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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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  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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 Related Information

 

 

FHFA Issues RFI on Short-Term Rental Units in Condominium, Cooperative, and Planned Unit Development Projects34133<p><strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) eligibility requirements for mortgages in condominium (condo), cooperative (co-op), and planned unit development (PUD) projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily for the purpose of vacation or recreational lodging. These projects are often informally referred to as &quot;condotels&quot; or resort condominiums. The information that FHFA is requesting through the RFI will help the Agency determine whether or not changes or clarifications to Enterprise policies are necessary to ensure more accurate and consistent project eligibility assessments.</p><p>“Today’s RFI will help FHFA take the appropriate steps to ensure that all sellers understand and apply the Enterprises’ eligibility requirements in a way that minimizes repurchase risk and the risk to the Enterprises,” said Director Mark Calabria.&#160;<br></p><p>​FHFA invites feedback on all aspects of the RFI within 60 days of publication, no later than July 5, 2021. Comments should be <a href="/AboutUs/Contact/Pages/Request-for-Information-Form.aspx" style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;">submitted electronically</a>&#160;or via mail to the Federal Housing Finance Agency, Office of Housing and Regulatory Policy, 400 7th Street SW, 9th floor, Washington, D.C., 20219.<br></p>​ <a href="/Media/PublicAffairs/PublicAffairsDocuments/RFI-Short-Term-Rental-Units.pdf"><strong>RFI&#160;</strong></a>5/6/2021 2:00:43 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) eligibility requirements for 1159https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces New Refinance Option for Low-Income Families with Enterprise-Backed Mortgages33940<p><strong>​​​​​​Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) announced today Fannie Mae and Freddie Mac (the Enterprises) will implement a new refinance option for low-income borrowers with Enterprise-backed single-family mortgages. Eligible borrowers will benefit from a reduced interest rate and lower monthly payment. FHFA estimates that borrowers who take advantage of the new refinance option could save an average of between $100 and $250 a month.&#160;&#160;</p><p>The new refinance option includes&#58;</p><ul><li>A requirement that the lender provides a savings of at least $50 in the borrower’s monthly mortgage payment, and at least a 50-basis point reduction in the borrower’s interest rate;</li><li>A maximum $500 credit from the lender for an appraisal if the borrower is not eligible for an appraisal waiver (the Enterprises will provide the lender a credit of $500 upon the loan<span style="font-style&#58;normal;">’</span>​s sale to an Enterprise); and&#160;</li><li>A waiver of the 50 basis point up-front <a href="/Media/PublicAffairs/Pages/Adverse-Market-Refinance-Fee-Implementation-Now-December-1.aspx">adverse market refinance fee</a> for borrowers with loan balances at or below $300,000.</li></ul><p>“Last year saw a spike in refinances, but more than 2 million low-income families did not take advantage of the record low mortgage rates by refinancing,” said Director Mark Calabria. “This new refinance option is designed to help eligible borrowers who have not already refinanced save between $1,200 and $3,000 a year on their mortgage payment.”&#160;<br></p><p>To qualify, a borrower must&#58;</p><ul><li>Have an Enterprise-backed 1-unit single-family mortgage that is owner-occupied;</li><li>Have an income at or below 80% of the area median income;</li><li>Have not missed a payment in the past six months, and no more than one missed payment in the past 12 months; and</li><li>Not have a mortgage with a loan-to-value ratio greater than 97%, a debt-to-income ratio above 65%, or a FICO score lower than 620.</li></ul><p>The Enterprises new refinance option will be available to eligible borrowers beginning this summer.&#160;<br></p><p><a href="/Media/PublicAffairs/PublicAffairsDocuments/Low-Income-Borrower-Refi_FactSheet_4282021.pdf">Link to Fact Sheet​​</a>​​<br></p>4/28/2021 2:01:02 PMEligible families on average would see monthly savings between $100 and $250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today Fannie Mae and Freddie Mac 11961https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Low-Income Borrower Refinance Option33942<table class="ms-rteTable-default" cellspacing="0" style="width&#58;100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="2" style="width&#58;50%;"><h4>​​​BACKGROUND<br></h4><h4></h4><p>On Wednesday, April 28, 2021, the Federal Housing Finance Agency (FHFA) announced that it is directing Fannie Mae and Freddie Mac (the Enterprises) to implement a new refinance option targeting low-income borrowers with Enterprise-backed single-family mortgages.</p><p>Despite the recent high levels of refinancing in the mortgage market, low-income borrowers have been less likely to take advantage of the favorably low mortgage interest rate environment than higher-income borrowers.&#160; This initiative is intended to encourage eligible&#160; low-income borrowers to refinance and lower both their interest rates and their monthly mortgage payments.<br></p><h4>BORROWER BENEFITS<br></h4><p>Borrowers eligible for this refinance option will benefit from a reduced interest rate and a lower monthly mortgage payment.