 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from July 2016 to August 2016 ranged from no change in the West North Central division to +1.2 percent in the New England division.&#160; The 12-month changes were all positive, ranging from +3.3 percent in the Middle Atlantic division to +7.9 percent&#160;in&#160;the Pacific division.&#160; </p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment. </p>10/25/2016 1:01:01 PM1895http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - August 201621465<h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;text-transform&#58;none;line-height&#58;1.4;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;lato, sans-serif;font-size&#58;22px;font-style&#58;normal;font-weight&#58;900;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">August 2016&#160;Highlights&#160;</h2><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;"></span>&#160;</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Total refinance&#160;volume increased in August 2016&#160;as rates fell over the previous five months.&#160; Mortgage rates remained unchanged in August&#58;&#160; the&#160;</span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">average interest rate on a 30-year fixes rate mortgage was 3.44 percent.</span></p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">In August 2016&#58;</span></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;inherit;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers completed 5,272 refinances through HARP, bringing total refinances from the inception of the program to 3,429,247.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP volume represented 3&#160;percent of total refinance volume.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Six percent of the loans refinances through HARP had a&#160;loan‐to‐value ratio&#160;greater than 125 percent.</span><br></li></ul><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Year to date through August 2016&#58;&#160;</span><br style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><ul style="font&#58;inherit;margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;vertical-align&#58;baseline;font-size-adjust&#58;inherit;font-stretch&#58;inherit;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Twenty-six percent of HARP refinance for underwater borrowers were for shorter-term 15- and&#160;20‐year mortgages, which build equity faster than traditional 30‐y</span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">ear mortgages.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP&#160;refinances represented&#160;8 or more percent of total refinances in Florida&#160;and Georgia, more than double the 4&#160;percent of total refinances nationwide over the same period.</span><br></li></ul></span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</span><br style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of March 31, 2016.</span>10/18/2016 5:00:58 PM369http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - July 201621409<h1>​July 2016 Highlights</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><ul><li>The Enterprises completed 15,547 foreclosure preventionactions in July 2016, bringing the total to 3,757,045 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 10,587 permanent loan modifications in July,bringing the total to 1,973,186 since the conservatorships began in September 2008.</li><li>The share of modifications with principal forbearanceremained at 20 percent. Modifications with extend-term only accounted for 45 percent of all permanent modifications in July due to improved house prices and a declining HAMP eligible population.</li><li>There were 2,105 short sales and deeds-in-lieu completed inJuly, down 9 percent compared with June.</li></ul><h2>The Enterprises' Mortgage Performance&#58;</h2><ul><li>The serious delinquency rate fell slightly from 1.23 percent atthe end of June to 1.22 percent at the end of July.</li></ul><h2>The Enterprises' Foreclosures&#58;</h2><ul><li>Third-party and foreclosure sales declined 10 percent from7,904 in June to 7,108 in July.</li><li>Foreclosure&#160;starts decreased 6 percent from 18,709 in Juneto 17,517 in July.</li></ul>10/12/2016 6:00:14 PM273http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2015 Low-Income Housing and Community Development Activities of the Federal Home Loan Banks21368<p>​<span style="color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;background-color&#58;#ffffff;">FHFA is required to monitor and report annually on the Federal Home Loan Banks' support of their low-income housing and community development activities to the Federal Home Loan Banks' Advisory Councils.&#160; This report fulfills that requirement.</span></p>10/3/2016 3:02:02 PM428http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Second Quarter 201621343<h2>Second Quarter 2016 Highlights</h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 48,438 foreclosure prevention actions in the second quarter of 2016, bringing the total to 3,741,498 since the start of conservatorships in September 2008. Of these actions, 3,087,014 have helped troubled homeowners stay in their homes including 1,962,599 permanent loan modifications.