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Foreclosure Prevention Report - November 201519328<h3>The Enterprises' Foreclosure Prevention Actions&#58; </h3><ul><li>The Enterprises completed 13,891 foreclosure prevention actions in November 2015, bringing the total to 3,626,692 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 8,569 permanent loan modifications in November, bringing the total to 1,888,404 since the start of conservatorships. </li><li>The share of modifications with principal forbearance decreased slightly to 19 percent. Modifications with extend-term only remained at 48 percent of all permanent modifications in November due to improved house prices and a declining HAMP eligible population. </li><li>There were 2,138 short sales and deeds-in-lieu completed in November, down 22 percent compared with October. </li></ul><h3> The Enterprises' Mortgage Performance&#58; </h3><ul><li>The serious delinquency rate remained flat at 1.50 percent at the end of November, the lowest level since the start of conservatorships in September 2008. </li></ul><h3>The Enterprises' Foreclosures&#58; </h3><ul><li> Third-party and foreclosure sales decreased 13 percent from 9,105 in October to 7,940 in November. </li><li>Foreclosure starts increased 18 percent from 18,946 in October to 22,313 in November. </li></ul>2/9/2016 3:06:27 PM165http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - November 201518962<p style="font-style&#58;normal;font-variant&#58;normal;">​The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;November&#160;from the previous month.&#160;&#160;From&#160;November&#160;2014 to November&#160;2015, house prices were up 5.9&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October&#160;2015 to&#160;November&#160;2015 ranged from&#160;-0.4&#160;percent in the West South Central&#160;division to +1.8&#160;percent in the Mountain&#160;division. &#160;The 12-month changes were all positive, ranging from +2.6&#160;percent in the Middle Atlantic division&#160; to +10.0&#160;percent in the Mountain division.​</p><p style="font-style&#58;normal;font-variant&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="font-style&#58;normal;font-variant&#58;normal;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt5-Percent-in-November-2015.aspx">Related News Rel​ease&#160;</a>​</p>1/26/2016 2:00:45 PM1588http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - October 201519472<h2>October 2015 Highlights&#160;</h2><p></p><h2> <strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">The Enterprises' Foreclosure Prevention Actions&#58;</strong></h2><p></p> <font size="6"></font> <ul><li><p>The Enterprises completed 17,121 foreclosure prevention actions in October 2015, bringing the total to 3,612,801 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</p></li><li><p>There were 10,926 permanent loan modifications in October, bringing the total to 1,879,835 since the start of conservatorships. </p></li><li><p>The share of modifications with principal forbearanceincreased slightly to 20 percent. Modifications with extend-term only accounted for 48 percent of modifications in October due to improved house prices and a declining HAMP eligible population. </p></li><li><p>There were 2,744 short sales and deeds-in-lieu completed in October, up slightly compared with September. </p></li></ul><p><strong style="color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">The Enterprises' Mortgage Performance&#58;</strong><br></p><ul><li> <span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">The serious delinquency rate decreased slightly from 1.52&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">percent at the end of September to 1.50 percent at the end of October.</span></li></ul><div> <strong style="color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">The Enterprises' Foreclosures&#58;</strong><br>&#160;</div><div><ul><li> <span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Third-party and foreclosure sales decreased slightly in October</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;"> to 9,105, from 9,143 in September.</span><br></li><li> <span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Foreclosure starts decreased 12 percent in October to 18,946,&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">fr</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">om 21,590 in September.​​</span></li></ul></div>1/13/2016 4:01:00 PM350http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - November 201519475<ul><li>​<font face="Calibri">Total r</font><font face="Calibri">efinance volume rose slightly in November 2015 after a three </font><font face="Calibri">month </font><font face="Calibri">drop in mortgage rates through October. Mortgage rates rose </font><font face="Calibri">in November&#58; the average interest rate on a 30</font><font face="Calibri">‐</font><font face="Calibri">year fixed rate </font><font face="Calibri">mortgage increased to 3.94 percent from 3.80 percent in October.</font></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">In November 2015, 7,446 refinances were completed through HARP, </font><font face="Calibri">bringing total refinances through HARP from the inception of the </font><font face="Calibri">program to 3,374,680.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">HARP volume represented 5 percent of total refinance volume in </font><font face="Calibri">November 2015.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, borrowers with loan</font><font face="Calibri">‐</font><font face="Calibri">to</font><font face="Calibri">‐</font><font face="Calibri">value </font><font face="Calibri">ratios greater than 105 percent accounted for 24 percent of the volume </font><font face="Calibri">of HARP loans.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">In November 2015, 7 percent of the loans refinanced through HARP </font><font face="Calibri">had a loan</font><font face="Calibri">‐</font><font face="Calibri">to</font><font face="Calibri">‐</font><font face="Calibri">value ratio greater than 125 percent.