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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 2021 Q33633111/30/2021 5:00:00 AM<p style="font-style&#58;normal;">​U.S. house prices rose&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">18.5 percent</span>&#160;from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">4.2 percent&#160;</span>compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">&#160;0.9 percent</span>&#160;from August.<br></p><p style="font-style&#58;normal;">“House price appreciation reached its highest historical level in the quarterly series,” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. “Compared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.”<br></p><p>​<span style="font-size&#58;12pt;font-family&#58;calibri, sans-serif;">View highlights video featuring William Doerner at&#58; <a href="https&#58;//go.usa.gov/xeEuG">https&#58;//go.usa.gov/xeEuG</a></span></p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-18pt5-Percent-over-the-Last-Year-Up-4pt2-Percent-from-2Q.aspx">​Related News Release</a>​<br></p>11/30/2021 2:00:19 PMHome / About FHFA / Reports / U.S. House Price Index Report 2021 Q3 House Price Index 2214https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Prepayment Monitoring Report Third Quarter 20213650711/29/2021 5:00:00 AM<p>​Fannie Mae and Freddie Mac began issuing the Uniform Mortgage-Backed Securities (UMBS) on June 3, 2019.</p><p>This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis. The report focuses on alignment of prepayment rates, which continues to be important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.</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, allowing both Enterprises’ UMBS to trade in a one, unified market. This report provides insight into how FHFA monitors the consistency of prepayment rates across cohorts of the Enterprises’ TBA-eligible MBS, <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[1]</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.</p><p> <strong>Background on UMBS</strong></p><p>Issuance of UMBS through the Enterprises’ jointly developed Common Securitization Platform (CSS), fulfilled important elements of FHFA’s <a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx"> <em>2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac</em></a>.&#160;Forward trading of UMBS began in the “To-Be-Announced” (TBA) market <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[2]</a>, on March 12, 2019 with first settlements of the UMBS trades on June 3, 2019. UMBS is issued without regard to which Enterprise is the issuer and has effectively merged the formerly separate Enterprise MBS markets. UMBS has broadened and enhanced liquidity in the secondary market for residential mortgages and reduced costs to taxpayers. <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[3]</a></p><p> <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[1]</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 and Table 2 (Quartile Report). For those exceptions, Freddie Mac multi-lender second-level securitizations traded as a single security are included and the related first-level securitizations are excluded to avoid double counting. </p><p> <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[2]</a> The TBA market is a forward market for certain mortgage-backed securities, including those issued by the Enterprises.</p><p> <a href="/AboutUs/Reports/ReportDocuments/Prepayment-Monitoring-Report_2021Q3.pdf">[3]</a> See <a href="/AboutUs/Reports/ReportDocuments/Single%20Security%20Update%20final.pdf"> <em>An Update on the Structure of the Single Security</em></a>, May 2015, p.4 </p>11/29/2021 7:00:48 PMHome / About FHFA / Reports / Prepayment Monitoring Report Third Quarter 2021 Prepayment Monitoring Report 299https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Enterprise Non-Performing Loan Sales - June 20213684511/22/2021 5:00:00 AM<p>​​The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30, 2021. Borrower outcomes reflect NPLs reported through June 30, 2021 and sold through December 31, 2020.&#160;</p><p>The sale of NPLs reduces the number of delinquent loans in the Enterprises' portfolios and transfers credit risk to the private sector. FHFA and the Enterprises impose requirements on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure.</p><p>​This report shows that from the program inception in 2014 through June 30,&#160;2021,&#160;the Enterprises sold 130,808 NPLs with a total unpaid principal balance (UPB) of $24.5 billion. The loans included in the NPL sales had an average delinquency of 2.9 years and an average current mark-to-market loan-to-value (LTV) ratio of 91 percent (not including capitalized&#160;arrearages).<br>&#160;&#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Releases-Latest-Report-on-Non-Performing-Loan-Sales-112021.aspx">​Related News Release​​</a>​</p>11/23/2021 12:39:43 PMHome / About FHFA / Reports / Enterprise Non-Performing Loan Sales - June 2021 Enterprise Non-Performing 393https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions3682611/17/2021 5:00:00 AM<p>​​​Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe and sound manner.​<br></p><p>The two equally weighted objectives of the 2022 Scorecard are for the Enterprises to (1) Promote Sustainable and Equitable Access to Affordable Housing and (2) Operate the Business in a Safe and Sound Manner.&#160;​For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common Securitization Solutions, LLC (CSS) will be assessed based on the following criteria&#58;<br></p><div><strong>​Assessment Criteria</strong><br></div><div><br></div><div><ul><li>Each Enterprise’s products and programs foster sustainable and equitable housing finance markets that support safe, decent, and affordable homeownership and rental opportunities</li><li> Each Enterprise conducts business in a safe and sound manner.