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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 PM574http://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 PM948http://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 PM899http://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 PM1081http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly Performance Report of the Housing GSEs - First Quarter 201412757<h3></h3><table cellspacing="0" width="100%" class="ms-rteTable-0"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​<a href="/AboutUs/Reports/ReportDocuments/1Q14%20QPR%20(Final).pdf"><img src="/AboutUs/Reports/PublishingImages/Housing-GSE-Q1-2014-thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;132px;" /></a>​</td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><h3>​​​The Enterprises</h3><p style="font-style&#58;normal;font-variant&#58;normal;"> <em>(Freddie Mac and Fannie Mae)</em></p><ul style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-style&#58;normal;font-variant&#58;normal;line-height&#58;14px;"><li> <span style="line-height&#58;22px;">Combined first quarter net income of $9.3 billion compared to $15.1 billion in the fourth quarter of 2013</span><br></li><li> <span style="line-height&#58;22px;">Enterprise MBS issuance share decreased to 70 percent compared to 74 percent in the fourth quarter of 2013</span><br></li><li> <span style="line-height&#58;22px;">Combined proceeds from private-label mortgage-related (PLS) securities settlements totaled $8.6 billion in the first quarter</span><br></li><li> <span style="line-height&#58;22px;">Loan loss reserves decreased $2.6 billion during the quarter</span><br></li></ul><h3 style="font-style&#58;normal;font-variant&#58;normal;">The Federal Home Loan Bank Syste​m</h3><ul style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-style&#58;normal;font-variant&#58;normal;line-height&#58;14px;"><li> <span style="line-height&#58;22px;">​Aggregate net income of $567 million in the fir</span><span style="line-height&#58;22px;">st quarter of 2014, compared to $691 million in the fourth quarter of 2013</span><br></li><li> <span style="line-height&#58;22px;">Aggregate advances decreased during the quarter by 3 percent</span><br></li><li> <span style="line-height&#58;22px;">Advances as a percentage of total assets decreased slightly to 59 percent</span><br></li><li> <span style="line-height&#58;22px;">Retained earnings increased to $12.4 billion</span><br></li></ul></td></tr></tbody></table><h3></h3>8/5/2014 6:26:22 PM1630http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - May 201412761<table cellspacing="0" width="100%" class="ms-rteTable-0" style="height&#58;310px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​​<a href="/AboutUs/Reports/ReportDocuments/May-14-Refi_Report.pdf"><img src="/AboutUs/Reports/PublishingImages/Refinance-May-2014-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>​May 2014 Highlights</h2><p>​<br></p><ul><li> <span style="line-height&#58;22px;">​Refinance volume fell slightly in May, and remained at levels&#160;more comparable to those observed in 2008 than in subsequent&#160;years. Mortgage rates have ranged between four to four and a half&#160;percent since June 2013. In May, the average interest rate on a 30&#160;year fixed rate mortgage decreased from April to 4.19&#160;percent.</span><br></li><li> <span style="line-height&#58;22px;">In May 2014, 16,565 refinances were completed through HARP,&#160;bringing the total refinances through HARP from the inception of&#160;the program to 3,171,138.</span><br></li><li> <span style="line-height&#58;22px;">HARP volume represented 15 percent of total refinance volume&#160;in May 2014.</span><br></li><li> <span style="line-height&#58;22px;">In May 2014, 10 percent of the loans refinanced through HARP&#160;had a loan-to-value ratio greater than 125 percent.​</span><br>​</li></ul></td></tr></tbody></table>7/17/2014 2:30:31 PM873http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Federal Property Manager's Report - March 201412559<table width="100%" class="ms-rteTable-0" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​​<a href="/AboutUs/Reports/ReportDocuments/6262014FPMReporttoCongressMarch.pdf"><img src="/AboutUs/Reports/PublishingImages/Q1-2014_Foreclosure-Prevention-Thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;132px;" /></a></td><td class="ms-rteTableOddCol-0" style="width&#58;50%;">​<span style="line-height&#58;22px;font-variant&#58;normal;font-style&#58;normal;">​</span><span style="line-height&#58;22px;font-variant&#58;normal;font-style&#58;normal;"></span><span style="line-height&#58;22px;font-variant&#58;normal;font-style&#58;normal;color&#58;#444444;">The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress&#160;in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Propert</span><span style="line-height&#58;22px;font-variant&#58;normal;font-style&#58;normal;color&#58;#444444;">y Managers (FPM) to develop and implement plans to maxim​​ize 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></td></tr></tbody></table>6/27/2014 2:10:56 PM362http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - First Quarter 201412616<table width="100%" class="ms-rteTable-0" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​​<a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf"><img src="/AboutUs/Reports/PublishingImages/Q1-2014_Foreclosure-Prevention-Thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;132px;" /></a></td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><h1>First Quarter 2014 Highlights</h1><h2><br>The Enterprises' Foreclosure Prevention Actions&#58;</h2><ul><li style="padding&#58;0px;margin&#58;0px;"><p>Approximately 88,800 foreclosure prevention actions were completed during the first quarter, bringing the total to nearly 3.2 million since the start of conservatorships in September 2008. More than 2.6 million of these actions have helped troubled homeowners stay in their homes including 1.6 million permanent loan modifications.