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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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FHFA Extends COVID-19 Multifamily Forbearance through June 30, 202132988<p> <strong>Washington, D.C. </strong>– Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire March 31, 2021.</p><p>“COVID-19 continues to financially impact Americans across the country, thereby hindering many tenants' ability to pay their rent. To help tenants in financial distress and property owners, FHFA is extending the multifamily COVID-19 forbearance and tenant protections through the end of June 2021,&quot; said Director Mark Calabria. </p><p>Property owners with Enterprise-backed multifamily mortgages can enter a new or, if qualified, modified forbearance if they experience a financial hardship due to the COVID-19 emergency. Property owners who enter into a new or modified forbearance agreement must&#58;</p><ul><li>Inform tenants in writing about tenant protections available during the property owner's forbearance and repayment periods; and</li><li>Agree not to evict tenants solely for the nonpayment of rent while the property is in forbearance.</li></ul><p>Additional tenant protections apply during the repayment periods. These protections include&#58;</p><ul style="list-style-type&#58;disc;"><li>Giving tenants at least a 30-day notice to vacate;</li><li>Not charging tenants late fees or penalties for nonpayment of rent; and</li><li>Allowing tenant flexibility in the repayment of back-rent over time, and not necessarily in a lump sum.</li></ul><p>In addition to requiring written tenant notification, the Enterprises have posted the tenant protections to their respective online multifamily property lookup tool websites. The property lookup tools make it easier for tenants to find out if the multifamily property in which they reside has an Enterprise-backed mortgage.</p><p>These actions are just the latest steps FHFA has taken to benefit renters, property owners and the mortgage market during the pandemic. FHFA will continue to monitor the data and the coronavirus' impact on tenants, borrowers, and the mortgage market and update policies as needed. FHFA may extend or sunset its policies based on updated data and health risks. Homeowners and renters can visit&#160;<a href="https&#58;//www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/">consumerfinance.gov/housing</a>&#160;for up-to-date information on their relief options, protections, and key deadlines.</p>3/4/2021 6:00:41 PMHome / Media / FHFA Extends COVID-19 Multifamily Forbearance through June 30, 2021 News Release https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Extends COVID-19 Forbearance Period and Foreclosure and REO Eviction Moratoriums32820<p> <strong>​Washington, D.C.</strong> – Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government. </p><p>FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until June 30, 2021. 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 were set to expire on March 31, 2021.</p><p>FHFA also announced that borrowers with a mortgage backed by Fannie Mae or Freddie Mac may be eligible for an additional three-month extension of COVID-19 forbearance. This additional three-month extension allows borrowers to be in forbearance for up to 18 months.&#160; Eligibility for the extension is limited to borrowers who are in a COVID-19 forbearance plan as of February 28, 2021, and other limits may apply.&#160; Further, COVID-19 Payment Deferral for borrowers with an Enterprise-backed mortgage can now cover up to 18 months of missed payments. COVID-19 Payment Deferral allows borrowers to repay their missed payments at the time the home is sold, refinanced, or at mortgage maturity. </p><p>“Borrowers and the housing finance market alike can benefit during the pandemic from the consistent treatment of mortgages regardless of who owns or backs them. From the start of the pandemic, FHFA has worked to keep families safe and in their home, while ensuring the mortgage market functions as efficiently as possible. Today’s extensions of the COVID-19 forbearance period to 18 months and foreclosure and eviction moratoriums through the end of June will help align mortgage policies across the federal government,” said Director Mark Calabria.</p><p>These actions are just the latest steps FHFA has taken to benefit homeowners and the mortgage market during the pandemic. FHFA continues to monitor the effect of the COVID-19 servicing policies on borrowers, the Enterprises and their counterparties, and the mortgage market.