&#160; This option will require that borrowers receive a meaningful benefit from refinaning&#58; a minimum of a 50 basis point reduction in their interest rate and savings of at least $50 in their monthly mortgage payment.&#160; In addition, borrowers will receive a maximum $500 credit from the lender if an appraisal is required.&#160; Finally, for loans with low-income borrowers and loan balances at or below $300,000, the Enterprises will waive the 50 basis point up-front adverse refinance market fee that the Enterprises otherwise charge to lenders.<br></p><h4>BORROWER ELIGIBILITY<br></h4><p>In order to be eligible for this option, a borrower must&#58;</p><ul><li>Have an Enterprise-backed mortgage on a 1-unit single-family property that is owner-occupied.</li><li>Have an income at or below 80% of the area median income.</li><li>Have no missed payments in the past six months, and no more than one missed payment in the past 12 months.</li><li>Not have a mortgage with a loan-to-value ratio greater than 97%, a debt-to-income ratio above 65%, or a FICO score lower than 620.</li></ul><p>Other eligibility restrictions apply and will be aligned across the Enterprises regardless of whether the borrower has a Fannie Mae-backed mortgage or a Freddie Mac-backed mortgage.<br></p><h4>IMPLEMENTATION<br></h4><p>The Enterprises plan to work with their respective lenders to make this option available to eligible borrowers as soon as possible.&#160; FHFA will work with the Enterprises and lenders to encourage robust marketing and outreach efforts to reach eligible borrowers and maximize participation rates for this refinancing option.<br></p></td></tr><tr class="ms-rteTableOddRow-default"></tr></tbody></table><p>​ <a href="/Media/PublicAffairs/Pages/FHFA-Announces-New-Refinance-Option-for-Low-Income-Families-with-Enterprise-Backed-Mortgages.aspx">Related News Release</a>​<br></p>4/28/2021 2:01:05 PMHome / Media / Low-Income Borrower Refinance Option Fact Sheet Despite the recent high levels of refinancing 204https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.9 Percent in February; Up 12.2 Percent from Last Year33118<p> <strong>​​Washington, D.C.</strong> – House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). &#160;House prices rose <strong>12.2 percent</strong> from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged.<br></p><p>For the nine census divisions, seasonally adjusted monthly house price changes from January 2021 to February 2021 ranged from <strong>+0.3 percent </strong>in the Middle Atlantic division to <strong>+1.6 percent</strong> in the Mountain division.&#160; The 12-month changes ranged from <strong>+10.5 percent </strong>in the West North Central division to <strong>+15.4 percent</strong> in the Mountain division.<br></p><p>&quot;Annual house price growth acheived a new record high in February&quot; said Dr. Lynn Fisher, FHFA's Deputy Director of the Division of Research and Statistics. &quot;The 12.2 percent gain represents an increase of $35,000 for a median-priced home that sold a year ago at $290,000 in the Enterprises' data.&quot;<br></p><p>The FHFA HPI is the nation's only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities that extend back to the mid-1970s.&#160; The FHFA HPI incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels.&#160; FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.<br></p><p>FHFA releases HPI data and reports on a quarterly and monthly basis.&#160; The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac.&#160; Additional indexes use other data including refinances, FHA mortgages, and real property records.&#160; All the indexes, including their historic values, and information about future HPI release dates are available on FHFA's website&#58; <a href="/HPI">https&#58;//www.fhfa.gov/HPI</a>.</p><p>FHFA will release its next HPI report on May 25, 2021 with data for the first quarter of 2021 and monthly data through March 2021.&#160;​</p>4/27/2021 1:00:21 PMWashington, D.C. – House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA 1047https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - April 202133805<p style="font-style&#58;normal;">House prices rose nationwide in February, up <strong>0.9 percent</strong> from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). &#160;House prices rose&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">12.2 percent</span>&#160;from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged.<br></p><p style="font-style&#58;normal;">For the <a href="/Media/PublicAffairs/PublicAffairsDocuments/FHFA-HPI-FAQs.pdf#page=9">nine census divisions</a>, seasonally adjusted monthly house price changes from January 2021 to February 2021 ranged from&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+0.3 percent&#160;</span>in the Middle Atlantic division to&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+1.6 percent</span>&#160;in the Mountain division.&#160;The 12-month changes ranged from&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+10.5 percent&#160;</span>in the West North Central division to&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">+15.4 percent</span>&#160;in the Mountain division.</p><p style="font-style&#58;normal;"><span style="font-style&#58;normal;"><a href="/Media/PublicAffairs/Pages/FHFA-HPI-Up-0pt9-Percent-in-Feb-Up-12pt2-Percent-from-Last-Yr.aspx">Related News Release</a></span>​</p>4/27/2021 1:00:26 PMHome / About FHFA / Reports / U.S. House Price Index - April 2021 House Price Index 2043https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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