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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 PM130http://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 PM99http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - July 201415295<p style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;text-indent&#58;0px;margin&#58;0px 0px 10px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/22px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#404040 !important;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><strong style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;700 !important;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;list-style-type&#58;disc;text-indent&#58;0px;margin&#58;0px 0px 0px 20px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/14px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#444444;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">Approximately 27,200 foreclosure prevention actions were completed in July, bringing the total to 3.3 million since the start of the conservatorships in September 2008.&#160;Half of these actions have been permanent loan modifications.</li><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">There were more than&#160;17,500 permanent loan modifications in July, up&#160;18 percent compared with June.</li><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">Approximately 22 percent of all permanent loan modifications in July included principal forbearance.</li><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">More than 4,600 short sales and deeds-in-lieu were completed in July, down 2 percent compared with June.</li></ul><p style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;text-indent&#58;0px;margin&#58;0px 0px 10px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/22px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#404040 !important;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><strong style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;700 !important;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">The Enterprises' Mortgage Performance&#58;</strong></p><ul style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;list-style-type&#58;disc;text-indent&#58;0px;margin&#58;0px 0px 0px 20px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/14px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#444444;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">The serious delinquency rate fell to 2.01 percent at the end of July, from 2.06 percent in June.</li></ul><p style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;text-indent&#58;0px;margin&#58;0px 0px 10px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/22px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#404040 !important;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><strong style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;700 !important;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">The Enterprises' Foreclosures&#58;</strong></p><ul style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;0px;text-transform&#58;none;background-color&#58;#ffffff;list-style-type&#58;disc;text-indent&#58;0px;margin&#58;0px 0px 0px 20px;padding-left&#58;0px;padding-right&#58;0px;font&#58;14px/14px &quot;source sans pro&quot;, sans-serif;white-space&#58;normal;letter-spacing&#58;normal;color&#58;#444444;vertical-align&#58;baseline;border-top&#58;0px;border-right&#58;0px;word-spacing&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;"><li style="border-bottom&#58;0px;border-left&#58;0px;padding-bottom&#58;10px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;font-family&#58;inherit;vertical-align&#58;baseline;border-top&#58;0px;font-weight&#58;400;border-right&#58;0px;padding-top&#58;0px;font-stretch&#58;inherit;">Third-party and foreclosure sales increased slightly to approximately 13,800, while foreclosure starts decreased 9 percent to 26,100 in July.</li></ul><p>​</p>10/15/2014 2:31:56 PM168http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly Performance Report of the Housing GSEs - Second Quarter 201415258The Enterprises <p style="font-variant&#58;normal;font-style&#58;normal;"><em>(Freddie Mac and Fannie Mae)</em></p><ul><li><span style="line-height&#58;22px;">Combined second quarter net income of $5.0 billion compared to $9.3 billion in the first quarter of 2014</span><br></li><li><span style="line-height&#58;22px;">Continued improvement in national home prices contributed to releases of loan loss reserves at both Enterprises</span><br></li><li><span style="line-height&#58;22px;">Net income declined at both Enterprises mainly driven by lower income from&#160;private-label mortgage-related (PLS) securities settlements</span><br></li><li><p><span style="line-height&#58;22px;">Combined loan loss reserves decreased $4.5 billion during the quarter</span></p><span></span></li><li><span style="line-height&#58;22px;">Enterprise MBS issuance share continued to decline in the&#160;second quarter of 2014</span></li></ul><p>&#160;</p><p>The Federal Home Loan Bank Syste​m</p><ul><li><span style="line-height&#58;22px;">​Aggregate second quarter 2014&#160;income of $527 million&#160;</span><span style="line-height&#58;22px;">compared to $567 million in the first quarter of 2014 and $691 million in the last quarter of 2013</span><br></li><li><span style="line-height&#58;22px;">Aggregate advances increased by 11 percent over the quarter to $537 billion</span><br></li><li><span style="line-height&#58;22px;">Advances increased to 62 percent of&#160;assets</span><br></li><li><span style="line-height&#58;22px;">Retained earnings increased to $12.6 billion</span>​</li></ul>10/10/2014 6:13:30 PM395http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2013 Low-Income Housing and Community Development Activities of the Federal Home Loan Banks15224<p>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. This report fulfills that requirement.​</p>10/7/2014 5:00:59 PM513http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Second Quarter 201415001<h1>SECOND&#160;QUARTER 2014 HIGHLIGHTS</h1><div>​</div><p><strong>The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul><li>Approximately 79,800 foreclosure prevention actions were completed during the second quarter, bringing the total to nearly<br>3.3 million since the start of conservatorships in September 2008.&#160;About 2.7 million of these actions have helped troubled homeowners stay in their homes including nearly 1.7 million permanent loan modifications.