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U.S. House Price Index Report - 3Q 2016 / September21843<p>U.S. house prices rose 1.5 percent in the third quarter of 2016 according to&#160;the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose&#160;6.1 percent from the third quarter of 2015 to the third quarter of 2016. FHFA’s seasonally&#160;adjusted monthly index for September was up 0.6 percent from August. The HPI is calculated&#160;using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and&#160;Freddie Mac. FHFA has produced a video of highlights for this quarter.</p><p>While the HPI rose 6.1 percent from the third quarter of 2015 to the third quarter of 2016, prices of&#160;other goods and services were nearly unchanged. The inflation-adjusted price of homes rose&#160;approximately 6.0 percent over the last year.</p><div><br></div><div><strong>Significant Findings</strong></div><div><strong><br></strong></div><div><ul><li>Home prices rose in 49 states between the third quarter of 2015 and the third quarter of&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">2016. Delaware and the District of Columbia were the only areas not to see price&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">increases. The top five states in annual appreciation were&#58; 1) Florida 10.7 percent; 2)&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Oregon 10.4 percent; 3) Washington 10.4 percent; 4) Colorado 10.0 percent; and 5)&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">Utah 9.5 percent.</span><br></li><li>Among the 100 most populated metropolitan areas in the U.S., annual price increases&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">were greatest in the Tacoma-Lakewood, WA (MSAD), where prices increased by&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">12.9 percent. Prices were weakest in New Haven-Milford, CT, where they fell&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">1.7 percent.</span><br></li><li>Of the nine census divisions, the South Atlantic division experienced the strongest&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">increase in the third quarter, posting a 1.8 percent quarterly increase and a&#160;</span><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">7.1 percent increase since the third quarter of last year. House price appreciation was&#160;</span>weakest in the New England division, where prices rose 0.8 percent from the last&#160;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">quarter.</span></li></ul></div><p><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Rise-1pt5-Percent-in-Third-Quarter-2016.aspx">​Related News Release</a></p><p>&#160;</p>11/23/2016 2:00:26 PM1448http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Third Quarter 201621753<h3>​Third Quarter 2016 Highlights</h3><p>&#160;</p><p>Total refinance volume increased in September 2016 as mortgage rates in August hovered at lows last observed in 2013. Mortgage rates increased in September&#58; the average interest rate on a 30‐year fixed rate mortgage was 3.46 percent.<br></p><p>In the third quarter of 2016&#58;</p><ul><li><font face="Calibri">Borrowers completed 15,597 refinances through HARP, bringing total refinances from the inception of the program to 3,434,451.</font></li><li>HARP volume represented 2 percent of total refinance volume.</li><li>Six percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent. </li></ul><p>Year to date through September 2016&#58; </p><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 21 percent of the volume fo HARP loans.</li><li>Twenty-six 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>Harp refinances represented 8 or more percent of total refinances in Florida and Georgia, more than double the 3 percent of total refinances nationwide over the same period. </li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2016. </p><p><a href="/Media/PublicAffairs/Pages/HARP-Refinances-Continue-Decline-in-Third-Quarter.aspx">Related News Release</a></p>11/17/2016 4:04:23 PM175http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Performance and Accountability Report - 201621645<table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;108px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;"> <img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/2016-FHFA-PAR.jpg" alt="" style="margin&#58;5px;width&#58;100px;height&#58;130px;box-shadow&#58;#808080 2px 2px 2px;" /> </td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><p>​<span style="line-height&#58;22px;font-style&#58;normal;">This report details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2016.</span><br>&#160;</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-Releases-2016-Performance-and-Accountability-Report.aspx" target="_blank">Related News Release</a></p></td></tr></tbody></table>11/16/2016 3:43:54 PM991http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - August 201621504<p>​The FHFA House Price Index (HPI) reported a 0.7 percent increase in August from the previous month.&#160; From August 2015 to August 2016, house prices were up 6.4 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from July 2016 to August 2016 ranged from no change in the West North Central division to +1.2 percent in the New England division.&#160; The 12-month changes were all positive, ranging from +3.3 percent in the Middle Atlantic division to +7.9 percent&#160;in&#160;the Pacific division.&#160; </p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment. </p>10/25/2016 1:01:01 PM1888http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - August 201621465<h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;text-transform&#58;none;line-height&#58;1.4;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;lato, sans-serif;font-size&#58;22px;font-style&#58;normal;font-weight&#58;900;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">August 2016&#160;Highlights&#160;</h2><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;"></span>&#160;</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Total refinance&#160;volume increased in August 2016&#160;as rates fell over the previous five months.