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Refinance Report - February 201517699<h2>February 2015 Highlights</h2><ul><li>Refinance volume increased in February 2015 as mortgage rates fell to 20 month lows in January.</li><li>In February 2015, 10,673 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,291,718.</li><li>HARP volume represented 6 percent of total refinance volume in February 2015.</li><li>Year to date through February 2015, borrowers with loan-to-value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans.</li><li>In February 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 February 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 February 2015, HARP refinances represented 15 percent of total refinances in Florida and Georgia,<br>more than double the 6 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>4/16/2015 5:01:03 PM240http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - January 201517601<h2>January 2015 Highlights</h2><p></p><ul><li>Refinance volume decreased in January 2015. Mortgage rates continued to fall from the highs observed in late 2013. In January the average interest rate on a 30 year fixed rate mortgage reached 3.67 percent.</li><li>In January 2015, 10,591 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,281,045.</li><li>HARP volume represented 7 percent of total refinance volume in January 2015.</li><li>In January 2015, borrowers with loan-to-value ratios greater than 105 percent accounted for 25 percent of the volume of HARP loans.</li><li>In January 2015, 9 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li><li>In January 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>In January 2015, HARP refinances represented 17 percent of total refinances in Florida and 16 percent in Georgia, more than double the 7 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.<br></li></ul>3/25/2015 3:06:21 PM507http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - January 201517594<p>​The FHFA House Price Index (HPI) reported a&#160;0.3 percent&#160;increase in U.S. house prices in&#160;January from the previous month.&#160;&#160;From&#160;January&#160;2014 to January&#160;2015, house prices were up&#160; 5.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;December 2014 to&#160;January&#160;2015 ranged from&#160;-0.4&#160;percent in the&#160;Middle Atlantic and South Atlantic divisions to +2.3&#160;percent in the&#160;East South Central&#160;division.&#160; The 12-month changes were all positive ranging from +1.7&#160;percent in the&#160;Middle Atlantic division to +8.2&#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.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0-3-Percent-in-January-2015.aspx">Related News Release</a></p>3/24/2015 1:01:08 PM2172http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Progress Report on the Implementation of FHFA's Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac17567<p>​This Progress Report details&#160;the initiatives outlined in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and the 2014 Conservatorship Scorecard. &#160;The report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals&#58; <strong>Maintain</strong>, <strong>Reduce</strong>, and <strong>Build</strong>. &#160;&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2014-Strategic-Plan-for-Fannie-and-Freddie-Conservatorships.aspx">Link to Related News Release</a>​</p>3/16/2015 4:00:55 PM540http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - November 201417409<p>​<span style="font-size&#58;10.5pt;font-family&#58;arial, sans-serif;color&#58;#404040;border&#58;1pt none windowtext;padding&#58;0in;background&#58;white;">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>2/10/2015 3:01:54 PM421http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 201517402<p>​<span style="line-height&#58;22px;">The FY 2015&#160;Annual Performance Plan describes what FHFA will do during the year to achieve the goals and objectives described in the Strategic&#160;</span><span style="line-height&#58;22px;">Plan. FHFA’s Annual Performance Plan has four major components&#58; (1) strategic goals, (2) performance goals, (3) performance measures, and (4) means and strategies to accomplish the goals.</span></p>2/9/2015 10:44:46 PM556http://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 PM901http://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 PM1375http://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 PM920http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Second Quarter 201412762<table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;393px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​<a href="/AboutUs/Reports/ReportDocuments/REFI_2014-2Q_2014-08-14.pdf">​<img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/Refinance-Report-Thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;132px;" /></a></td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><h2>​​​Second Quarter 2014 Highlights</h2><ul><li style="margin&#58;0px;padding&#58;0px;"><p> Refinance volume increased slightly in June, but remained at levels more comparable to those observed in 2008 than in subsequent years. Mortgage rates have ranged between four to four and a half percent since June 2013. In June, the average interest rate on a 30 year fixed rate mortgage decreased fr​​om May to 4.16 percent.​<br></p></li><li style="margin&#58;0px;padding&#58;0px;"><p> In the second quarter of 2014, 54,041 refinances were completed through HARP, bringing the total refinances th​​​rough HARP from the inception of the program to 3,188,926.<br></p></li><li style="margin&#58;0px;padding&#58;0px;"><p> HARP volume​​​​ represented 16 percent of total refinance volume in the second quarter of 2014.</p></li><li style="margin&#58;0px;padding&#58;0px;"><p> In June 2014, 9​ percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</p></li><li style="margin&#58;0px;padding&#58;0px;"><p> Year to date through Ju​​ne 2014, borrowers with loan-to-value ratios greater than 105 percent accounted for 29 percent of the volume of HARP loans.</p></li><li style="margin&#58;0px;padding&#58;0px;"><p> Year to date through June 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.​​</p></li><li style="margin&#58;0px;padding&#58;0px;"><p> Year to date through June 2014, HARP refinances represented 37 percent of total refinances in Georgia and 35 perc​​ent in Florida, nearly double the ​18 percent of total refinances nationwide over the same period.</p></li><li style="margin&#58;0px;padding&#58;0px;"><p> Borro​​wers who refina​nced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.​​</p></li></ul></td></tr></tbody></table><p> <a href="/Media/PublicAffairs/Pages/Refinances-Tick-Up-in-June.aspx">Report News Release&#58;<em> &quot;Refinances Tick Up in June&quot;</em></a><a href="/Media/PublicAffairs/Pages/Refinances-Tick-Up-in-June.aspx" style="line-height&#58;22px;font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;">​</a><span style="line-height&#58;22px;">​ (8/20/2014)</span></p>8/28/2014 7:04:27 PM1183http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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