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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 PM209https://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 PM207https://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 PM267https://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 PM2629https://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 PM444https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 4Q 201622209<p>U.S. house prices rose<strong> 1.5 percent </strong>in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016.&#160; FHFA's seasonally adjusted monthly index for December was up 0.4 percent from November.&#160; </p><p>The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. &#160;FHFA has produced a <a href="https&#58;//www.youtube.com/watch?v=Nmhyu_hukHA&amp;t=1s">video of highlights</a> for this quarter.&#160; </p><p><strong>Significant Findings</strong></p><ul><li>&#160;Home prices rose in 46 states and the District of Columbia between the fourth quarter of 2015 and the fourth quarter of 2016.&#160; The top five states in annual appreciation were&#58; &#160;1) Oregon 11.0 percent; 2) Colorado 10.6 percent; 3) Florida 10.4 percent; 4) Washington 10.2 percent; and 5) Nevada 8.9 percent.<br></li><li>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Tampa-St. Petersburg-Clearwater, FL, where prices increased by 13.2 percent.&#160; Prices were weakest in Wilmington, DE-MD-NJ (MSAD), where they fell 1.8 percent.</li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 2.1 percent quarterly increase and a 8.0 percent increase since the fourth quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.9 percent from the last quarter. </li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt5-Percent-in-Fourth-Quarter.aspx">Related News Release</a></p>2/23/2017 2:00:48 PM4158https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Fourth Quarter 201621923<h2>Fourth Quarter 2016 Highlights </h2><p> Total refinance volume fell in December 2016 as mortgage rates increased in November. Mortgage rates increased further in December&#58; the average interest rate on a 30‐year fixed rate mortgage was 4.20 percent. </p><p> In the fourth quarter of 2016&#58; </p><ul><li>Borrowers completed 13,220 refinances through HARP,bringing total refinances from the inception of the program to 3,447,671. </li><li>HARP volume represented 2 percent of total refinance volume.</li></ul><p> Year to date through December 2016&#58; </p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans. </li><li>Twenty‐seven 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, Florida, and Georgia, double the 3 percent of total refinances nationwide over the same period.</li></ul><p> In December, seven percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent. Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance&#160;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.<br><a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-Fourth-Quarter.aspx">Related News Release</a><br> </p>2/15/2017 8:00:37 PM434https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - November 201621130<h2>November 2016 Highlights</h2><p>​<strong>The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul><li> The Enterprises completed 15,576 foreclosure prevention actions in November 2016, bringing the total to 3,817,834 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 9,837 permanent loan modifications in November, bringing the total to 2,012,742 since the conservatorships began in September 2008. </li><li>The share of modifications with principal forbearance increased to 29 percent while modifications with extend-term only decreased to 38 percent in November. </li><li> There were 1,941 short sales and deeds-in-lieu completed in November, up 10 percent compared with October. </li></ul><p> <strong>The Enterprises' Mortgage Performance&#58; </strong> </p><ul><li>The serious delinquency rate increased slightly from 1.14 percent at the end of October to 1.15 percent at the end of November. </li></ul><p><strong>The Enterprises' Foreclosures&#58; </strong></p><ul><li> Third-party and foreclosure sales increased 6 percent from 6,094 in October to 6,489 in November. </li><li>Foreclosure starts decreased 6 percent from 19,194 in October to 18,066 in November. </li></ul>2/9/2017 4:00:50 PM378https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - November 201621027<p>​The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;November from the previous month.&#160;&#160;From&#160;November 2015 to&#160;November 2016, house prices were up&#160;6.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October 2016 to&#160;November 2016 ranged from&#160;-0.2&#160;percent in the&#160;South Atlantic division to +1.5&#160;percent in the&#160;Pacific division.&#160; The 12-month changes were all positive, ranging from +4.7&#160;percent in the&#160;Middle Atlantic&#160;division to +7.7&#160;percent in the&#160;Pacific 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/House-Price-Index-Up-0pt5-Percent-November.aspx">Related News Release </a></p>2/6/2017 9:05:07 PM2622https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - October 201622282<h2>​October 2016 Highlights</h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58; &#160;&#160;&#160;</strong></p><ul><li> The Enterprises completed 14,370 foreclosure prevention actions in October 2016, bringing the total to 3,802,258 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 9,213 permanent loan modifications in October, bringing the total to 2,002,905 since the conservatorships began in September 2008. </li><li>The share of modifications with principal forbearance increased to 21 percent. Modifications with extend-term only remained high at 41 percent of all permanent modifications due to improved house prices and a declining HAMP eligible population. </li><li>There were 1,771 short sales and deeds-in-lieu completed in October, down 8 percent compared with September. </li></ul><p><strong>The Enterprises' Mortgage Performance&#58; </strong></p><ul><li> The serious delinquency rate fell from 1.16 percent at the end of September to 1.14 percent at the end of October. </li></ul><p><strong>The Enterprises' Foreclosures&#58; </strong></p><ul><li> Third-party and foreclosure sales decreased 13 percent from 6,975 in September to 6,094 in October. Foreclosure starts increased 15 percent from 16,744 in September to 19,194 in October. </li></ul>1/19/2017 4:00:49 PM483https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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