&#160; FHFA may extend or sunset its policies based on updated data and health risks. Homeowners and renters can visit&#160;<a href="https&#58;//www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/">consumerfinance.gov/housing</a>&#160;for up-to-date information on their relief options, protections, and key deadlines. </p> <font color="#000000" face="Times New Roman" size="3"> </font>2/25/2021 3:00:14 PMAligns COVID-19 mortgage relief policies across the federal government Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced extensions of several measures 6729https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Prices Rise 10.8 Percent over the Last Year; Up 3.8 Percent in the Fourth Quarter31847<p> <strong>​​Washington, D.C. </strong>– U.S. house prices rose <strong>10.8 percent</strong> from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up <strong>3.8 percent</strong> compared to the third quarter of 2020. FHFA's seasonally adjusted monthly index for December was up <strong>1.1 percent</strong> from November.</p><p>“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA HPI,&quot; said Dr. Lynn Fisher, Deputy Director of FHFA's Division of Research and Statistics. “Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic. In particular, house prices in western states and cities saw the highest rates of growth, where annual gains often rose above 10 percent.&quot;</p><p>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/kF8KSDAstbE">https&#58;//youtu.be/kF8KSDAstbE</a>​.​<br></p><p> <strong>Significant Findings</strong></p><ul><li>House prices have risen for 38 consecutive quarters, or since September 2011.</li><li>House prices rose in all 50 states and the District of Columbia between the fourth quarters of 2019 and 2020.&#160; The top five areas in annual appreciation were&#58; 1) <strong>Idaho </strong>21.1 percent; 2) <strong>Montana </strong>15.5 percent; 3) <strong>Utah </strong>15.4 percent; 4) <strong>Arizona</strong> 14.1 percent; and 5) <strong>Connecticut </strong>14.1 percent. &#160;Idaho has been the leading state for the last 9 quarters.&#160; The areas showing the lowest annual appreciation were&#58; 1) <strong>District of Columbia</strong> 1.5 percent; 2) <strong>Louisiana </strong>5.9 percent; 3) <strong>Hawaii</strong> 6.1 percent; 4) <strong>North Dakota</strong> 6.7 percent; and 5) <strong>Illinois</strong> 7.7 percent.</li><li>House prices rose in all the top 100 largest metropolitan areas in the U.S. over the last four quarters. &#160;Annual price increases were greatest in <strong>Boise City, ID,</strong> where prices increased by 23.4 percent.&#160; Prices were weakest in S<strong>an Francisco-San Mateo-Redwood City, CA (MSAD)</strong>, where they increased by 2.4 percent.</li><li>Of the nine census divisions, the <strong>Mountain </strong>division experienced the strongest four-quarter appreciation, posting a 13.3 percent gain between the fourth quarters of 2019 and 2020 and a 4.6 percent increase in the fourth quarter of 2020. &#160;The Mountain division has been the leading region for 13 consecutive quarters.&#160; Annual house price appreciation was weakest in the <strong>West South Central </strong>division, where prices rose by 8.6 percent between the fourth quarters of 2019 and 2020.</li><li>Trends in the Top 100 Metropolitan Statistical Areas are available through our interactive dashboard&#58; <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 offers charts.</li></ul><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.</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>.<br></p><p>Tables and graphs showing home price statistics for metropolitan areas, states, census divisions, and the U.S. are included on the following pages. </p><p> <strong>Note</strong></p><ul><li>The U.S. Patent and Trademark Office approved two new federally registered trademarks&#58; “FHFA House Price Index®&quot; and “FHFA HPI®.&quot; The trademarks help FHFA protect its branding, usage, and intellectual property. Users should include the trademark symbol when possible.</li><li>The next monthly HPI report (including data through January 2021) will be released&#160;March 30, 2021 and the next quarterly HPI report (including data for the first quarter of 2021 and monthly data for March) will be released May 25, 2021.</li><li>Release dates for 2021 are posted at <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx#ReleaseDates">https&#58;//www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index.aspx#ReleaseDates</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="/Media/PublicAffairs/Pages/”https&#58;//www.facebook.com/FHFA/”">Facebook,</a>&#160;and <a href="https&#58;//www.youtube.com/channel/UCoKP7Om6nsRkEav9yInFekw">YouTube</a>&#160;for more HPI news.