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FANNIE MAE AND FREDDIE MAC Reports


 

Fannie Mae and Freddie Mac (the Enterprises) were created by Congress to provide stability and liquidity in the secondary housing finance market. These reports are related to Fannie Mae’s and Freddie Mac’s activities to meet their mission and the Enterprises’ financial performance and condition.



 

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U.S. House Price Index Report - November 2019302611/22/2020 5:00:00 AM<p>U.S. house prices rose in November, up <strong>0.2 percent</strong><em> </em>from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). &#160;House prices rose <strong>4.9 percent</strong> from November 2018 to November 2019.&#160; The previously reported 0.2 percent increase for October 2019 was revised upward to 0.4 percent.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from October 2019 to November 2019 ranged from<strong> -0.1 percent</strong> in the Mountain division to <strong>+0.8 percent</strong> in the East North Central division.&#160; The 12-month changes were all positive, ranging from <strong>+3.8 percent </strong>in the New England and the West South Central divisions to <strong>+6.3 percent</strong> in the Mountain 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-0-2-Percent-in-November-2019.aspx">Related News Release&#160;</a></p>1/22/2020 2:00:14 PMHome / About FHFA / Reports / U.S. House Price Index Report - November 2019 House Price Index 412https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance and FPM Report - Third Quarter 2019302151/9/2020 5:00:00 AM<h1>​​THIRD Quarter 2019 Highlights -&#160;Foreclosure Prevention<br></h1><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 26,475 foreclosure prevention actions in the third quarter, bringing the total to 4,381,036 since the start of conservatorships in September 2008. Of these actions, 3,684,782 have helped troubled homeowners stay in their homes, including 2,373,957 permanent loan modifications.</li><li>Twenty-eight percent of modifications in the third quarter were modifications with principal forbearance. Modifications with&#160;extend-term only accounted for 66 percent of all loan modifications during the quarter.</li><li>There were 1,315 completed short sales and deeds-in-lieu during the quarter, bringing the total to 696,254 since the conservatorships began in September 2008.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The percentage of 60+ days delinquent loans dropped from 1.00 percent at the end of the second quarter to 0.96 percent at the end of the third quarter of 2019.</li><li>The Enterprises' serious (90 days or more) delinquency rate decreased to 0.65 percent at the end of the third quarter. This compared with 3.39 percent for Federal Housing Administration (FHA) loans, 1.87 percent for Veterans Affairs (VA) loans, and 1.81 percent for all loans (industry average).</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong><br></p><ul><li>Foreclosure starts increased 2 percent to 29,970 while third-party and foreclosure sales decreased 5 percent to 9,670 in the third quarter.</li></ul><h1>​third quarter 2019 Highlights - Refinance Activities<br></h1><ul><li>Total refinance volume increased in September 2019 as mortgage rates fell in previous months to lows last obsereved in 2015. Mortgage rates decreased in September&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.61&#160;percent from 3.62 percent in August.</li></ul><p><strong>In The Third Quarter of 2019&#58;</strong><br></p><ul><li>Borrowers completed 6 refinances through HARP, bringing total refinances from the inception of the program to 3,495,413.</li><li>HARP volume represented less than 1 percent of total refinance volume.</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><p><a href="/Media/PublicAffairs/Pages/Nearly-4pt4-Million-Homeowners-Helped-Since-Conservatorship.aspx">Related News Release</a><br></p><p>For an interactive online map that provides state data, click on the following link&#58;&#160; <em><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map.</a></em><br></p>1/9/2020 6:00:38 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance and FPM Report - Third Quarter 2019 The Enterprises completed 26,475 foreclosure prevention actions in the third 267https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index - October 20193018412/31/2019 5:00:00 AM<p>The FHFA House Price Index (HPI) reported a 0.2&#160;percent increase in U.S. house prices in October from previous&#160;month.