This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2015 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2016 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
HARP - the Home Affordable Refinance Program was created by FHFA specifically to help homeowners current on their mortgage payments, but underwater on their mortgages.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector.
Meet the experts...
Key Topics pages provide information about FHFA's work on a range of issues facing the nation and highlight the most relevant related news releases, reports, statements and web pages on the respective topics.
The Honorable Melvin L. Watt of Charlotte, NC sworn in on January 6th to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the total volume of mortgage refinances increased slightly in June as mortgage rates decreased from May, according to FHFA's
Second Quarter 2014
Refinance Report. Total refinance volume for the second quarter topped 344,000, while refinances through the Home Affordable Refinance Program (HARP) exceeded 54,000.
Since 2009, more than 19.5 million mortgage refinances have been completed through Fannie Mae and Freddie Mac, including more than 3.1 million through HARP. FHFA estimates that as of first quarter 2014, there are roughly 810,069 borrowers who are still eligible and have a financial incentive to refinance their homes through HARP. Nationwide, these borrowers could save an average of almost $2,300 per year on their mortgage. In an effort to reach these borrowers, FHFA recently held town-hall style events in Chicago and Atlanta with local community and civic leaders, who are sharing information about HARP with homeowners. FHFA is planning future HARP outreach events for Detroit and Miami. See the
U.S. map of HARP-eligible borrowers by metro area.
Also in the second quarter 2014 report:
HARP volume represented 16 percent of total refinance volume in the second quarter of 2014.
More than 25 percent of all HARP refinances for underwater borrowers (those with a loan-to-value ratio greater than 105 percent) were for 15- and 20-year mortgages through the second quarter.
Year-to-date through June 2014, HARP continued to account for a substantial portion of refinance volume in certain states. HARP refinances represented 37 percent of total refinances in Georgia and 35 percent of total refinances in Florida, nearly double the 18 percent of total refinances nationwide over the same period.
Link to Refinance ReportLink to HARP.gov
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions.
Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
© 2016 Federal Housing Finance Agency