​​</li></ul>2/23/2021 2:00:41 PMWashington, D.C. – U.S. house prices rose 10.8 percent from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House 1708https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2020 Q431848<p> <strong>Washington, D.C. </strong>– U.S. house prices rose <strong>10.8 percent </strong>from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up <strong>3.8 percent </strong>compared to the third quarter of 2020. FHFA's seasonally adjusted monthly index for December was up <strong>1.1 percent </strong>from November.</p><p>“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA HPI,&quot; said Dr. Lynn Fisher, Deputy Director of FHFA's Division of Research and Statistics. “Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic. In particular, house prices in western states and cities saw the highest rates of growth, where annual gains often rose above 10 percent.&quot;</p><p>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/kF8KSDAstbE">https&#58;//youtu.be/kF8KSDAstbE</a>.</p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-10pt8-Percent-over-the-Last-Year-Up-3pt8-Percent-in-4Q.aspx">Related News Release</a>​ </p>2/23/2021 2:00:43 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2020 Q4 House Price Index 4034https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance and FPM Report - November 202031629<h2>​​​November 2020&#160;Highlights - Foreclosure Prevention</h2><div> <strong></strong>&#160;</div><div> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></div><div><ul><li>The Enterprises completed 107,609 foreclosure prevention actions in November, bringing&#160;the total to 5,499,159 since the start of the conservatorships in September 2008.&#160;Approximately 44 percent of these actions have been permanent loan modifications.</li><li>There were 2,624 permanent loan modifications in November, bringing the total to&#160;2,437,133 since the conservatorships began in September 2008.<br></li><li>Fourteen&#160;percent of modifications in November were modifications with principal&#160;forbearance. Modifications with extend-term only accounted for 68 percent of all loan&#160;modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19&#160;related forbearance plan increased from 83,404 in October to 57,133 in November.<br></li><li>Initiated forbearance plans&#160;increased slightly from&#160;58,516 in&#160;October to 59,203 in November. The total number of loans in forbearance plans decreased from 922,589 at the end of October to 841,977 at the end of November, representing approximately 2.90% of the total loans serviced, and 69 percent of the total delinquent loans.</li><li>There were&#160;239 short sales and deeds-in-lieu of foreclosure completed in November, down 24 percent compared with October.</li></ul></div><div> <strong>The Enterprises' Mortgage Performance&#58;&#160;</strong></div><div><ul><li>The 30-59 days delinquency rate increased slightly to 1.02 percent, while the serious delinquency rate dropped from 2.99 percent at the end of October to 2.88 percent at the end of November.</li></ul></div><div> <strong>The Enterprises' Foreclosures&#58;</strong><br></div><div><ul><li>​Third-party and foreclosure sales decreased 19 percent to&#160;602 while foreclosure starts&#160;decreased&#160;38 percent to&#160;1,540 in November.<br></li></ul></div><h2>November&#160;2020 Highlights - Refinance Activities</h2><div><ul><li>Total refinance volume rose and continued in record breaking territory in November 2020 as mortgage rates continued to decrease through October. Mortgage rates decreased further in November&#58; the average interest rate on a 30-year fixed rate mortgage fell to 2.77 percent from 2.83 percent in October.</li><li>In November,&#160;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 126.</li><li>The percentage of cash-out refinances&#160;continued at&#160;26 percent in November from October,&#160;after steadily decreasing in earlier months to a low of 25 percent in August. Mortgage rates have continued to fall, creating more opportunities for non&#160;cash-out borrowers to refinance at lower rates and lower their monthly payments.&#160;<br></li></ul></div>2/12/2021 4:00:46 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance and FPM Report - November 2020 Foreclosure 507https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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