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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.

  2. Download the latest HPI data

  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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  6. Read our latest Foreclosure Prevention Report, Refinance Report or Annual Report to Congress.

  7. Understand how FHFA conducts its examinations - read our FHFA Examination Manual and learn about our Housing Finance Examiner Commission Program.




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 Related Information



FHFA Announces Multifamily Tenant Protections35896<p>​​​​<strong>Washington, D.C.&#160;</strong>–&#160;Today, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit. This requirement applies to all Enterprise-backed multifamily properties, regardless of whether the loan is in forbearance. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>FHFA is working closely with the Enterprises to communicate the 30-day notice requirement to landlords of and tenants living in Enterprise-backed properties.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>The Centers for Disease Control and Prevention’s (CDC) eviction moratorium expires on July 31, 2021.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>“Many families across the country, particularly renters, are still struggling financially due to the COVID-19 pandemic. It is important to clearly communicate available protections to both landlords and tenants,” said Acting Director Sandra L. Thompson. “FHFA wants to ensure tenants in Enterprise-backed multifamily properties know their right to receive at least 30-days of notice before they are required to vacate their rental unit.”</p><font color="#000000" face="Times New Roman" size="3"> </font><p>On June 24, 2021, the White House published a <a href="https&#58;//www.whitehouse.gov/briefing-room/statements-releases/2021/06/24/fact-sheet-biden-harris-administration-announces-initiatives-to-promote-housing-stability-by-supporting-vulnerable-tenants-and-preventing-foreclosures/?utm_medium=email&amp;utm_source=govdelivery">Fact Sheet</a> outlining various federal initiatives to promote housing stability by supporting vulnerable tenants and preventing foreclosures. FHFA’s website also has a <a href="/Media/PublicAffairs/PublicAffairsDocuments/COVID_19_Tenant-Fact-Sheet_72821.pdf">Fact Sheet</a> on tenant protections for Enterprise-backed properties in response to COVID-19. </p><font color="#000000" face="Times New Roman" size="3"> </font><p>In addition, Emergency Rental Assistance funds made available by federal legislation are available to tenants who are behind on rent or continuing to experience hardship due to the COVID-19 pandemic. Tenants can learn more about Emergency Rental Assistance programs by visiting the Consumer Financial Protection Bureau’s online <a href="https&#58;//www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/renter-protections/find-help-with-rent-and-utilities/?utm_source=vanity&amp;utm_medium=outreach&amp;utm_campaign=renthelp">Rental Assistance Finder</a>.</p><font color="#000000" face="Times New Roman" size="3"> </font><p>For more information on options available to assist homeowners and renters impacted by COVID-19 visit <a href="/Homeownersbuyer/MortgageAssistance/Pages/Coronavirus-Assistance-Information.aspx">FHFA.gov</a> or <a href="https&#58;//www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/">CFPB.gov/housing</a>.&#160;<br></p><font color="#000000" face="Times New Roman" size="3"> </font>7/28/2021 2:00:28 PMHome / Media / FHFA Announces Multifamily Tenant Protections News Release FHFA is working closely with the https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 1.7 Percent in May; Up 18.0 Percent from Last Year35870<p>​​​<strong>Washington, D.C. </strong>– House prices rose nationwide in May, up <strong>1.7 percent</strong> from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI<sup>®</sup>). &#160;House prices rose <strong>18.0 percent </strong>from May 2020 to May 2021. The previously reported 1.8 percent price change for April 2021 was unrevised.<br></p><p>For the nine census divisions, seasonally adjusted monthly house price changes from April 2021 to May 2021 ranged from +<strong>1.0 percent</strong> in the Middle Atlantic division to +<strong>2.4 percent</strong> in the Pacific division.&#160; The 12-month changes ranged from +<strong>15.4 percent</strong> in the West South Central division to +<strong>23.2 percent</strong> in the Mountain division.<br></p><p>“House prices continued their record-setting growth into May,&quot; said Dr. Lynn Fisher, FHFA's Deputy Director of the Division of Research and Statistics. “This trend will likely continue around the country as busy summer homebuying months maintain the pressure being felt in already tight housing markets.