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U.S. House Price Index Report - November 201417274<p>​The FHFA House Price Index (HPI) reported a&#160;0.8&#160;percent&#160;increase in U.S. house prices in&#160;November from the previous month.&#160;&#160;From&#160;November 2013 to November 2014, house prices were up&#160; 5.3&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October 2014 to&#160;November 2014 ranged from&#160;-0.9&#160;percent in the&#160;New England&#160;division to +1.8&#160;percent in the&#160;East South Central&#160;division.&#160; The 12-month changes were all positive ranging from +1.6&#160;percent in the&#160;New England&#160;division to +7.5&#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.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-8-Percent-in-November-2014.aspx">Related News Release</a></p>1/22/2015 2:00:57 PM887http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - October 201417229<p 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;padding&#58;0px;color&#58;#404040 !important;background-color&#58;#ffffff;"><span style="border&#58;0px;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosure Prevention Actions&#58;</span></p><ul style="border&#58;0px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-stretch&#58;inherit;line-height&#58;14px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Approximately&#160;23,400&#160;foreclosure prevention actions were completed in October,&#160;bringing the total to nearly 3.4&#160;million since the start of the conservatorships in September 2008.&#160;Half of these actions have been permanent loan modifications.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">There were nearly&#160;14,700 permanent loan modifications in October, up&#160;9&#160;percent compared with September.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Approximately 21&#160;percent of all permanent loan modifications in October&#160;included principal forbearance.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">More than 3,800 short sales and deeds-in-lieu were completed in October, down 5&#160;percent compared with September.</li></ul><p 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;padding&#58;0px;color&#58;#404040 !important;background-color&#58;#ffffff;"><span style="border&#58;0px;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Mortgage Performance&#58;</span></p><p 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;padding&#58;0px;color&#58;#404040 !important;background-color&#58;#ffffff;"></p><ul style="border&#58;0px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-stretch&#58;inherit;line-height&#58;14px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;1.6;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">The serious delinquency rate dropped&#160;to 1.92&#160;percent in October, the lowest level since December 2008.</span><br></li></ul><p 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;padding&#58;0px;color&#58;#404040 !important;background-color&#58;#ffffff;"></p><p 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;padding&#58;0px;color&#58;#404040 !important;background-color&#58;#ffffff;"><span style="border&#58;0px;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">​The Enterprises' Foreclosures&#58;</span></p><ul style="border&#58;0px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-stretch&#58;inherit;line-height&#58;14px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Third-party and foreclosure sales increased&#160;12&#160;percent to&#160;approximately 14,200, while foreclosure starts increased slightly to&#160;nearly 27,300 in October.</li></ul>1/20/2015 6:14:48 PM178http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - October 201417230<p>​<span style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;background-color&#58;#ffffff;">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>1/20/2015 6:14:59 PM167http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - November 201417210<h3> <strong>November 2014 Highlights</strong></h3><div> <br> &#160;</div><div><ul><li><span style="line-height&#58;1.6;">Refinance volume decreased slightly in November, continuing a trend of minor increases and decreases throughout the year. Mortgage rates have fallen from the highs observed in late 2013. In November the average interest rate on a 30 year fixed rate mortgage reached 4.0 percent.</span><br></li><li><span style="line-height&#58;1.6;">In November 2014, 12,492 refinances were completed through HARP, bringing the total refinances through HARP from the&#160;</span><span style="line-height&#58;1.6;">inception of the program to 3,259,291.</span><span style="line-height&#58;1.6;">​</span></li><li><span style="line-height&#58;1.6;">HARP volume represented 9 percent of total refinance volume in November 2014.