This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2015 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2016 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
HARP - the Home Affordable Refinance Program was created by FHFA specifically to help homeowners current on their mortgage payments, but underwater on their mortgages.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector.
Meet the experts...
Key Topics pages provide information about FHFA's work on a range of issues facing the nation and highlight the most relevant related news releases, reports, statements and web pages on the respective topics.
The Honorable Melvin L. Watt of Charlotte, NC sworn in on January 6th to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that more loans were refinanced in December of 2014, when the average interest rate on a 30-year fixed mortgage was 3.86 percent, than in any other month of 2014. FHFA’s fourth quarter Refinance Report also shows that the number of loans refinanced through the Home Affordable Refinance Program (HARP) was 14 percent of total refinances nationwide for 2014, with HARP refinances accounting for 29 percent of all refinances in Georgia and Florida for the year.
FHFA estimates that as of the third quarter of 2014, more than 652,000 borrowers nationwide have a strong financial reason to refinance through HARP. Borrowers are considered “in-the-money” if they meet the basic HARP eligibility requirements, have a remaining mortgage balance of $50,000, have a remaining term of greater than 10 years, and an interest rate at least 1.5 percent higher than current market rates. Nationwide, these borrowers could save, on average, as much as $200 per month on their mortgage payments, or $2,400 per year. See the U.S. map showing the number of HARP-eligible borrowers by Metropolitan Statistical Area, county and zip code.
FHFA is continuing its efforts to reach HARP-eligible borrowers and announced its fifth outreach event scheduled for March 4 in Newark, NJ. FHFA has held town-hall style events with local community and civic leaders in Chicago, Atlanta, Detroit and Miami to get the word out about HARP. The program expires in December of 2015.
Also in the fourth quarter Refinance Report:
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions.
Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
© 2017 Federal Housing Finance Agency