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Refinance Report - October 201416439<p><span class="ms-rteFontSize-3">October 2014 Highlights</span></p><p>● 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.<br>● 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.<br>● HARP volume represented 10 percent of total refinance volume in October 2014.<br>● In October 2014, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.<br>● 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.<br>● 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.<br>● 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.<br>● Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</p>12/18/2014 7:30:29 PMhttp://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 PM524http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 3Q 2014 / September 201415934<p>​<span style="text-decoration&#58;underline;"><strong>Significant Findings&#58;</strong></span></p><ul><li>The seasonally adjusted, purchase-only HPI rose in 40 states during the third quarter of 2014.&#160; The top five states in annual appreciation&#58; 1) Nevada 2) Hawaii&#160;3) California 4) North Dakota 5) Florida.</li><li>Of the nine census divisions, the West South Central division experienced the strongest increase in the third quarter, posting a 1.8 percent increase and a 5.8 percent increase since last year. &#160;House prices were weakest in the Middle Atlantic division, where prices increased 0.1 percent from the prior quarter.</li><li>As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., third quarter price increases were greatest in the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area (MSA) where prices increased by 6.6 percent.&#160; Prices were weakest in the Greensboro-High Point, NC MSA, where they fell 4.4 percent. </li><li>Eleven of the 20 metropolitan areas with the highest annual appreciation rates were in California.</li><li>The monthly seasonally adjusted purchase-only index for the U.S. showed no change between August and September.&#160; The last time prices did not change on a month-over-month basis was in November 2013.</li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Rises-for-13th-Consecutive-Quarter.aspx">Related News Release </a></p>11/25/2014 2:37:59 PM3936http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 201315874<p>​The Housing and Economic Recovery Act of 2008 &#160;requires that FHFA submit annual reports to Congress on the guarantee fees charged by the Enterprises. &#160; The Act requires an analysis of fees by product type, risk class, and the volume of a lender’s business. &#160;The report must also analyze the costs of providing the guarantee and provide a comparison to the prior year. &#160;FHFA issued the first report in 2009.</p><p>Among the major findings of this report covering guarantee fees charged in 2013 are&#58;</p><ul><li><span style="line-height&#58;1.6;">Overall guarantee fees have increased gradually since 2009. &#160;From 2009 to 2013, fees increased from 22 basis points to 51 basis points. &#160;From 2012 to 2013, fees increased from 36 basis points to 51 basis points.</span><br></li><li><span style="line-height&#58;1.6;">The difference in gaps between 15- and 30-year fixed-rate loans has been substantially reduced.&#160;</span><br></li><li><span style="line-height&#58;1.6;">Pricing differences between small sellers and large sellers have been substantially reduced, while the percentage of loans that the </span><span style="line-height&#58;1.6;">Enterprises purchase from small lenders has substantially grown. </span><span style="line-height&#58;1.6;">&#160;</span><br></li></ul><p>FHFA published a Request for Input &#160;in June 2014 seeking public input on a number of questions related to guarantee fee policy and implementation. &#160;The input period ended on September 8, 2014, and FHFA is currently in the process of reviewing the comments, which can be reviewed on our website at <a href="/AboutUs/Contact/Pages/input-submissions.aspx">https&#58;//www.fhfa.gov/AboutUs/Contact/Pages/input-submissions.aspx​</a>.​</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Annual-Guarantee-Fee-Report-Tracks-Adjustments-from-2009-to-2013.aspx">Related News Release</a></p>11/20/2014 6:00:47 PM1045http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - August 201415716<p>​<span style="font-stretch&#58;normal;font-size&#58;14px;line-height&#58;22px;font-family&#58;'source sans pro', sans-serif;color&#58;#404040;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>11/10/2014 5:43:39 PM214http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - August 201415717<p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>Nearly 23,400&#160;foreclosure prevention actions were completed in August, bringing the total to more than&#160;3.3 million since the start of the conservatorships in September 2008.&#160;Half of these actions have been permanent loan modifications.</li><li>There were more than&#160;14,700 permanent loan modifications in August, down&#160;16&#160;percent compared with July.</li><li>Approximately 23&#160;percent of all permanent loan modifications in August&#160;included principal forbearance.</li><li>More than 4,200 short sales and deeds-in-lieu were completed in August, down 8&#160;percent compared with July.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><p></p><ul><li><span style="line-height&#58;1.6;">The serious delinquency rate fell to 1.99&#160;percent in August, the lowest level since December 2008.</span><br></li></ul><p></p><p><strong>​The Enterprises' Foreclosures&#58;</strong></p><ul><li>Third-party and foreclosure sales decreased 9 percent to&#160;approximately 12,500, while foreclosure starts declined 18&#160;percent to nearly 21,500 in August.</li></ul>11/10/2014 5:43:39 PM216http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Report on Collateral Pledged to Federal Home Loan Banks - November 201415785<p>​This report provides data on the levels of collateral pledged to the FHLBanks securing advances and other products offered by FHLBanks to their members and housing associates. The report includes data on the adjusted minimal level of collateral pledged to secure advances and the total collateral pledged by members and housing associates.</p>11/14/2014 3:19:43 PM447http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - August 201415432<div aria-labelledby="ctl00_PlaceHolderMain_ctl03_label" style="display&#58;inline;"><p>The FHFA House Price Index (HPI) reported a 0.5&#160;percent&#160;increase in U.S. house prices in&#160;August&#160;from the previous month.&#160;&#160;From&#160;August&#160;2013 to August&#160;2014, house prices were up&#160;4.8&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;July&#160;2014 to&#160;August&#160;2014 ranged from -0.6&#160;percent in the&#160;New England and &#160;South&#160;Atlantic&#160;divisions to +1.2&#160;percent in the Mountain&#160;division.&#160; The 12-month changes were all positive ranging from +1.9&#160;percent in the Middle Atlantic division to +7.8&#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-0-5-Percent-in-August-2014.aspx">Related News Release</a>​</p></div>10/23/2014 1:00:45 PM2811http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - August 201415393<h2>August 2014 Highlights</h2><p>&#160;</p><p>● Refinance volume in August was similar to the volume in July and comparable to levels in 2008. Mortgage rates have ranged between four and four and a half percent since June 2013. In August, the average interest rate on a 30 year fixed rate mortgage decreased from July to 4.12 percent.<br>● In August 2014, 14,066 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,218,662.<br>● HARP volume represented 11 percent of total refinance volume in August 2014.<br>● In August 2014, 10 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.<br>● Year to date through August 2014, borrowers with loan-to-value ratios greater than 105 percent accounted for 28 percent of the volume of HARP loans.<br>● Year to date through August 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.<br>● Year to date through August 2014, HARP refinances represented 34 percent of total refinances in Georgia and 32 percent in Florida, nearly double the 17 percent of total refinances nationwide over the same period.<br>● Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.​</p>10/21/2014 5:56:39 PM591http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - July 201415294<p><span style="text-transform&#58;none;background-color&#58;#ffffff;text-indent&#58;0px;display&#58;inline !important;font&#58;14px/22px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;float&#58;none;letter-spacing&#58;normal;color&#58;#404040;word-spacing&#58;0px;">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>10/15/2014 2:31:45 PM276http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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