&#160; Mortgage rates remained unchanged in August&#58;&#160; the&#160;</span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">average interest rate on a 30-year fixes rate mortgage was 3.44 percent.</span></p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">In August 2016&#58;</span></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;inherit;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers completed 5,272 refinances through HARP, bringing total refinances from the inception of the program to 3,429,247.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP volume represented 3&#160;percent of total refinance volume.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Six percent of the loans refinances through HARP had a&#160;loan‐to‐value ratio&#160;greater than 125 percent.</span><br></li></ul><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Year to date through August 2016&#58;&#160;</span><br style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"><ul style="font&#58;inherit;margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;vertical-align&#58;baseline;font-size-adjust&#58;inherit;font-stretch&#58;inherit;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Twenty-six percent of HARP refinance for underwater borrowers were for shorter-term 15- and&#160;20‐year mortgages, which build equity faster than traditional 30‐y</span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">ear mortgages.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP&#160;refinances represented&#160;8 or more percent of total refinances in Florida&#160;and Georgia, more than double the 4&#160;percent of total refinances nationwide over the same period.</span><br></li></ul></span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</span><br style="color&#58;#444444;text-transform&#58;none;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of March 31, 2016.</span>10/18/2016 5:00:58 PM369http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 201721371<table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;108px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;"> <img src="/AboutUs/Reports/PublishingImages/Annual-Performance-Plan-Thumbs/FY_2017_APP_Cover.jpg" alt="Annual Performance Plan Cover Thumbnail" style="margin&#58;5px;width&#58;100px;height&#58;130px;box-shadow&#58;#808080 2px 2px 2px;" /> </td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><p style="font-style&#58;normal;">The Fiscal Year (FY) 2017 Annual Performance Plan (APP) supports the<em>&#160;<a href="/AboutUs/Reports/Pages/FHFA-Strategic-Plan-for-FY-2015-2019.aspx">FHFA Strategic Plan&#58; Fiscal Years 2015–2019</a>&#160;</em>(Strategic Plan).&#160;The APP sets out performance measures and targets in support of the goals in the Strategic Plan.</p><p style="font-style&#58;normal;">FHFA’s APP has four components&#58; (1) strategic goals; (2) performance goals; (3) performance measures and associated targets; and (4) means and strategies to accomplish the performance goals.</p></td></tr></tbody></table>10/3/2016 5:00:48 PM630http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - July 201621220<h2 style="font-style&#58;normal;">July 2016&#160;Highlights&#160;</h2><p><span style="line-height&#58;22px;">Total refinance&#160;volume decreased in July 2016&#160;after increasing over the previous three months. &#160;Mortgage rates continued to decrea</span><span style="line-height&#58;22px;">se in July&#58; &#160;the average interest rate on a 30-year fixes rate mortgage fell to 3.44 percent from 3.57 percent in June.&#160;</span></p><p><span style="line-height&#58;22px;">In July 2016&#58;</span></p><ul><li><span style="line-height&#58;22px;">Borrowers completed 5.121 refinances through HARP, bringing the total refinances from the inception of the program to 3,423,975.</span><br></li><li><span style="line-height&#58;22px;">HARP volume represented 3&#160;percent of total refinance volume.</span><br></li><li><span style="line-height&#58;22px;">Five percent of the loans refinances through HARP had a&#160;loan‐to‐value ratio&#160;greater than 125 percent.</span><br></li></ul><span style="line-height&#58;22px;">Year to date through July 2016&#58;&#160;</span><br><span style="line-height&#58;22px;"><ul><li><span style="line-height&#58;22px;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</span><br></li><li><span style="line-height&#58;22px;">Twenty-six percent of HARP refinance for underwater borrowers were for shorter-term 15- and&#160;20‐year mortgages, which build equity faster than traditional 30‐y</span><span style="line-height&#58;22px;">ear mortgages.</span><br></li><li><span style="line-height&#58;22px;">HARP&#160;refinances represented 9 or more percent of total refinances in Florida&#160;and Georgia, more than double the 4&#160;percent of total refinances nationwide over the same period.</span><br></li></ul></span><span style="line-height&#58;22px;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</span><br><span style="line-height&#58;22px;">Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of March 31, 2016.</span><br><p>&#160;</p><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-weight&#58;normal;"><font face="Calibri"></font><font color="#33339b" lang="JA" face="ArialMT"><font color="#33339b" lang="JA" face="ArialMT"></font></font></ul>9/16/2016 2:00:58 PM330http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2Q 2016 / June20159<p>U.S. house prices rose <strong>1.2 percent </strong>in the second quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). &#160; House prices rose 5.6 percent from the second quarter of 2015 to the second quarter of 2016. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. &#160;The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.