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Welcome to the Industry page of FHFA’s website.  This page provides consolidated resources for small and large companies, trade groups, advocacy organizations, vendors, originators, servicers, investors, and mortgage insurers, among others who are interested in the nation’s housing finance system. 

 

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  1. Read the latest FHFA News.

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  3. Download historical MIRS data. (Discontinued as of 5/29/2019. FHFA designated an adjusted version of Freddie Mac’s 30-yr FRM Primary Mortgage Market Survey (PMMS), called “PMMS+”, as the replacement for the MIRS ARM Index. FHFA will be announcing this index value on the final Thursday of every month.)

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FHFA Extends Foreclosure and REO Eviction Moratoriums 27905<p><strong>​​Washington, D.C.</strong> – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020.&#160; The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums&#160;were set to expire on August 31, 2020.&#160;</p><p>“To help keep borrowers in their homes during the pandemic, FHFA is extending the Enterprises' foreclosure and eviction moratoriums through the end of 2020,&quot; said Director Mark Calabria. “This protects more than 28 million homeowners with an Enterprise-backed mortgage.&quot;</p><p>Currently, FHFA projects additional expenses of $1.1 to 1.7 billion will be borne by the Enterprises due to the existing COVID-19 foreclosure moratorium and its extension. FHFA will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed. To understand the protections and assistance offered by the government to those having trouble paying their mortgage, please visit the joint Department of Housing and Urban Development, FHFA, and the Consumer Financial Protection Bureau website at <a href="http&#58;//www.cfpb.gov/housing">cfpb.gov/housing</a>.​</p>8/27/2020 2:00:12 PMHome / Media / FHFA Extends Foreclosure and REO Eviction Moratoriums News Release 18529https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Further Extends Buying Loans in Forbearance & COVID-Related Loan Processing Flexibilities28483<p> <strong>Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30, 2020.&#160; The changes are<sup> </sup>to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on August 31, 2020.</p><p>“Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic,&quot; said Director Mark Calabria.</p><p>Extended flexibilities include&#58;</p><ul><li> <a href="/Media/PublicAffairs/Pages/Temporary-Policy-Allowing-Purchase-of-Qualified-Loans-in-Forebearance-Extended.aspx">Buying qualified loans in forbearance</a>;</li><li> <a href="/Media/PublicAffairs/Pages/FHFA-Extends-COVID-Related-Loan-Processing-Flexibilities-for-Fannie-Mae-and-Freddie-Mac-Customers-Through-August.aspx">Alternative appraisals on purchase and rate term refinance loans</a>;</li> <li>Alternative methods for documenting income and verifying employment before loan closing; and</li><li>Expanding the use of power of attorney to assist with loan closings.</li></ul>8/26/2020 7:00:50 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance 7598https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Prices Up 5.4 Percent from Last Year; Prices Rise 0.8 Percent in Second Quarter Despite COVID28463<p> <strong>​​Washington, D.C.</strong> – U.S. house prices rose<strong> 5.4 percent</strong> from the second quarter of 2019 to the&#160;second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up<strong> 0.8 percent </strong>in the second quarter of 2019. FHFA’s seasonally&#160;adjusted monthly index for June was up<strong> 0.9 percent </strong>from May.<br></p><div><p>“Home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite&#160;the impacts of COVID-19.” said Dr. Lynn Fisher, Deputy Director of the Division of Research and&#160;Statistics at FHFA. “Although house prices fell slightly in May relative to April, in June prices&#160;rebounded by 0.9 percent over the month as local economies re-opened and transactions picked up&#160;again. Four Census Divisions showed strong early summer gains with month over month growth of one percent or more in June.”<br></p><p>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/BCaHwLXe3Kc">https&#58;//youtu.be/BCaHwLXe3Kc</a>.&#160;<br></p><p> <strong>Significant Findings</strong><br></p><ul><li>House prices have risen for 36 consecutive quarters, or since September 2011.</li><li>House prices rose in all 50 states and the District of Columbia between the second&#160;quarters of 2019 and 2020. The top five areas in annual appreciation were&#58; 1) <strong>Idaho&#160;</strong>10.8 percent; 2) <strong>Arizona </strong>9.1 percent; 3) <strong>Washington </strong>8.6 percent; 4) <strong>Utah </strong>8.1&#160;percent; and 5) <strong>New Mexico</strong> 7.7 percent. Idaho has been the leading state for the last 7&#160;quarters. The areas showing the lowest annual appreciation were&#58; 1) <strong>West Virginia</strong>&#160;1.1 percent; 2) <strong>North Dakota</strong> 1.1 percent; 3) <strong>District of Columbia</strong> 1.4 percent; 4)&#160;<strong>Illinois </strong>2.5 percent; and 5) <strong>Alaska </strong>2.6 percent.<br></li><li>House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters. Annual price increases were greatest in <strong>Urban Honolulu, HI</strong>,&#160;where prices increased by 11.7 percent. Prices were weakest in <strong>San Francisco-San&#160;Mateo-Redwood City, CA</strong> (MSAD), where they decreased by 0.3 percent.</li><li>Of the nine census divisions, the <strong>Mountain </strong>division experienced the strongest four&#160;quarter&#160;appreciation, posting a 7.0 percent gain between the second quarters of 2019&#160;and 2020 and a 0.9 percent increase in the second quarter of 2020. The Mountain&#160;division has been the leading region for 11 consecutive quarters. Annual house price&#160;appreciation was weakest in the <strong>Middle Atlantic</strong> division, where prices rose by 4.5&#160;percent between the second quarters of 2019 and 2020.</li><li>Trends in the Top 100 Metropolitan Statistical Areas are available through our&#160;interactive dashboard <a href="/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx">https&#58;//www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-​100-Metro-Area-Rankings.aspx</a>. The first tab displays rankings while the second tab&#160;offers charts.