</span><br></li><li><span style="line-height&#58;1.6;">In November 2014, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</span><br></li><li><span style="line-height&#58;1.6;">Year to date through November 2014, borrowers with loan-to-value ratios greater than 105 percent accounted for 28 percent of&#160;</span><span style="line-height&#58;1.6;">the volume of HARP loans.</span></li><li><span style="line-height&#58;1.6;">Year to date through November 2014, 25 percent of HARP refinances for underwater borrowers were for shorter-term 15- and&#160;</span><span style="line-height&#58;1.6;">20-year mortgages, which build equity faster than traditional 30-year mortgages.</span></li><li><span style="line-height&#58;1.6;">Year to date through November 2014, HARP refinances represented 30 percent of total refinances in Georgia and 29&#160;</span><span style="line-height&#58;1.6;">percent in Florida, nearly double the 15 percent of total refinances nationwide over the same period.</span></li><li><span style="line-height&#58;1.6;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did&#160;</span><span style="line-height&#58;1.6;">not refinance through the program.</span></li></ul></div><div> <br> &#160;</div>1/16/2015 6:00:34 PM495http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly Performance Report of the Housing GSEs - Third Quarter 201416702<h3 class="ms-rteElement-H3B">​​The Enterprises</h3><p style="font-style&#58;normal;font-variant&#58;normal;"><em>(Freddie Mac and Fannie Mae)</em></p><p></p><ul><li><span style="line-height&#58;1.6;">Third </span><span style="line-height&#58;1.6;">quarter net income of $6.0</span><span style="line-height&#58;1.6;">&#160;billion compared to $</span><span style="line-height&#58;1.6;">5.0</span><span style="line-height&#58;1.6;">&#160;billion in the second&#160;quarter of 2014</span><br></li><li><span style="line-height&#58;1.6;">Proceeds from private-label mortgage-related securities (PLS) settlements totaled $1.7 billion in the third quarter</span><br></li><li><span style="line-height&#58;1.6;">Loan los</span><span style="line-height&#58;1.6;">s reserves decreased $2.5 billion during the quarter, mostly due to continued improvement in national home prices</span><br></li><li><span style="line-height&#58;1.6;">Enterprise MBS issuance share increased in the third quarter of 2014</span><br></li></ul><p></p><h3>The Federal Home Loan Bank Syste​m</h3><ul><li><span style="line-height&#58;22px;">​Aggregate third quarter 2014 income of $638 million compared to $527 million in the second quarter of 2014 and $549 million in the third quarter of&#160;</span><span style="line-height&#58;22px;">2013</span><br></li><li><span style="line-height&#58;22px;">Aggregate advances in</span><span style="line-height&#58;22px;">creased by 1.5 percent over the quarter to $544.6 billion</span><br></li><li><span style="line-height&#58;22px;">Advances remained at 62</span><span style="line-height&#58;22px;">&#160;percen</span><span style="line-height&#58;22px;">t of assets</span><br></li><li><span style="line-height&#58;22px;">Aggregate re</span><span style="line-height&#58;22px;">tained earnings increased to $13.0&#160;billion</span><br></li></ul>12/31/2014 4:17:11 PM893http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - October 201416543<p>​The FHFA House Price Index (HPI) reported a&#160;0.6&#160;percent&#160;increase in U.S. house prices in&#160;October from the previous month.&#160;&#160;From&#160;October 2013 to October 2014, house prices were up&#160;4.5&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;September 2014 to&#160;October 2014 ranged from&#160;-0.3&#160;percent in the&#160;Pacific&#160;division to +1.5&#160;percent in the&#160;South Atlantic&#160;division.&#160; The 12-month changes were all positive ranging from +0.8&#160;percent in the&#160;Middle Atlantic&#160;division to +6.0&#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.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-6-Percent-in-October.aspx">Related News Release</a>​</p>12/23/2014 2:00:18 PM2779http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - September 201416476<p>​​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.​</p>12/22/2014 4:00:58 PM217http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Third Quarter 201416477<h2>​Third Quarter 2014 Highlights</h2><p>​​<br></p><h4>The Enterprises' Foreclosure Prevention Actions&#58;</h4><div><ul><li>Approximately 72,700 foreclosure prevention actions were&#160;completed during the third quarter, bringing the total to more than 3.3 million since the start of conservatorships in September 2008.<br></li><li>Nearly 2.8 million of these actions have helped troubled&#160;homeowners stay in their homes including 1.7 million permanent&#160;loan modifications.