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U.S. House Price Index - February 201711704<p>U.S. house prices rose in February according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From February 2016 to February 2017, house prices were up <strong>6.4 percent</strong>.&#160;</p><p>For the nine census divisions, seasonally adjusted monthly price changes from January 2017 to February 2017 ranged from -0.1 percent in the South Atlantic division to +1.8 percent in the East South Central division.&#160; The 12-month changes were all positive, ranging from +4.6 percent in the Middle Atlantic division to +9.5 percent 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-0pt8-Percent-in-February-2017.aspx">Related News Release</a></p>4/25/2017 1:01:00 PM346https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - February 201711574<h3>​February 2017 Highlights</h3><p>Total refinance volume fell in February 2017 as mortgage rates in January remained over half a percent higher than the levels observed in November 2016. Mortgage rates increased in February&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 4.17 percent from 4.15 percent in January.</p><p>In February 2017&#58;</p><ul><li> Borrowers completed 4,198 refinances through HARP, bringing total refinances from the inception of the program to 3,456,422. </li><li>HARP volume represented 3 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 February 2017&#58;</p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent&#160; accounted for 18 percent of the volume of HARP loans.</li><li>Twenty three 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 6 or more percent of total refinances in Nevada and Florida, double the 3 percent of total&#160; refinances nationwide over the same period.</li></ul><p> Borrowers who refinanced through HARP had a lower delinquency&#160; rate compared to borrowers eligible for HARP who did not refinance&#160; 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 September 30, 2016. </p>4/13/2017 3:00:12 PM237https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - January 201711560<h3>January 2017 Highlights</h3><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong> </p><ul><li>The Enterprises completed 14,558 foreclosure prevention actions in January 2017, bringing the total to 3,847,918 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 9,405 permanent loan modifications in January, bringing the total to 2,031,726 since the conservatorships began in September 2008.</li><li>The share of modifications with principal forbearance decreased to 19 percent during the month. Modifications with extend-term only increased to 44 percent due to continuing improvement in house prices.<br></li><li>There were 1,615 short sales and deeds-in-lieu completed in January, down 5 percent compared with December.</li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong><br> </p><ul><li>The serious delinquency rate remained flat at 1.12 percent at the end of January.</li></ul><p><strong> The Enterprises' Foreclosures&#58;</strong><br> </p><ul><li>Third-party and foreclosure sales increased 16 percent from 5,764 in December to 6,705 in January. </li><li>Foreclosure starts increased 10 percent from 15,133 in December to 16,604 in January.</li></ul>4/12/2017 3:00:25 PM223https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Office of Minority and Women Inclusion Annual Report to Congress - 201623030FHFA established an Office of Minority and Women Inclusion (OMWI) in accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act).&#160;&#160;FHFA’s OMWI is responsible for leading the Agency’s efforts to advance diversity and inclusion and developing standards for&#58;<p>&#160;</p><ul><li>Equal employment opportunity (EEO) and the racial, ethnic, and gender diversity of the Agency’s workforce and senior management;<br></li><li>Increased participation of minority- and women-owned businesses (MWOBs) in Agency programs and contracts; and<br></li><li>Assessing the diversity policies and practices of the regulated entities.<br></li></ul><p>Section 1116(f) of HERA also requires the Agency to seek diversity in its workforce, at all levels, consistent with the demographic diversity of the United States.&#160;This report highlights the programs, initiatives, and practices the Agency implemented during 2016 to&#58;</p><div><ul><li>Advance diversity and ensure inclusion within its workforce;<br></li><li>Provide opportunities for the inclusion and utilization of MWOBs in all of the Agency’s business activities; and<br></li><li>Supervise the regulated entities’ efforts to promote diversity and ensure inclusion in their respective organizations.</li></ul></div>3/31/2017 3:13:29 PM451https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2016 Scorecard Progress Report22961<p>​This Progress Report summarizes major activities of Fannie Mae and Freddie Mac in 2016 that contributed to achieving FHFA's strategic objectives as conservator of the Enterprises.&#160; FHFA set forth three such objectives in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (2014 Conservatorship Strategic Plan) issued on May 13, 2014&#58; <strong>Maintain</strong>, <strong>Reduce</strong>, and <strong>Build</strong>. </p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2016-Scorecard-for-Fannie-Mae-and-Freddie-Mac.aspx">Link to Related New Release</a> </p>3/29/2017 5:21:12 PM1332https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Credit Risk Transfer Progress Report22942<p>​<span aria-hidden="true"></span>This <em>Credit Risk Transfer Progress Report</em> is in a new format, which provides data, definitions, and FHFA's core principles in overseeing the Enterprise CRT programs in one place. The report will be updated regularly. <span aria-hidden="true"></span></p><p>The report shows that in 2016 the Enterprises transferred $18 billion of credit risk on $548 billion of mortgages with an unpaid principal balance (UPB) through capital markets, insurance, and pilot credit risk transfer (CRT) transactions.&#160; This brings the total since the program began in 2013 to almost $49 billion of credit risk transferred on $1.4 trillion UPB.