&#160; From October 2018 to October 2019, house prices were up 5.0&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from September 2019 to October&#160;2019 ranged from -0.5 percent in the East North Central&#160;division to +0.7&#160;percent in the West South Central and East South Central divisions.&#160; The 12-month changes were all positive, ranging from +3.5&#160;percent in the New England division to +6.7&#160;percent in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attachment.&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt2-Pct-in-Oct-Up-5-Pct-from-Last-Yr.aspx">Related News Release</a></p>12/31/2019 2:01:10 PMHome / About FHFA / Reports / FHFA House Price Index - October 2019 House Price Index 1933https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 20183016712/18/2019 5:00:00 AM<p>Section 1601 of the Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to conduct an ongoing study of the guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises) and to submit a report to Congress each year.&#160; The report is required to contain an analysis of the average guarantee fee and a breakdown by product type, risk class, and size.&#160; The report also must analyze the costs of providing the guarantee and provide a comparison to the prior year.&#160; FHFA issued the first single-family guarantee fee report in 2009.</p><p>This report discusses the guarantee fees charged in 2018 and provides a five-year perspective with data back to 2014.&#160; The major findings in this report are&#58;</p><ul><li>For all loan products combined, the average single-family guarantee fee in 2018 increased 2 basis points to 55 basis points.&#160; The upfront portion of the guarantee fee, which is based on the credit risk attributes (e.g., loan purpose, loan-to-value ratio, and credit score), was unchanged at&#160;15 basis points.&#160; The ongoing portion of the guarantee fee, which is based on the product type (fixed-rate or adjustable-rate, and loan term), increased 2 basis points to 40 basis points.</li><li>The average guarantee fee in 2018 on 30-year fixed rate loans was unchanged at 56 basis points, while the fee on 15-year fixed rate loans increased by 1 basis point to 37 basis points.&#160; The fee on adjustable-rate mortgage (ARM) loans fell 4 basis points to 54 basis points.</li><li>Higher interest rates accompanied by increasing house prices in 2018 led to a smaller share of both rate-term refinances and 15-year loans acquired by the Enterprises.&#160; The larger share of purchase loans and a growing focus on programs for first-time homebuyers and affordable housing led to a slight increase in the share of loans with higher loan-to-value (LTV) ratios and lower credit scores.</li></ul><p>Questions and comments about this report may be addressed to FHFA at&#58;&#160;<a href="/AboutUs/Contact/Pages/General-Questions-and-Comments.aspx">https&#58;//www.fhfa.gov/AboutUs/Contact/Pages/General-Questions-and-Comments.aspx</a>.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Issues-2018-Report-to-Congress-on-Guarantee-Fees.aspx">Related News Release</a></p>12/18/2019 9:00:41 PMHome / About FHFA / Reports / Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 2018 Single 591https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Prepayment Monitoring Report - Third Quarter 20192745812/9/2019 5:00:00 AM<p>On June 3, 2019, Fannie Mae and Freddie Mac began issuing a new common mortgage-backed security, known as the Uniform Mortgage-Backed Securities or UMBS, through their jointly developed Common Securitization Platform, bringing to fruition important elements of FHFA's <a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx">2014 Strategic Plan for the Conservatorships of</a>&#160;<a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx">Fannie Mae and Freddie Mac</a>.&#160; On March 12, 2019 forward trading of UMBS began in the “To-Be-Announced&quot; (TBA) market <a href="#footNote1">[1]</a>, with first settlements of the UMBS trades coinciding with their initial issuance by the Enterprises on June 3, 2019.</p> <p>FHFA encouraged Fannie Mae and Freddie Mac to develop this new security to broaden and enhance liquidity in the secondary market for residential mortgages and to reduce costs to taxpayers.<a href="#footNote2">[2]</a>&#160; To address those goals, UMBS issued by Fannie Mae and Freddie Mac trade in the TBA market without regard to which Enterprise is the issuer, effectively merging the formerly separate markets for mortgage-backed securities issued by each Enterprise. </p><p>Consistency of prepayment rates is important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.