</li></ul></div><p>FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure&#160;changes in single-family house prices based on data that cover all 50 states and over 400 American&#160;cities and extend back to the mid-1970s. The HPIs are built from tens of millions of home sales and&#160;offer insights about house price fluctuations at the national, census division, state, metro area,&#160;county, ZIP code, and census tract levels. The FHFA HPIs use a fully transparent methodology&#160;based upon a weighted, repeat-sales statistical technique to analyze transaction data from Fannie&#160;Mae and Freddie Mac. FHFA releases data and reports on a quarterly and monthly basis. The&#160;flagship FHFA HPI uses seasonally adjusted, purchase-only data, unless otherwise noted.<br></p><p>Additional indexes are based on other data including refinances, FHA mortgages, and real property&#160;records. All the indexes are available on the FHFA website.<br></p><p>Tables and graphs showing home price statistics for metropolitan areas, states, census divisions,&#160;and the U.S. are included on the following pages.</p><p> <strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">Note</strong></p><ul><li>The next monthly HPI report (including data through July 2020) will be released&#160;September 23, 2020 and the next quarterly HPI report (including data for the third quarter&#160;of 2020 and monthly data for September) will be released November 24, 2020.</li><li>FHFA HPI release dates for the remainder of 2020 and newly announced dates for 2021 are&#160;available at<a href="/HPI"> https&#58;//www.fhfa.gov/HPI</a>.</li><li>The FHFA HPI Calculator is a popular tool to compare price changes in different housing&#160;markets. A revised version is available at <a href="/DataTools/Tools/Pages/HPI-Calculator.aspx">https&#58;//www.fhfa.gov/DataTools/Tools/Pages/HPI-Calculator.aspx</a>.</li><li>Follow <a href="https&#58;//twitter.com/FHFA">@FHFA</a>&#160;on Twitter, <a href="https&#58;//www.linkedin.com/company/354523">LinkedIn</a>, <a href="https&#58;//www.facebook.com/FHFA/%e2%80%9d">Facebook,&#160;</a> and <a href="https&#58;//www.youtube.com/channel/UCoKP7Om6nsRkEav9yInFekw">YouTube</a>&#160;for more HPI news.​​​<br></li></ul>8/25/2020 1:08:22 PMWashington, D.C. – U.S. house prices rose 5.4 percent from the second quarter of 2019 to the second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House 1724https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2020 Q2 / June28464<p><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">​Washington, D.C.</strong> – U.S. house prices rose 5.4 percent from the second quarter of 2019 to the&#160;second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up 0.8 percent in the second quarter of 2019. FHFA’s seasonally&#160;adjusted monthly index for June was up 0.9 percent from May.<br></p><p>“Home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite the impacts of COVID-19.” said Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. “Although house prices fell slightly in May relative to April, in June prices rebounded by 0.9 percent over the month as local economies re-opened and transactions picked up again. Four Census Divisions showed strong early summer gains with month-over-month growth of one percent or more in June.” </p><div>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/BCaHwLXe3Kc">https&#58;//youtu.be/BCaHwLXe3Kc</a>.</div><div><br>&#160;</div><div><a href="/Media/PublicAffairs/Pages/US-House-Prices-Up-5pt4-Pct-from-Last-Year-Prices-Rise-0pt8-Pct-in-2nd-Quarter-Despite-COVID.aspx">Related News Release</a><br></div>8/25/2020 1:00:08 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2020 Q2 / June House Price Index 2849https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Adverse Market Refinance Fee Implementation now December 128474<p>​<strong>Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac (the Enterprises) to delay the implementation date of their Adverse Market Refinance Fee until December 1, 2020. The fee was previously scheduled to take effect September 1, 2020.&#160;</p><p>FHFA is also announcing that the Enterprises will exempt refinance loans with loan balances below $125,000, nearly half of which are comprised of lower income borrowers at or below 80% of area median income. Affordable refinance products, Home Ready and Home Possible, are also exempt.</p><p>The fee is necessary to cover projected COVID-19 losses of at least $6 billion at the Enterprises. Specifically, the actions taken by the Enterprises during the pandemic to protect renters and borrowers are conservatively projected to cost the Enterprises at least $6 billion and could be higher depending on the path of the economic recovery. </p><p>Those expenses are expected to at least include&#58;</p><ul><li>$4 billion in loan losses due to projected forbearance defaults; </li><li>$1 billion in foreclosure moratorium losses; and </li><li>$1 billion in servicer compensation and other forbearance expenses. </li></ul> <p dir="ltr" style="text-align&#58;left;">FHFA has a statutory responsibility to ensure safety and soundness at the Enterprises through prudential regulation. The Enterprises' Congressional Charters require expenses to be recovered via income, allowing the Enterprises to continue helping those most in need during the pandemic.&#160;&#160;</p><p dir="ltr" style="text-align&#58;left;">Throughout the pandemic to protect borrowers and renters while supporting the mortgage market, FHFA allowed the Enterprises to&#58;&#160;</p><ul dir="ltr"><li><div style="text-align&#58;left;">Offer forbearance on multifamily and single-family mortgages;</div></li><li><div style="text-align&#58;left;">Buy loans in forbearance;</div></li><li><div style="text-align&#58;left;">Modify mortgage terms to reduce monthly payments and simplify repayment options;</div></li><li><div style="text-align&#58;left;">Provide protections for tenants in properties in forbearance; and</div></li><li><div style="text-align&#58;left;">Provide loan processing flexibility.</div></li></ul>8/25/2020 8:01:07 PMHome / Media / Adverse Market Refinance Fee Implementation now December 1 News Release 57304https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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