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Updates-Progress-on-Fannie-Mae-and-Freddie-Mac-Credit-Risk-Transfer-Programs.aspx">Related News Release</a></p>3/27/2017 5:30:47 PM396https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Fourth Quarter 201622919<h3>​Fourth Quarter 2016 Highlights</h3><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 45,472 foreclosure prevention actions in the fourth quarter of 2016, bringing the total to 3,833,360 since the start of conservatorships in September 2008. Of these actions, 3,167,294 have helped troubled homeowners stay in their homes including 2,022,321 permanent loan modifications.</li><li>The share of modifications with principal forbearance increased to 25 percent. Modifications with extend-term only accounted for 40 percent of all loan modifications in the fourth quarter due to improved house prices and expiration of the Home Affordable Modification Program (HAMP).</li><li>As of December 31, 2016, approximately 22 percent of loans modified in the fourth quarter of 2015 had missed two or more payments, one year after modification.</li><li>There were 5,415 completed short sales and deeds-in-lieu during the quarter, bringing the total to 666,066 since the conservatorships began in September in 2008.</li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong></p> <strong></strong> <ul><li> The number of 60+ days delinquent loans declined slightly to 420,709 at the end of the fourth quarter, the lowest level since 2008. &#160;</li><li>The Enterprises' serious delinquency rate fell to 1.1 percent at the end of the fourth quarter, the lowest level since June of 2008. This compared with 4.6 percent for Federal Housing Administration (FHA) loans, 2.4 percent for Veterans Affairs (VA) loans, and 3.1 percent for all loans (industry average).</li></ul><p> <strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Foreclosure starts increased 2 percent to 52,393 while third-party and foreclosure sales fell 14 percent to 18,347 in the fourth quarter.</li></ul><p> <span aria-hidden="true"></span>For an interactive online map that provides state data, click on the following link&#58; <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx"> <em> Fannie Mae and Freddie Mac State&#160;Borrower Assistance Map</em></a><em>&#160;<span aria-hidden="true"></span></em></p><p> <a href="/Media/PublicAffairs/Pages/FHFA-Fourth-Quarter-Foreclosure-Prevention-Report--Foreclosure-Preventions-Surpass-3-8-Million.aspx">Related News Release</a></p>3/23/2017 3:30:15 PM279https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
An Update on Implementation of the Single Security and the Common Securitization Platform - March 201722923<p>​FHFA, the Enterprises, and Common Securitization Solutions (CSS) are committed to developing the Single Security Initiative and the Common Securitization Platform (CSP) in a transparent manner.&#160; This commitment includes the regular release by FHFA of public updates to provide information to, and solicit feedback from, policymakers, market participants, and the public.</p><p>This <em>Update</em> reiterates our commitment to transparency by addressing topics that stakeholders have indicated are important to the industry and policymakers&#58;</p><ul style="list-style-type&#58;disc;"><li>The implementation of Release 1 of the&#160;CSP; </li><li>The planned implementation timeframe for Release 2 of the CSP, which will coincide with trading in and issuance of Uniform Mortgage-Backed Securities (UMBS) and related resecuritizations;</li><li>Milestones that the Enterprises and Common Securitization Solutions have achieved since the July 2016 <a href="/AboutUs/Reports/ReportDocuments/Implementation-of-the-SS-and-the-CSP_772016.pdf"> <strong> <em> Update on Implementation of the Single Security and the Common Securitization Platform</em></strong></a>&#160;<em>(July 2016 Update)</em> and that are integral to implementation of Releases 1 and 2 of the CSP and the implementation of the Single Security Initiative; </li><li>The steps FHFA will take to review potential changes to Enterprise programs, policies, and practices, and to monitor and address any corresponding effects on the prepayment speeds and relative pricing of the Enterprises' mortgage-backed securities; and</li><li>The costs of building and running the CSP.</li></ul><p> <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Timing-for-Implementation-of-Release-2-of-the-Common-Securitization-Platform.aspx">Related News Release</a></p>3/23/2017 4:00:14 PM447https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - January 201722903<p>U.S. house prices remained flat in&#160;January according to the FHFA seasaonally adjusted monthly House Price Index (HPI). From&#160;January 2016 to&#160;January 2017, house prices were up<strong> 5.7&#160;percent</strong>.&#160; </p><p>For the nine census divisions, seasonally adjusted monthly price changes from December 2016 to January 2017 ranged from -2.0 percent in the East South Central division to +0.6 percent in the Pacific division. The 12-month changes were all positive, ranging from +3.5 percent in the East South Central division to +8.3 percent 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-Remains-Flat-in-January-2017.aspx">Related News Release</a></p>3/22/2017 1:00:25 PM2788https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - January 201722856<h1>January 2017 Highlights</h1><p>Total refinance volume fell in January 2017 as mortgage rates&#160;continued to increase in December. Mortgage rates decreased in January&#58; the average interest rate on a 30‐year fixed rate mortgage fell to 4.15 percent from 4.20 percent in December. </p><p>Additional January highlights include the following&#58; </p><ul><li>Borrowers completed 4,553 refinances through HARP, bringing total refinances from the inception of the program to 3,452,224. </li><li>HARP volume represented 2 percent of total refinance volume. </li><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 16 percent of the volume of HARP loans. </li><li>Five percent of the loans refinanced through HARP had a loan-to‐value ratio greater than 125 percent.</li><li>Seventeen 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 4 or more percent of total refinances in Nevada, Arizona, Florida, Georgia, and Illinois,<br> double the 2 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.<br> Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2016.</p>3/16/2017 3:02:51 PM455https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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