</li><li>Each Enterprise meets expectations under all FHFA requirements, including those pertaining to capital, liquidity, and credit risk transfer.</li><li>Each Enterprise continues to manage operations while in conservatorship in a manner that preserves and conserves assets through the prudent stewardship of Enterprise resources.</li><li>Each Enterprise cooperates and collaborates with FHFA to meet the Conservator’s priorities, directives, and guidance throughout the course of the year.</li><li>Each Enterprise delivers work products that are high quality, thorough, creative, effective, and timely, and that consider effects on borrowers and renters, the Enterprises, the industry, and other stakeholders.</li><li>Each Enterprise ensures that diversity, equity, and inclusion remain top priorities in strategic planning, operations, and business development.</li></ul></div><p>​<a href="/Media/PublicAffairs/Pages/FHFA-Releases-2022-Scorecard-for-Fannie-Freddie-and-CSS.aspx">Related News Release</a>​<br></p>11/17/2021 3:30:32 PMHome / About FHFA / Reports / 2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Today, the Federal Housing Finance Agency (FHFA) released the 2022 756https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report - August 20213638911/10/2021 5:00:00 AM<h1 class="ms-rteElement-H1B">​​August 2021 Highlights - Foreclosure Prevention</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><ul><li>The Enterprises completed 49,082 foreclosure prevention actions in August, bringing the total to 6,140,495 since the start of the conservatorships in September 2008. Approximately 40 percent of these actions have been permanent loan modifications.</li><li>There were 6,134 permanent loan modifications in August, bringing the total to 2,480,955 since the conservatorships began in September 2008.</li><li>Eleven percent of modifications in August were modifications with principal forbearance. Modifications with extend-term only accounted for 66 percent of all loan modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan decreased 23 percent from 39,836 in July to 30,795 in August.</li><li>Initiated forbearance plans increased 7 percent from 23,481 in July to 25,072 in August. The total number of loans in forbearance decreased from 438,550 at the end of July to 400,071 at the end of August, representing approximately 1.3% of the total loans serviced, and 53 percent of the total delinquent loans.<br><br></li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong></p><p></p><ul><li>The 30-59 days delinquency rate increased slightly to 0.69 percent, while the serious delinquency rate declined to 1.72 percent at the end of August.<br></li></ul> <p></p><p> <strong>The Enterprises' Foreclosures&#58;</strong></p><p></p><ul><li>Third-party and foreclosure sales increased 11 percent to 884 while foreclosure starts rose 72 percent to 3,110 in August.​</li></ul> ​ <h2>August 2021 Highlights - Refinance Activities</h2><ul><li>Total refinance volume rose in August 2021, after mortgage rates through July steadily fell from the 2021 peak observed in March. Mortgage rates fell in August&#58; the average interest rate on a 30-year fixed rate mortgage fell to 2.84 percent from 2.87 percent in July.</li><li>In August, 1 refinance was completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 201.</li><li>The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages decreased to 26 percent in August as the difference between 15- and 30-year fixed rate mortgages remained in the 69 to 71 basis points range in recent months.​​<br></li></ul>11/10/2021 6:00:34 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report - August 2021 Foreclosure 944https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Housing Report 2021 (covers activities 1/2020 - 12/2020)3662410/29/2021 4:00:00 AM<p>​<a href="/AboutUs/Reports/ReportDocuments/Annual-Housing-Report-2021.pdf">This Annual Housing Report</a>​ (Report) describes the affordable housing activities of the Enterprises during 2020 and meets the reporting requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (Safety and Soundness Act). The Report describes FHFA's preliminary review of the Enterprises' 2020 housing goals performance. The Report also contains the results of FHFA's evaluations and ratings of the Enterprises' 2020 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 2020.</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>10/29/2021 6:35:04 PMHome / About FHFA / Reports / Annual Housing Report 2021 (covers activities 1/2020 - 12/2020) Annual 1264https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 20213630310/26/2021 4:00:00 AM<p>​<span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​House prices rose nationwide in August, up&#160;</span><span style="color&#58;#404040;font-family&#58;inherit;font-size&#58;inherit;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">1.0&#160;percent&#160;</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">from the previous&#160;month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">&#160;18.5</span><span style="color&#58;#404040;font-family&#58;inherit;font-size&#58;inherit;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">&#160;percent</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">&#160;</span><span style="background-color&#58;#ffffff;color&#58;#404040;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">from August&#160;2020 to August&#160;2021. The previously reported 1.4&#160;percent&#160;price change for&#160;July&#160;2021 remained unchanged.