&#160; Some industry stakeholders have expressed concern that the rates of prepayment of the Enterprises' securities might materially diverge and undermine their fungibility.&#160; FHFA has taken a number of steps to promote the continued consistency of prepayment rates of Fannie Mae- and Freddie Mac-issued mortgage-backed securities (MBS).&#160; This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis.</p><p>Ex post monitoring of prepayment rates is part of a broader effort to assure investors that cash flows from UMBS will be similar regardless of which Enterprise is the issuer.&#160; This report provides insight into how FHFA monitors the consistency of prepayment rates across cohorts of the Enterprises' TBA-eligible MBS,<a href="#footNote3">[3]</a> where a cohort consists of those Enterprise TBA-eligible securities with the same coupon, maturity, and loan-origination year and total combined issuance across the Enterprises exceeds $10 billion.&#160; A prepayment on a mortgage loan is the amount of principal paid in advance of the loan's scheduled payments. &#160;Full prepayment occurs when a borrower pays off the loan ahead of the scheduled maturity.&#160; If a borrower defaults on the mortgage loan, the Enterprise will pay investors the remaining principal balance and remove the loan from the MBS.&#160; That action has the same effect on investors as a full prepayment. &#160;Partial prepayment occurs when a borrower pays principal in addition to the regularly scheduled payment of principal and interest. <br></p><p> <a name="footNote1">[1]</a> The TBA market is a forward market for certain mortgage-backed securities, including those issued by Fannie Mae and Freddie Mac.</p><p> <a name="footNote2">[2]</a> See <a href="/AboutUs/Reports/ReportDocuments/Single%20Security%20Update%20final.pdf"> <span style="text-decoration&#58;underline;"> <em>An Update on the Structure of the Single Security</em></span></a>, May 2015, p. 4</p><p> <a name="footNote3">[3]</a> To avoid double counting, only first-level securitizations are included in the analysis. Second-level securitizations (Megas, Giants, and Supers) are excluded, with the exception of fastest quartile analyses in which case multi-lender second-level securitizations are included.&#160;&#160;&#160;<br>&#160;</p>12/9/2019 4:00:25 PMHome / About FHFA / Reports / Prepayment Monitoring Report - Third Quarter 2019 Prepayment Monitoring 741https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Enterprise Non-Performing Loan Sales Report - June 20193010912/2/2019 5:00:00 AM<p>The Federal Housing Finance Agency (FHFA) today released its semiannual report&#160;providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises).&#160; The <a href="/AboutUs/Reports/ReportDocuments/June-2019_NPL-Sales-Report.pdf"> <em> Enterprise Non-Performing Loan Sales Report</em>&#160;</a>includes information about NPLs sold through June 30, 2019 and reflects borrower outcomes on NPLs sold through December 2018 and reported through June 30, 2019.&#160; The sale of NPLs reduces the number of delinquent loans in the Enterprises' portfolios.&#160; FHFA and the Enterprises impose <a href="/Media/PublicAffairs/Pages/Non-Performing-Loan-Sale-Guidelines.aspx"> requirements</a> on NPL buyers designed to achieve more favorable outcomes for borrowers than&#160;foreclosure.&#160;&#160;This report shows that, through June 30, 2019, the Enterprises sold 117,466 NPLs representing a total unpaid principal balance (UPB) of $22.2 billion.</p><p> <em><a href="/Media/PublicAffairs/Pages/FHFA-Releases-Report-on-Non-performing-Loan-Sales_12-2019.aspx">Related News Release</a></em></p>12/2/2019 6:00:45 PMHome / About FHFA / Reports / Enterprise Non-Performing Loan Sales Report - June 2019 Enterprise 410https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - 3Q 20193000011/26/2019 5:00:00 AM<p>U.S. house prices rose in the third quarter of 2019, up <strong>1.1 percent</strong> according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; House prices rose <strong>4.9 percent </strong>from the third quarter of 2018 to the third quarter of 2019.&#160; FHFA's seasonally adjusted monthly index for September was up <strong>0.6 percent</strong> from August.</p><p> <strong>Significant Findings​</strong></p><ul><li><p>House prices have risen for 33 consecutive quarters across the United States.</p></li><li><p>House prices rose in all 50 states and the District of Columbia between the third quarters of 2018 and 2019.