&#160;</p><p>While the HPI rose 5.6 percent from the second quarter of 2015 to the second quarter of 2016, prices of other goods and services were nearly unchanged. &#160;The inflation-adjusted price of homes rose approximately 5.7 percent over the last year.</p><p><strong>Significant Findings</strong></p><ul><li>Home prices rose in every state except Vermont between the second quarter of 2015 and the second quarter of 2016. &#160;The top five states in annual appreciation were&#58; &#160;1) Oregon 11.7 percent; 2) Washington 10.3 percent; 3) Colorado 10.2 percent; 4) Florida 10.0 percent; and 5) Nevada 9.6 percent.</li><li>Among the 100 most populated metropolitan areas in the U.S., annual price increases were greatest in North Port-Sarasota-Bradenton, FL, where prices increased by 15.7 percent. &#160;Prices were weakest in Bridgeport-Stamford-Norwalk, CT, where they fell 3.3 percent.</li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the second&#160;quarter, posting a 1.9 percent quarterly increase and an 8.1 percent increase since the second quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.6 percent from the last quarter.&#160;</li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt2-Percent-in-Second-Quarter-Some-Signs-of-Deceleration.aspx">Related News Release</a></p><p><a href="https&#58;//www.youtube-nocookie.com/embed/48M6qfLGVZM" target="_blank">Video of Highlights for 2Q 2016</a></p><div><br></div>8/24/2016 1:00:29 PM4641http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Dodd-Frank Act Stress Tests - Severely Adverse Scenario20992<h2>Background </h2> <br> <ul><li>This report provides updated information on possible ranges of future financial results of Fannie Mae and Freddie Mac (the &quot;Enterprises&quot;) under severely adverse conditions. The severely adverse conditions assumed were identical for both Enterprises.</li><li>The Enterprises are required to conduct stress tests per FHFA rule 12 CFR § 1238, which implements section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the &quot;Dodd-Frank Act&quot;). Section 165(i)(2) of the Dodd-Frank Act requires certain financial companies with total consolidated assets of more than $10 billion, and which are regulated by a primary Federal financial regulatory agency, to conduct annual stress tests to determine whether the companies have the capital necessary to absorb losses as a result of adverse economic conditions. This is the third implementation of the Dodd-Frank Act Stress Tests (DFAST).</li><li>The projections reported here are not expected outcomes. They are modeled projections in response to &quot;what if&quot; exercises based on assumptions about Enterprise operations, loan performance, macroeconomic and financial market conditions, and house prices. The projections do not define the full range of possible outcomes. Actual outcomes may be very different. </li><li>An overview of the DFAST Severely Adverse scenario is described on page 4. The Enterprises used their respective internal models to project their financial results based on the assumptions provided by the Federal Reserve and FHFA. </li><li>While this effort achieves a degree of comparability between the Enterprises, it does not eliminate differences in their respective internal models, accounting differences, or management actions. </li></ul><h2>Dodd‐Frank Act Stress Tests Severely Adverse Scenario </h2> <br> <ul><li>As of December 31, 2015, the Enterprises have drawn a combined $187.5 billion from the Department of the Treasury under the terms of the Senior Preferred Stock Purchase Agreements (the &quot;PSPAs&quot;).  </li><li>The combined remaining funding commitment under the PSPAs as of December 31, 2015 was $258.1 billion.  </li><li>Under the Severely Adverse scenario, incremental Treasury draws are projected to range between $49.2 billion and $125.8 billion depending on the treatment of deferred tax assets.  </li><li>The remaining funding commitment under the PSPAs after the projected draws ranges between $208.9 billion and $132.2 billion depending on the treatment of deferred tax assets. </li></ul><p> <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Results-of-Fannie-and-Freddie-Dodd-Frank-Act-Stress-Tests-8-8-2016.aspx">Related News Release</a></p>8/8/2016 3:02:12 PM647http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - May 201610465<h1>​May 2016 Highlights</h1><div> <br> </div><p>Total refinance volume increased in May 2016 as rates remained&#160;below the levels observed at the end of 2015. Mortgage rates&#160;decreased in May&#58; the average interest rate on a 30‐year fixed rate&#160;mortgage fell to 3.60 percent from 3.61 percent in April.</p><p>In May 2016&#58;</p><ul><li> <span style="line-height&#58;22px;">Borrowers completed 6,091 refinances through HARP, bringing total refinances from the inception of the program to 3,412,982.</span><br></li><li> <span style="line-height&#58;22px;">HARP volume represented 4 percent of total refinance volume.</span><br></li><li> <span style="line-height&#58;22px;">Six percent of the loans refinanced through HARP had a loan-to‐value ratio greater than 125 percent.</span><br></li></ul><p>Year to date though May 2016&#58;</p><ul><li> <span style="line-height&#58;22px;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 22 percent of the volume of HARP loans.</span><br></li><li> <span style="line-height&#58;22px;">Twenty six 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.</span><br></li><li> <span style="line-height&#58;22px;">HARP refinances represented 9 or more percent of total refinances in Florida and Georgia, more than double the 4 percent of total refinances nationwide over the same period.</span></li></ul><p>​Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>​Ten states accounted for over 60 percent of the nation's HARP eligi​ble loans with a refinance incentive as of December 31, 2015.</p>7/18/2016 5:00:14 PM719http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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