​</span></p><div 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;padding&#58;0px;background-color&#58;#ffffff;"><p style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;22px;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040 !important;">For the&#160;<a href="/Media/PublicAffairs/PublicAffairsDocuments/FHFA-HPI-FAQs_3312021.pdf#page=9" style="color&#58;#276598;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;600;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 color="#0066cc">nine census divisions</font></a>​, seasonally adjusted monthly house price changes from&#160;July&#160;2021 to August&#160;2021 ranged from&#160;<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;">+0.1&#160;percent</span>&#160;in the New England&#160;division to&#160;<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;">+1.9 percent&#160;</span>in the South Atlantic&#160;division. The 12-month changes ranged from&#160;<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;">+14.9&#160;percent</span>&#160;in the West North Central division to<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;">&#160;+25.8&#160;percent</span>&#160;in the Mountain division.<br></p><p style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;22px;vertical-align&#58;baseline;padding&#58;0px;color&#58;#404040 !important;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1pt0-Percent-in-August-Up-18pt5-Percent-from-Last-Year.aspx" style="color&#58;#276598;border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;600;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;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;400 !important;"><font color="#0066cc">​Related News Release​</font></span></a><br></p></div>10/26/2021 1:00:14 PMHome / About FHFA / Reports / U.S. House Price Index - October 2021 House Price Index 5962https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report - July 20213598810/14/2021 4:00:00 AM<h2>​July&#160;2021&#160;Highlights&#160;— Foreclosure Prevention</h2><h4>The Enterprises' Foreclosure Prevention Actions&#58;</h4><ul style="border&#58;0px;font-stretch&#58;inherit;line-height&#58;inherit;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, 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;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">The Enterprises completed&#160;61,494 foreclosure prevention actions in July, bringing the total to 6,091,413&#160;since the start of the conservatorships in September 2008.&#160;Approximately 41 percent&#160;of these actions have been permanent loan modifications.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">There were 6,287 permanent loan modifications in July, bringing the total to 2,474,821&#160;since the conservatorships began in September 2008.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">Ten&#160;percent of modifications in&#160;July were modifications with principal forbearance. Modifications with extend-term only accounted for 66 percent of all loan modifications during the month.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan decreased 5 percent from 41,789 in June to 39,836 in July.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">Initiated forbearance plans decreased 5&#160;percent from 24,841&#160;in&#160;June to 23,481&#160;in July.&#160;The total number of loans in forbearance also&#160;decreased from 490,508&#160;at the end of June to&#160;438,550&#160;at the end of July, representing approximately 1.5% of the total loans serviced, and 55 percent of the total delinquent loans.<br></li></ul><h4>The Enterprises' Mortgage Performance&#58;</h4><ul style="border&#58;0px;font-stretch&#58;inherit;line-height&#58;inherit;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, 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;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">The 30-59 days delinquency rate decreased slightly to 0.68&#160;percent, while the serious delinquency rate declined to 1.86&#160;percent at the end of July.<br></li></ul><h4>The Enterprises' Foreclosures&#58;</h4><ul style="border&#58;0px;font-stretch&#58;inherit;line-height&#58;inherit;font-family&#58;&quot;segoe ui&quot;, segoe, tahoma, helvetica, arial, 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;font-size&#58;14px;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;">Third-party and foreclosure sales increased 5 percent to 796 while&#160;foreclosure starts dropped 10 percent to 1,813&#160;in July.</li></ul><h2 style="margin&#58;0px;font-weight&#58;900;font-family&#58;lato, sans-serif;color&#58;#404040;font-size&#58;22px;border&#58;0px;font-stretch&#58;inherit;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;">July&#160;2021 Highlights&#160;— Refinance Activities</h2><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;">Total refinance volume decreased in July 2021, after mortgage rates fell in June but remained above the lows observed in 2020. Mortgage rates fell in July&#58;&#160;the average interest rate on a 30-year fixed rate mortgage fell to 2.87&#160;percent from 2.98 percent in June.</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;">In July, 3&#160;refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 200.</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;">The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages continued at 28 percent in July as the difference between 15- and 30-year fixed rate mortgages steadily increased from the lows observed in late 2020, to 71 basis points in June.<br></li></ul>10/14/2021 3:01:01 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report - July 2021 Foreclosure 815https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - September 2021340479/28/2021 4:00:00 AM<p>​​House prices rose nationwide in July, up <strong>1.4 percent </strong>from the previous&#160;month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose <strong>19.2 percent</strong> from&#160;July 2020 to&#160;July 2021. The previously reported 1.6 percent&#160;price change for&#160;June 2021 was revised upward to 1.7 percent.