</p></li><li style="padding&#58;0px;margin&#58;0px;"><p>Forty-two percent of all permanent loan modifications in the first quarter helped to reduce homeowners' monthly payments by over 30 percent.</p></li></ul><h2>The Enterprises' Mortgage Performance&#58;</h2><ul><li style="padding&#58;0px;margin&#58;0px;"><p>The number of the Enterprises' serious delinquent borrowers decreased 8 percent during the first quarter.</p></li><li style="padding&#58;0px;margin&#58;0px;"><p>The Enterprises' serious delinquency rate fell to 2.2 percent at the end of the quarter compared with 6.7 percent for Federal Housing Administration (FHA) loans, 3.6 percent for Veterans Affairs (VA) loans and 5.0 percent for all loans (Industry average).</p></li></ul><h2>The Enterprises' Foreclosures&#58;</h2><ul><li style="padding&#58;0px;margin&#58;0px;"><p>Third-party sales and foreclosure sales fell slightly to 47,300 while foreclosure starts dropped 25 percent to nearly 84,700 in the first quarter.</p></li><li style="padding&#58;0px;margin&#58;0px;"><p>REO inventory declined 3 percent during the quarter to nearly 146,000 as property dispositions outpaced property acquisitions.</p></li></ul><p><a href="/Media/PublicAffairs/Pages/Fannie-Mae-and-Freddie-Mac-Foreclosure-Prevention-Actions-Near-3-2-Million-Through-First-Quarter.aspx">​Related News Release</a></p></td></tr></tbody></table><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=3"><h1>Table of Contents</h1></a><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=4">HIGHLIGHTS</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=5">LOAN MODIFICATION PROGRAMS - STATUS UPDATE</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=6">MORTGAGE PERFORMANCE</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=7">FORECLOSURE PREVENTION ACTIONS&#58; All Actions Completed</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=8">60+ DAYS DELINQUENT LOANS AND FORECLOSURE PREVENTION ACTIONS</a></h4><ul style="list-style-type&#58;none;list-style-image&#58;none;"><li>Home Retention Actions </li><li>Enterprises' Loan Modifications </li><li>Fannie Mae's Loan Modifications</li><li>Freddie Mac's Loan Modifications</li><li>Home Forfeiture Actions</li></ul><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=16">FORECLOSURES</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=17">REO ACTIVITY &amp; INVENTORY</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=19">DELINQUENT LOANS BY STATE</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=20">DELINQUENCY STATUS MAP</a></h4><h4><a href="/AboutUs/Reports/ReportDocuments/Foreclosure%20Prevention%20Report_1Q14_FINAL.pdf#page=21">CHANGE IN THE NUMBER OF DELINQUENT LOANS IN KEY STATES</a></h4><p>&#160;</p>6/27/2014 2:00:45 PM1228http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - April 201412780<table width="100%" class="ms-rteTable-0" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​​​​<a href="/AboutUs/Reports/ReportDocuments/HPI062414.pdf"><img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/US-HPI-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%;"><p>The FHFA House Price Index (HPI) reported no change in U.S. house prices in April from the previous month.&#160; The previously reported 0.7 percent increase in March was unchanged. From April 2013 to April 2014, house prices were up 5.9 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from March 2014 to April 2014 ranged from -1.3 percent in the New England division to +0.6 percent in the East South Central division.&#160; The 12-month changes were all positive ranging from +1.7 percent in the Middle Atlantic division to +10.7 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;<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">&#160;</span></p><p><span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;"><a href="/Media/PublicAffairs/Pages/U-S-House-Prices-Flat-in-April-2014.aspx">Related News Release</a></span></p></td></tr></tbody></table>​7/3/2014 1:32:45 PM2537http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - April 201412488<h2></h2><table cellspacing="0" width="100%" class="ms-rteTable-0"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;">​<img src="/AboutUs/Reports/PublishingImages/Apr-14_Refi_Report_thumb.png" alt="" style="margin&#58;5px;width&#58;100px;height&#58;130px;" /></td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><h2>​Report Highlights</h2><ul style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;font-style&#58;normal;font-variant&#58;normal;line-height&#58;14px;"><li><p style="margin-bottom&#58;0px;">​Refinance volume rose slightly in April, ​​​but remained at levels&#160;more comparable to those observed in 2008 than in subsequent&#160;years. Mortgage rates have ranged between four to four and a half&#160;percent since June 2013. In April, the average interest rate on a&#160;30 year fixed rate mortgage remained unchanged from March at&#160;4.34 percent.</p></li><li><p style="margin-bottom&#58;0px;">In April 2014, 19,689 refinances were completed through HARP,&#160;bringing the total refinances through HARP from the inception of&#160;the program to 3,154,578.</p></li><li><p style="margin-bottom&#58;0px;">HARP volume represented 17 percent of total refinance volume&#160;in April 2014.</p></li><li><p style="margin-bottom&#58;0px;">In April 2014, 10 percent of the loans refinanced through HARP&#160;​had a loan-to-value ratio greater than 125 percent.​</p></li></ul></td></tr></tbody></table>7/3/2014 7:39:10 PM513http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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