</li><li>Approximately 37 percent of all permanent loan modifications in the second quarter helped to reduce homeowners' monthly<br>payments by over 30 percent.</li><li>About a quarter of borrowers who received permanent loan modifications during the quarter had portions of their mortgage<br>balance forborne.</li><li>As of June 30, 2014, about 13 percent of loans modified in the second quarter of 2013 had missed two or more payments, one year after modification.</li><li>Approximately 14,500 short sales and deeds-in-lieu were completed during the quarter, bringing the total to about 581,400<br>since the start of conservatorships.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58; </strong></p><ul><li>The number of 60+ days delinquent loans declined 5 percent to&#160;the lowest level since the start of conservatorships.</li><li>The serious delinquency rate fell to 2.1 percent at the end of the quarter compared with 6.2 percent for Federal Housing<br>Administration (FHA) loans, 3.4 percent for Veterans Affairs (VA) loans and 4.8 percent for all loans (Industry average).</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Third-party sales and foreclosure sales fell 10 percent to 42,800 while foreclosure starts increased slightly to more than 85,500 in the second quarter.</li><li>REO inventory declined 10 percent during the quarter to approximately 131,500, as property dispositions outpaced property<br>acquisitions.</li></ul><p>&#160;</p><a href="/Media/PublicAffairs/Pages/Foreclosure-Preventions-Total-Nearly-3-3-Million;-Delinquencies-Down-In-Second-Quarter.aspx">Related News Release</a> <div>&#160;​</div>9/24/2014 6:40:42 PM299http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - June 201415002<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>9/24/2014 6:40:58 PM171http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - July 201414987<p>The FHFA House Price Index (HPI) reported a 0.1 percent&#160;increase in U.S. house prices in&#160;July from the previous month.&#160;&#160;From&#160;July 2013 to July 2014, house prices were up&#160;4.4 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;June 2014 to&#160;July 2014 ranged from -0.5 percent in the&#160;Middle Atlantic&#160;division to +0.4 percent in the&#160;East North Central division.&#160; The 12-month changes were all positive ranging from +1.6 percent in the Middle Atlantic division to +7.2 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;&#160;​</p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Rises-in-July.aspx">Related News Release</a>9/23/2014 1:00:48 PM2069http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - July 201414992<h2>​July 2014 Highlights </h2><p>&#160;</p><ul><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">Refinance volume in July was similar to the volume in June and comparable to levels in 2008. Mortgage rates have ranged<br>between four and four and a half percent since June 2013. In July, the average interest rate on a 30 year fixed rate mortgage decreased from June to 4.13 percent.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">In July 2014, 15,671 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,204,597.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">HARP volume represented 13 percent of total refinance volume in July 2014.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">In July 2014, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">Year to date through July 2014, borrowers with loan-to-value ratios greater than 105 percent accounted for 28 percent of the volume of HARP loans.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">Year to date through July 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><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">Year to date through July 2014, HARP refinances represented 36 percent of total refinances in Georgia and 35 percent in Florida, nearly double the 18 percent of total refinances nationwide over the same period.</li><p>&#160; </p><li style="padding-bottom&#58;0px;margin&#58;0px;padding-left&#58;0px;padding-right&#58;0px;padding-top&#58;0px;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</li><p>&#160;<br></p></ul>9/23/2014 3:00:40 PM497http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2Q 2014 / June 201412777<p> <strong></strong>&#160;</p><table class="ms-rteTable-0" cellspacing="0" style="width&#58;100%;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​<a href="/AboutUs/Reports/ReportDocuments/Q2-HPI-June-2014.pdf"><img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/US-HPI-Report-Thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;131px;" />​</a></td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><h2>Significant Findings</h2><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-variant&#58;normal;"><li><p>The seasonally adjusted, purchase-only HPI rose in 40 states during the second quarter of 2014, down from 42 states and the District of Columbia during the first quarter of 2014. The top annual appreciation was in&#58; 1) Nevada, 2) California, 3) District of Columbia, 4) North Dakota, and 5) Arizona.</p></li><li><p>Of the nine census divisions, the Pacific division experienced the strongest increase in the second quarter, posting a 1.3 percent quarterly increase and a 9.8 percent increase since last year. House prices were weakest in the East South Central division, where prices decreased 0.1 percent from the prior quarter. </p></li><li><p>As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., second quarter price increases were greatest in the Winston-Salem, NC Metropolitan Statistical Area (MSA) where prices increased by 4.6 percent. Prices were weakest in the Birmingham-Hoover, AL MSA, where they fell 4.9 percent. Positive quarterly appreciation was recorded in 74 of the 100 MSAs.</p></li><li><p>The monthly seasonally adjusted, purchase-only index for the U.S. has increased for seven consecutive months and 23 of the last 24 months (it decreased in November 2013). </p></li><li><p>The Pacific and Mountain census divisions—the two divisions that saw the greatest price increases last quarter—continued to decelerate.</p></li></ul><p> <a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Shows-Gains-for-Twelve-Consecutive-Quarters.aspx">Related News Release</a></p></td></tr></tbody></table>8/26/2014 1:00:16 PM5044http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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