​<br></p><div><p>For the <a href="/Media/PublicAffairs/PublicAffairsDocuments/FHFA-HPI-FAQs_3312021.pdf#page=9"><font color="#0066cc">nine census divisions</font></a>​, seasonally adjusted monthly house price changes from&#160;June 2021 to July 2021 ranged from <strong>+0.8 percent</strong> in the&#160;West North Central division to <strong>+1.9 percent </strong>in the South Atlantic&#160;division. The 12-month changes ranged from <strong>+15.6 percent</strong> in the West North Central division to<strong> +25.6 percent</strong> in the Mountain division.<br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1pt4-Percent-in-July-2021.aspx"><span><font color="#0066cc">​Related News Release​</font></span></a><br></p></div>11/17/2021 4:35:49 PMHome / About FHFA / Reports / U.S. House Price Index - September 2021 House Price Index 16437https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and Federal Property Manager's Report Second Quarter 2021363459/23/2021 4:00:00 AM<p>​2Q21&#160;Highlights —&#160;Foreclosure Prevention<br><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;vertical-align&#58;baseline;font-stretch&#58;inherit;font-weight&#58;700 !important;">The Enterprises' Foreclosure Prevention Actions&#58;</span></p><ul><li>The Enterprises completed 217,020 foreclosure prevention actions in the second quarter, bringing the total to 6,029,919 since the start of conservatorships in September 2008. Of these actions, 5,327,208 have helped troubled homeowners stay in their homes, including 2,468,534 permanent loan modifications.</li><li>Initiated forbearance plans dropped to 81,592 in the second quarter from 121,216 in the first quarter of 2021. The total number of loans in forbearance at the end of the quarter was 490,508, representing approximately 1.6% of the total loans serviced, and 58 percent of the total delinquent loans.</li><li>Twelve percent of modifications in the second quarter were modifications with principal forbearance. Modifications with extend-term only accounted for 63 percent of all loan modifications during the quarter.</li><li>There were 655 completed short sales and deeds-in-lieu during the quarter, bringing the total to 702,711 since the conservatorships began in September 2008. </li></ul><p style="padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;vertical-align&#58;baseline;font-stretch&#58;inherit;font-weight&#58;700 !important;">The Enterprises' Mortgage Performance&#58;</span></p><ul><li>The 60+ days delinquency rate dropped from 2.68 percent at the end of the first quarter to 2.14 percent at the end of the second quarter.&#160;The delinquency rates remained much higher than pre-coronavirus rates due to the forbearance programs being offered to borrowers affected by the pandemic.</li><li>The Enterprises' serious (90 days or more) delinquency rate decreased to 1.99 percent at the end of the second quarter. This compared with 9.48 percent for Federal Housing Administration (FHA) loans, 5.02 percent for Veterans Affairs (VA) loans, and 4.03 percent for all loans (industry average).</li></ul><p><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;vertical-align&#58;baseline;font-stretch&#58;inherit;font-weight&#58;700 !important;">The Enterprises' Foreclosures&#58;</span></p><p>Foreclosure starts dropped 32 percent to 6,233 while third-party and foreclosure sales increased 9 percent to 2,281 in the second quarter. </p><p><em style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-variant&#58;inherit;font-weight&#58;inherit;vertical-align&#58;baseline;font-stretch&#58;inherit;">For an interactive online map that provides state data, click on the following link&#58;&#160; <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx" target="_blank" style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#276598;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;600;vertical-align&#58;baseline;font-stretch&#58;inherit;"><strong><font color="#276598">Fannie Mae and Freddie Mac State Borrower Assistance Map</font></strong></a>​<br></em></p><span style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;background-color&#58;#ffffff;">​</span> <h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;font-family&#58;lato, sans-serif;font-size&#58;22px;font-weight&#58;900;vertical-align&#58;baseline;background-color&#58;#ffffff;">2Q21&#160;Highlights ​— Refinance Activities​​</h2><ul><li>Total refinance volume decreased in June 2021, after mortgage rates continued at levels above the lows observed in 2020. Mortgage rates rose in June&#58; the average interest rate on a 30-year fixed rate mortgage rose to 2.98 percent from 2.96 perent in May.</li><li>In the second quarter, 19 refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 197.</li><li>The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages continued at 28 percent in June as the difference between 15- and 30-year fixed rate mortgages steadily increased from the lows observed in late 2020, to 68 basis points in May.&#160; In June, the difference between 15- and 30-year fixed rate mortgages increased to 71 basis points.</li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-Releases-2nd-Quarter-2021-Foreclosure-Prevention-and-Refinance-Report.aspx">Related News Release</a></p>9/23/2021 3:00:56 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and Federal Property Manager's Report Second Quarter 2021 Of these actions, 5,327,208 have helped troubled 834https://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.


 




​Fannie Mae and Freddie Mac Datasets

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