&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>.<br></p><p>FHFA will release its next HPI report on August 31, 2021 with data for the second quarter of 2021 and monthly data through June 2021.<br></p><p>​​<br></p>7/27/2021 1:25:14 PMHome / Media / FHFA House Price Index Up 1.7 Percent in May; Up 18.0 Percent from Last Year News Release 528https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Report on Collateral Pledged to Federal Home Loan Banks - July 202135857<p>​​​The Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to submit an annual report to Congress on the collateral pledged to the FHLBanks, including an analysis of collateral by type and by Bank district.3 FHFA’s Report on Collateral Pledged to Federal Home Loan Banks provides the required information as well as additional analysis of data on the types and amounts of collateral pledged to the Banks to secure advances and other collateralized products offered by the Banks to their members. The information in this report uses data collected through a quarterly data collection conducted by FHFA’s Division of Federal Home Loan Bank Regulation (DBR), and most charts and graphs report data on the unpaid principal balance of eligible collateral pledged by Bank members as of December 31, 2020.<br></p>7/23/2021 3:00:55 PMHome / About FHFA / Reports / Report on Collateral Pledged to Federal Home Loan Banks - July 2021 The Housing and Economic Recovery Act of 2008 (HERA) requires the Federal 325https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Eliminates Adverse Market Refinance Fee33973 <span style="font-size&#58;12pt;line-height&#58;115%;color&#58;black;"><strong></strong></span><p><span style="font-size&#58;12pt;line-height&#58;115%;font-family&#58;&quot;times new roman&quot;, serif;color&#58;black;"><strong>Washington, D.C.</strong>&#160;– Today, to help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021.</span></p><p><span style="font-size&#58;12pt;line-height&#58;115%;font-family&#58;&quot;times new roman&quot;, serif;color&#58;black;">To allow families to save more money, lenders will no longer be required to pay the Enterprises a 50-basis point fee when they deliver refinanced mortgages. The fee was designed to cover losses projected as a result of the COVID-19 pandemic. The success of FHFA and the Enterprises' COVID-19 policies reduced the impact of the pandemic and were effective enough to warrant an early conclusion of the Adverse Market Refinance Fee. FHFA's expectation is that those lenders who were charging borrowers the fee will pass cost savings back to borrowers.</span></p><p><span style="font-size&#58;12pt;line-height&#58;115%;font-family&#58;&quot;times new roman&quot;, serif;color&#58;black;">&quot;The COVID-19 pandemic financially exacerbated America's affordable housing crisis. Eliminating the Adverse Market Refinance Fee will help families take advantage of the low-rate environment to save more money,&quot;&#160;said Acting Director Sandra L. Thompson. &quot;Today's action furthers FHFA's priority of supporting affordable housing while simultaneously protecting the safety and soundness of the Enterprises.&quot;</span></p><p><span style="font-size&#58;12pt;line-height&#58;115%;font-family&#58;&quot;times new roman&quot;, serif;color&#58;black;">The vast majority of Enterprise borrowers have successfully exited COVID-19 forbearance. In April, approximately 2 percent of single-family mortgages guaranteed by the Enterprises remained in forbearance, down from a high of approximately 5 percent in May 2020. FHFA will continue to monitor the housing finance system, making policy adjustment in coordination with the Enterprises as necessary.</span><br></p>7/16/2021 2:06:53 PMHome / Media / FHFA Eliminates Adverse Market Refinance Fee News Release To allow families to save more 37398https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Prepared Remarks of Sandra L. Thompson, Acting Director, FHFA, at FHFA Virtual Listening Session: "Enterprise Duty to Serve 2022-2024 Proposed Plans: Manufactured Housing35796<p style="text-align&#58;center;"> <strong>​​​​​​Public Remarks as Prepared for Delivery</strong></p><p style="text-align&#58;center;"> <strong>Sandra L. Thompson</strong></p><p style="text-align&#58;center;"> <strong>Acting Director, Federal Housing Finance Agency</strong></p><p style="text-align&#58;center;"><strong><br></strong></p><p style="text-align&#58;center;"> <strong>FHFA Virtual Listening Session&#58; &quot;Enterprise Duty to Serve 2022-2024 Proposed Plans&#58; Manufactured Housing&quot;&#160;</strong></p><p style="text-align&#58;center;"><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">Wednesday, July 14, 2021</strong></p><p style="text-align&#58;center;"><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;"><br></strong></p><p style="text-align&#58;left;"><strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;"></strong>Let me thank all our participants in this week's virtual listening sessions.