<br></li><li>The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 47 percent of all loan modifications in the first quarter due to improved house prices and a declining HAMP eligible population.<br></li><li>As of June 30, 2016, approximately 20 percent of loans modified in the second quarter of 2015 had missed two or more payments, one year after modification.<br></li><li>There were 6,837 completed short sales and deeds-in-lieu during the quarter, bringing the total to 654,484 since the conservatorships began in September in 2008.<br></li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The number of 60+ days delinquent loans declined another 6 percent to 434,952 at the end of the second quarter, which remains the lowest level since 2008.<br></li><li>The Enterprises' serious delinquency rate fell to 1.2 percent at the end of the second quarter, which is the lowest level since the start of conservatorships. This compared with 4.4 percent for Federal Housing Administration (FHA) loans, 2.5 percent for Veterans Affairs (VA) loans, and 3.1 percent for all loans (Industry average).<br></li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Foreclosure starts decreased 9 percent to 55,100 while third-party and foreclosure sales fell 6 percent to 23,348 in the second quarter.<br></li></ul><p><em>For an interactive online map that provides state data, click on the following link&#58;&#160;</em><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx" style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;"><em>Fannie Mae and Freddie Mac State Borrower Assistance Map</em></a></p><p><a href="/Media/PublicAffairs/Pages/FHFA-Second-Quarter-Foreclosure-Prevention-Report-Shows-Continuing-Progress-on-Foreclosure-Preventions.aspx">Related News Release</a></p>9/28/2016 3:00:40 PM242http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - July 201621299<p>​The FHFA House Price Index reported a 0.5&#160;percent increase in U.S. house prices in July from the previous month. &#160;From July 2015 to July 2016, house prices were up&#160;5.8&#160;percent. &#160;For the nine census divisions, seasonally adjusted monthly price changes from June 2016 to July 2016 ranged from +0.2 percent in the Middle Atlantic division to +1.0 percent in the East South Central division. &#160;The 12-month changes were all also positive, ranging from +2.6 percent in the Middle Atlantic division to +7.7 percent in the Pacific division.&#160;</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachments.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-5-Percent-in-July-2016.aspx">Related news release</a></p>9/22/2016 1:00:14 PM2170http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - July 201621220<h2 style="font-style&#58;normal;">July 2016&#160;Highlights&#160;</h2><p><span style="line-height&#58;22px;">Total refinance&#160;volume decreased in July 2016&#160;after increasing over the previous three months. &#160;Mortgage rates continued to decrea</span><span style="line-height&#58;22px;">se in July&#58; &#160;the average interest rate on a 30-year fixes rate mortgage fell to 3.44 percent from 3.57 percent in June.&#160;</span></p><p><span style="line-height&#58;22px;">In July 2016&#58;</span></p><ul><li><span style="line-height&#58;22px;">Borrowers completed 5.121 refinances through HARP, bringing the total refinances from the inception of the program to 3,423,975.</span><br></li><li><span style="line-height&#58;22px;">HARP volume represented 3&#160;percent of total refinance volume.</span><br></li><li><span style="line-height&#58;22px;">Five percent of the loans refinances through HARP had a&#160;loan‐to‐value ratio&#160;greater than 125 percent.</span><br></li></ul><span style="line-height&#58;22px;">Year to date through July 2016&#58;&#160;</span><br><span style="line-height&#58;22px;"><ul><li><span style="line-height&#58;22px;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</span><br></li><li><span style="line-height&#58;22px;">Twenty-six percent of HARP refinance for underwater borrowers were for shorter-term 15- and&#160;20‐year mortgages, which build equity faster than traditional 30‐y</span><span style="line-height&#58;22px;">ear mortgages.</span><br></li><li><span style="line-height&#58;22px;">HARP&#160;refinances represented 9 or more percent of total refinances in Florida&#160;and Georgia, more than double the 4&#160;percent of total refinances nationwide over the same period.</span><br></li></ul></span><span style="line-height&#58;22px;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</span><br><span style="line-height&#58;22px;">Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of March 31, 2016.</span><br><p>&#160;</p><ul style="line-height&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;"><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font></ul>9/16/2016 2:00:58 PM330http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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