<br></li><li>Approximately 34 percent of all permanent loan modifications in the third quarter helped to reduce homeowners'&#160;monthly&#160;payments&#160;by over 30 percent.<br></li><li>About 22 percent of borrowers who received permanent loan&#160;modifications during the quarter had portions of their mortgage balance forborne.<br></li><li>As of September 30, 2014, about 15 percent of loans modified in&#160;the third quarter of 2013 had missed two or more payments,&#160;one year after modification.<br></li><li>Nearly 12,900 short sales and deeds-in-lieu were completed&#160;during the quarter, bringing the total to approximately 594,200&#160;since the start of conservatorships.<br></li></ul></div><h4><br></h4><h4>The Enterprises' Foreclosures&#58;</h4><p></p><div><ul><li>Third-party sales and foreclosure sales fell 9 percent to nearly 39,100 while foreclosure starts dropped 13 percent to approximately 74,600 in the third quarter.<br></li><li>REO inventory declined 9 percent during the quarter to nearly 120,100, as property dispositions continued to outpace property acquisitions.​<br>​</li></ul></div><h4>The Enterprises' Mortgage Performance&#58;​</h4><ul><li>The number of 60+ days delinquent loans declined 3 percent during the quarter to the lowest level since the start of&#160;conservatorships.<br></li><li>The serious delinquency rate fell to 2.0 percent at the end of the quarter compared with 6.2 percent for Federal Housing Administration (FHA) loans, 3.4 percent for Veterans Affairs (VA)loans and 4.7 percent for all loans (Industry average).</li></ul><p>​<br><a href="/Media/PublicAffairs/Pages/Foreclosure-Prevention-Actions-Top-3-3-Million-Through-Third-Quarter.aspx">Related News Release</a></p>12/22/2014 4:00:59 PM478http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - October 201416439<p><span class="ms-rteFontSize-3">​October 2014 Highlights</span></p><ul><li><span style="line-height&#58;22px;">Refinance volume rose in October, continuing a trend of minor increases. Mortgage rates have fallen from the highs observed in late 2013. In October the average interest rate on a 30 year fixed rate mortgage reached 4.04 percent.</span><br></li><li><span style="line-height&#58;22px;">In October 2014, 13,745 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,246,806.</span><br></li><li><span style="line-height&#58;22px;">HARP volume represented 10 percent of total refinance volume in October 2014.</span><br></li><li><span style="line-height&#58;22px;">In October 2014, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</span><br></li><li><span style="line-height&#58;22px;">Year to date through October 2014, borrowers with loan-to-value ratios greater than 105 pepercent accounted for 28 percent of the volume of HARP loans.</span><br></li><li><span style="line-height&#58;22px;">Year to date through October 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.</span><br></li><li><span style="line-height&#58;22px;">Year to date through October 2014, HARP refinances represented 31 percent of total refinances in Georgia and 30 percent in Florida, double the 15 percent of total refinances nationwide over the same period.</span><br></li><li><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></li></ul>1/15/2015 3:31:48 PM406http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Third Quarter 2014 15992<h2>​Third Quarter 2014 Highlights</h2><p>&#160;</p><ul><li>Refinance volume in September continued a trend of minor increases over the last four months but remained comparable to<br>levels in 2008. Mortgage rates have ranged between four and four and a half percent since June 2013. In September, the average interest rate on a 30 year fixed rate mortgage increased from August to 4.16 percent.</li><li>In the third quarter of 2014, 44,136 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,233,061.</li><li>HARP volume represented 11 percent of total refinance volume in the third quarter of 2014.</li><li>In the third quarter of 2014, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li><li>Year to date through September 2014, borrowers with loan-to-value ratios greater than 105 percent accounted for 28 percent of the volume of HARP loans.</li><li>Year to date through September 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 September 2014, HARP refinances represented 33 percent of total refinances in Georgia and 31 percent in Florida, nearly double the 16 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><p><a href="/Media/PublicAffairs/Pages/HARP-Refinances-Top-3-2-Million.aspx">Related News Release </a></p>12/12/2014 3:36:31 PM732http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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