</font></div></li></ul><ul><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, 28 percent of HARP refinances </font><font face="Calibri">for underwater borrowers were for shorter</font><font face="Calibri">‐</font><font face="Calibri">term 15</font><font face="Calibri">‐ </font><font face="Calibri">and 20</font><font face="Calibri">‐</font><font face="Calibri">year </font><font face="Calibri">mortgages, which build equity faster than traditional 30</font><font face="Calibri">‐</font><font face="Calibri">year mortgages.</font></div></li></ul><ul><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Year to date through November 2015, HARP refinances represented 12 </font><font face="Calibri">or more percent of total refinances in Florida and Georgia, more than </font><font face="Calibri">double the 5 percent of total refinances nationwide over the same </font><font face="Calibri">period.</font></div></li></ul><ul><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font><li><div align="LEFT"><font face="Calibri">Borrowers who refinanced through HARP had a lower delinquency </font><font face="Calibri">rate compared to borrowers eligible for HARP who did not refinance </font><font face="Calibri">through the program.</font></div></li></ul>1/13/2016 7:00:56 PM391http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 201514849<p>The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;October from the previous month.&#160;&#160;From&#160;October 2014 to October 2015, house prices were up&#160;6.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;September 2015 to&#160;October 2015 ranged from&#160;-0.5&#160;percent in the&#160;New England&#160;division to +1.2&#160;percent in the&#160;East South Central division.&#160; The 12-month changes were all positive, ranging from +2.9&#160;percent in the&#160;New England&#160;division&#160; to +8.9&#160;percent in the Mountain 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-0pt5-Percent-in-October-2015.aspx">Related News Release</a>&#160;</p>12/22/2015 2:00:34 PM2299http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - October 201514809<h3>October 2015 Highlights </h3> <br><ul><li>Refinance volume increased slightly in October 2015 after a two month drop in mortgage rates through September. Mortgage rates fell in October&#58; the average interest rate on a 30-year fixed rate mortgage dropped to 3.80 percent from 3.89 percent in September. </li><li>In October 2015, 7,755 refinances were completed through HARP, bringing total refinances through HARP from the inception of the program to 3,367,226. </li><li>HARP volume represented 5 percent of total refinance volume in October 2015. </li><li>Year to date through October 2015, borrowers with loan‐to‐value ratios greater than 105 percent accounted for 24 percent of the volume&#160;of HARP loans. </li><li>In October 2015, 8 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li><li>Year to date through October 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>Year to date through October 2015, HARP refinances represented 12 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>12/17/2015 8:00:45 PM384http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Third Quarter 201514794<h2>​​Third Quarter 2015 Highlights</h2><div><strong><br></strong>&#160;</div><div><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></div><div><strong><br></strong>&#160;</div><div><ul><li>The Enterprises completed 54,744 foreclosure prevention actions in the third quarter of 2015, bringing the total to 3,595,680 since the start of conservatorships in September 2008. Of these actions, 2,962,996 have helped troubled homeowners stay in their homes including 1,868,909 permanent loan modifications.<br></li><li>Approximately 30 percent of all permanent loan modifications in the third quarter helped to reduce homeowners' monthly payments by over 30 percent.<br></li><li>The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 47 percent of modifications in the third quarter due to improved house prices and a declining HAMP eligible population.<br></li><li>As of September 30, 2015, approximately 19 percent of loans modified in the third quarter of 2014 had missed two or more payments, one year after modification.<br></li><li>There were 8,721 completed short sales and deeds-in-lieu during the quarter, bringing the total to 632,684 since the start of conservatorships.<br></li></ul></div><div><strong><br></strong>&#160;</div><div><strong>The Enterprises' Mortgage Performance&#58;</strong></div><div><strong><br></strong>&#160;</div><div><ul><li>The number of 60+ days delinquent loans declined 3 percent during the third quarter as the economy improved and house prices continued to increase.<br></li><li>The Enterprises' serious delinquency rate fell to 1.5 percent at the end of the third quarter compared with 5.4 percent for Federal Housing Administration (FHA) loans, 2.9 percent for Veterans Affairs (VA) loans and 3.6 percent for all loans (Industry average).<br></li></ul></div><div><strong><br></strong>&#160;</div><div><strong>The Enterprises' Foreclosures&#58;</strong></div><div><strong><br></strong>&#160;</div><div><ul><li>Third-party sales and foreclosure sales decreased 10 percent to 26,989 while foreclosure starts increased 6 percent to 66,192 in the third quarter.<br></li><li>REO inventory declined 11 percent during the quarter to 77,204, as property dispositions continued to outpace property acquisitions.<br></li></ul></div><div><span style="line-height&#58;1.6;">For an interactive online map that provides state data, click on the following link&#58;&#160;</span><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx" style="line-height&#58;1.6;">Fannie Mae and Freddie Mac State Borrower Assistance Map</a><br></div><p><a href="/Media/PublicAffairs/Pages/Foreclosure-Prevention-Actions-Approaching-3pt6-Million-Through-Third-Quarter-2015.aspx">Related News Release</a>​&#160;</p>12/16/2015 4:30:33 PM702http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 3Q 2015 / September 201519138<p></p><div><div aria-labelledby="ctl00_PlaceHolderMain_ctl03_label" style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;vertical-align&#58;baseline;display&#58;inline;font-stretch&#58;inherit;"><p>U.S. house prices rose<strong>&#160;1.3 percent</strong>&#160;in the third quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the 17th consecutive quarterly price increase in the purchase-only, seasonally adjusted index. FHFA’s seasonally adjusted monthly index for September was up&#160;<strong>0.8 percent</strong>&#160;from August. House prices rose<strong>&#160;5.7 percent </strong>from the third quarter of 2014 to the third 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. New this quarter, <a href="https&#58;//youtu.be/9fsGqQyl_SY">video highlights</a> of the HPI are available online.