&#160; The top five states in annual appreciation were&#58; 1) <strong>Idaho </strong>11.6 percent; 2) <strong>Maine </strong>7.9 percent; 3) <strong>Arizona </strong>7.9 percent; 4) <strong>Utah </strong>7.8 percent; and 5) <strong>Indiana </strong>7.4 percent. &#160;The states showing the smallest annual appreciation were&#58; &#160;1) <strong>Illinois </strong>1.9 percent; 2) <strong>Connecticut </strong>2.2 percent; 3) <strong>Maryland </strong>2.4 percent; 4)<strong> South Dakota</strong> 2.7 percent; and 5) <strong>Iowa </strong>3.2 percent.</p></li><li><p>House prices rose in all 100 of the largest metropolitan areas in the U.S. over the last four quarters. &#160;Annual price increases were greatest in <strong>Boise City, ID,</strong> where prices increased by 11.1 percent.&#160; Prices were weakest in <strong>Camden, NJ (MSAD),</strong> where they increased 0.7 percent.</p></li><li><p>Of the nine census divisions, the <strong>Mountain </strong>division experienced the strongest four-quarter appreciation, posting a 6.9 percent gain between the third quarters of 2018 and 2019 and a 1.8 percent increase in the third quarter of 2019. &#160;Annual house price appreciation was weakest in the <strong>Middle Atlantic</strong> division, where prices rose by 4.0 percent between the third quarters of 2018 and 2019.</p></li><li><p>FHFA produced Fact Sheets that include graphics on the Top 20 and Bottom 20 ranked Metropolitan Statistical Areas in the U.S. here&#58; <a href="/HPI-Fact-Sheets">https&#58;//www.fhfa.gov/HPI-Fact-Sheets</a>.</p></li></ul><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt1-Percent-in-Third-Quarter-Up-4pt9-Percent-from-Last-Year.aspx">Related News Release</a></p><p> <a href="/DataTools/Tools/Pages/Four-Quarter-Heat-Map.aspx">Link to interactive map</a></p><p> <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx">More information about FHFA HPI<br> </a></p>11/26/2019 2:00:59 PMHome / About FHFA / Reports / U.S. House Price Index - 3Q 2019 House Price Index 19431https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Credit Risk Transfer Progress Report 2Q20192574811/12/2019 5:00:00 AM<p style="font-style&#58;normal;">​The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the private sector through a variety of transactions in both the single-family and multifamily markets.&#160;<br></p><font color="#000000" face="Times New Roman" size="3"></font><font color="#000000" face="Times New Roman" size="3"></font><font color="#000000" face="Times New Roman" size="3"></font><font color="#000000" face="Times New Roman" size="3"></font><p style="font-style&#58;normal;">From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the second quarter&#160;of 2019,&#160;Fannie Mae and Freddie Mac&#160;have transferred a portion of credit risk on $3.1&#160;trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $102&#160;billion, or 3.3 percent of UPB. An additional $1.4&#160;trillion of UPB and $346&#160;billion of RIF has been transferred to primary mortgage insurers from 2013 through the second quarter&#160;of 2019.&#160;Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been transferred to private investors.<br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-Updates-Progress-on-FNM-and-FRE-Transfer-Programs-111219.aspx">Related News Release</a>​<br></p>11/12/2019 6:00:47 PMHome / About FHFA / Reports / Credit Risk Transfer Progress Report 2Q2019 Credit Risk Transfer Progress 553https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance and FPM Report - August 20193284211/8/2019 5:00:00 AM<h3 style="margin&#58;0px;font-weight&#58;900;font-family&#58;lato, sans-serif;color&#58;#404040;font-size&#58;20px;border&#58;0px;font-stretch&#58;inherit;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;">​August 2019&#160;Highlights -- Foreclosure Prevention&#160;<br></h3><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosure Prevention Actions&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">The Enterprises completed 8,464&#160;foreclosure prevention actions in August, bringing the total to 4,372,944&#160;since the start of the conservatorships in September 2008.&#160;Over half of these actions have been permanent loan modifications.</div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">There were 5,721&#160;permanent loan modifications in August, bringing the total to 2,368,691&#160;since the conservatorships began in September 2008.