</p><p>All across the United States, Americans are struggling with a housing crisis. Each market and community faces its own mix of challenges, but a common theme can be found&#160;in widespread shortages of affordable housing. </p><p>The total supply of housing is insufficient to meet ongoing demand. And new housing production is skewing towards higher priced segments of the market. That leaves low- and moderate-income Americans increasingly cut off from housing opportunities.</p><p>FHFA's mission, through our regulated entities, is to responsibly foster a sustainable housing finance system that supports equitable access to both affordable homeownership and rental housing, reaching communities of color, rural areas, and other underserved populations. </p><p>Duty to Serve plays an important part in this. </p><p>Under the Safety and Soundness Act, Fannie Mae and Freddie Mac are each charged with a duty to &quot;provide leadership&quot; in facilitating a secondary market in mortgages for families in three specific underserved markets&#58;</p><blockquote style="margin&#58;0px 0px 0px 40px;border&#58;none;padding&#58;0px;"><p>(1)&#160;&#160; Affordable housing preservation, </p><p>(2)&#160;&#160; Manufactured Housing, and</p><p>(3)&#160;&#160; Rural markets</p></blockquote><p>FHFA's implementing regulation requires each Enterprise to develop its own plan for serving the specified markets over three-year periods. </p><p>Earlier this year, the Enterprises submitted their proposed 2022-2024 Underserved Markets Plans, which are posted on the FHFA website. This week FHFA has held a listening session for each statutory underserved market to encourage feedback on those plans from stakeholders and the public. Interested parties are also encouraged to submit written comments on the proposed plans<a href="/PolicyProgramsResearch/Programs/Pages/Duty-to-Serve.aspx"> through our website</a>​. FHFA and the Enterprises want to hear your feedback on how best to reach underserved markets.</p><p>During a time of shortages, preservation of the existing affordable housing stock becomes even more urgent. Recent <a href="https&#58;//preservationdatabase.org/wp-content/uploads/2020/05/NHPD_2020Report.pdf">estimates​</a> show that just in the next five years, a quarter of a million publicly-subsidized homes will see their affordability requirements expire. It is critical that the Enterprises meet their duty to serve this market in keeping with their charter purpose &quot;to promote access to mortgage credit throughout the Nation.&quot;</p><p>Manufactured housing is one option that has potential to grow the affordable housing supply without subsidies. And Duty to Serve has already produced demonstrable results in increasing Enterprise support for manufactured housing. </p><p>For example, the Enterprises almost doubled their purchases of loans secured by manufactured housing titled as real property between 2017, the year before Duty to Serve was implemented, and 2020. In addition, both Enterprises exceeded their loan purchase targets for manufactured housing communities with tenant pad lease protections—providing new and important protections for residents in these MHCs.</p><p>And manufactured housing is an especially important resource for many rural communities. Rural areas tend to have limited housing options and older housing stock. Getting an accurate appraisal can also be difficult.&#160; Fortunately, despite the challenges presented by the COVID-19 pandemic, 2020 saw the Enterprises still able to exceed some of their goals in the rural housing market. FHFA looks forward to them doing even more to connect rural areas to national housing finance.</p><p>FHFA expects the Enterprises to live up to their mission obligations and help ensure that investment capital reaches underserved markets. Fannie and Freddie have a responsibility to identify the obstacles these communities face in accessing mortgage credit and affordable housing, as well as a duty to develop strategies for overcoming them safely and soundly. </p><p>As we enter the next three years of Duty to Serve, I look forward to seeing the Enterprises fulfill their charter purposes by &quot;increasing the liquidity of mortgage investments and improving the distribution of investment capital&quot; throughout the country. Their success in this mission will play a critical role in relieving our nation's widespread affordable housing shortage.</p><p>Thank you again for joining our listening session.&#160;​<br></p>7/14/2021 9:44:03 PMPublic Remarks as Prepared for Delivery Acting Director, Federal Housing Finance Agency Let me thank all our participants in this week's virtual listening sessions 1107https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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