</p><p><strong style="line-height&#58;1.6;">Significant Findings​</strong><br class="ms-rteStyle-Normal"></p><div><ul><li>Home prices rose in every state (except for West Virginia) and in th​e District of Columbia between the third quarter of 2014 and the third quarter of 2015. The top five areas in annual appreciation&#58; 1) District of Columbia – 15.4 percent, 2) Colorado – 12.7 percent, 3) Nevada – 12.4 percent, 4) Oregon – 10.0 percent, and 5) Florida – 10.0 percent.<br></li><li>Among the 100 most-populated metropolitan areas in the U.S., four-quarter price increases were greatest in North Port-Sarasota-Bradenton, FL, where prices increased by 16.1 percent. Prices were weakest in El Paso, TX, where they fell 3.6 percent.<br></li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the third quarter, posting a 2.4 percent quarterly increase and a 9.0 percent increase since the third quarter of last year. House price appreciation was weakest in the New England division, where prices rose 0.2 percent from the last quarter.<br></li></ul></div><div style="font&#58;inherit;">​&#160;<a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1pt3-Percent-in-Third-Quarter-2015.aspx">Related News Release​</a>​<br> </div></div></div>11/25/2015 2:00:53 PM3514http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Third Quarter 201519132<font face="Calibri"><ul><li><div align="LEFT">Refinance volume decreased in September 2015 as mortgage rates remained at levels above those observed in the first quarter. Mortgage rates fell in September&#58; the average interest rate on a 30 year fixed rate mortgage dropped to 3.89 percent.</div></li><li><div align="LEFT">In the third quarter of 2015, 25,824 refinances were completed through HARP, bringing total refinances through HARP from the inception of the program to 3,359,471. </div></li><li><div align="LEFT">HARP volume represented 5 percent of total refinance volume in the third quarter of 2015. </div></li><li><div align="LEFT">Year to date through September 2015, borrowers with loan‐to‐value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans. </div></li><li><div align="LEFT">In September 2015, 8 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</div></li><li>Year to date through September 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>Year to date through September 2015, HARP refinances represented 12 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.&#160;</li></ul><p><a href="/Media/PublicAffairs/Pages/HARP-Refinances-Dip-in-Third-Quarter-2015.aspx">Related News Release</a></p></font>11/24/2015 6:00:17 PM539http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - August 201518922<h2>​August 2015 Highlights&#160;</h2><h2><strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">The Enterprises' Foreclosure Prevention Actions&#58;</strong></h2><div><ul><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">The Enterprises completed 17,806 foreclosure prevention&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">actions in August 2015, bringing the total to 3,578,227 since the&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">start of the conservatorships in September 2008. Over half of&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">t</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">hese actions have been permanent loan modifications.</span></li><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">There were 11,382 permanent loan modifications in August,&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">bringing the total to 1,857,562 since the start of&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">conservatorships.</span></li><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">The share of modifications with principal forbearance&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">i</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">ncr</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">e</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">ased slightly to 19 percent. Modifications with extend-term&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;line-height&#58;16px;color&#58;#444444;">only accounted for 47 percent of modifications in August due to&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;line-height&#58;16px;color&#58;#444444;">improved house prices and a declining HAMP eligible&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;line-height&#58;16px;color&#58;#444444;">population.</span></li><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">There were 2,892 short sales and deeds-in-lieu completed in&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">August, down 7 percent compared with July.</span><br></li></ul></div><div><strong style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">The Enterprises' Mortgage Performance&#58;</strong><br></div><div><ul><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">The serious delinquency rate decreased slightly from 1.57&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">percent at the end of July to 1.56 percent at the end of August.</span><br></li></ul></div><div><strong style="color&#58;#404040;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">The Enterprises' Foreclosures&#58;</strong><br></div><div><ul><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">Third-party and foreclosure sales decreased 8 percent in&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">August to 8,530, from 9,316 in July.</span><br></li><li><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">Foreclosure starts increased 29 percent in August to 25,121,&#160;</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">fr</span><span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;color&#58;#444444;">om 19,481 in July.​​</span><br></li></ul></div>11/5/2015 7:00:08 PM384http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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