</div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">Twenty-nine&#160;percent of modifications in August were modifications with principal forbearance. Modifications with extend-term only accounted for 65&#160;percent of all loan modifications during the month.</div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">There were 432 short sales and deeds-in-lieu of foreclosure completed in August, down 4&#160;percent compared with July.</div></li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Mortgage Performance&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">The serious delinquency rate remaiined unchaged at 0.65&#160;percent at the end of August&#160;from&#160;July.<br></li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosures&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Third-party and foreclosure sales decreased slightly&#160;from 3,328&#160;in July to 3,321&#160;in August.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Foreclosure starts decreased from 10,054&#160;in July to 8,941&#160;in August.<br></li></ul><h3 style="margin&#58;0px;font-weight&#58;900;font-family&#58;lato, sans-serif;color&#58;#404040;font-size&#58;20px;border&#58;0px;font-stretch&#58;inherit;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;">​August 2019&#160;Highlights -- Refinance Activities&#160;<br></h3><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">Total refinance volume increased in August 2019 as mortgage rates fell in previous months. Mortgage rates decreased in August&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.62 percent from 3.77 percent in July.<br></div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">The percentage of cashout refinances decreased as mortgage rates fell in previous months, creating more opportunities for non cashout borrowers to refinance at lower rates and lower their monthly payments.&#160;<br></div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;">In August 2019, borrowers completed 2 refinances through HARP, bringing total refinances since the inception of the program to 3,495,410.<br></div></li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;"><div style="border&#58;0px;font&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#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.&#160;<br></div></li></ul>11/8/2019 4:01:02 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance and FPM Report - August 2019 Foreclosure 399https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Housing Report - 2019 (covers activities 1/2018 - 12/2018)2736710/30/2019 4:00:00 AM<p></p><p>This Annual Housing Report (Report) describes the affordable housing activities of the Enterprises during 2018 and meets the reporting requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (Safety and Soundness Act).&#160;The Report describes FHFA's preliminary review of the Enterprises' 2018 housing goals performance. The Report also contains the results of FHFA's evaluations and ratings of the Enterprises' 2018 Duty to Serve performance, as well as highlights and challenges of selected Duty to Serve activities.</p><p>The Report includes information about the distribution of single-family loans by race/ethnicity, gender, and census tract median income. In addition, the Report includes a breakdown of the single-family mortgage product-types purchased by each Enterprise, as well as information on mortgage payment type (e.g., fixed-rate or adjustable-rate mortgage), loan-to-value ratios, and credit scores for 2018.</p><p>The Report also describes the affordable housing allocations made by each Enterprise, as well as FHFA's efforts to survey the mortgage markets and release loan-level data submitted by the Enterprises to the public. Finally, the Report discusses subprime, nontraditional, and higher-priced mortgage loans.​<br></p>10/30/2019 5:00:22 PMHome / About FHFA / Reports / Annual Housing Report - 2019 (covers activities 1/2018 - 12/2018) Annual 1589https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

​Note: Some of FHFA’s reports have evolved over time. On December 2, 2008, FHFA submitted the first Federal Property Manager’s Report to Congress and until May 2012 these reports included refinance activity.  After May 2012, the Federal Property Manager’s Report contained the same content as the monthly and quarterly Foreclosure Prevention Reports, so the Federal Property Manager’s Report was no longer released separately.

View Federal Property Manager’s Reports from December 2008 – April 2012.

View Refinance Reports.


 




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