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 2016 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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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.
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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 6, 2014 to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, D.C. – Refinance volumes remained high in April as mortgage rates dipped slightly from March, according to the Federal Housing Finance Agency’s April 2013
Refinance Report. More than 463,000 refinances took place in April. Of these, nearly 107,000 loans have been completed through the Home Affordable Refinance Program (HARP), bringing the total number of HARP refinances to more than 2.5 million since April 2009.
Also in the April 2013 report:
HARP represented 23 percent of total refinance volume in April.
Borrowers with loan-to-value (LTV) ratios greater than 105 percent accounted for 44 percent of the volume of HARP loans through April.
The number of completed HARP refinances for deeply underwater borrowers continued to represent a significant portion of total HARP volume. In April, 20 percent of the loans refinanced through HARP had a LTV ratio greater than 125 percent.
Year-to-date through April, 17 percent of HARP refinances for underwater borrowers were for 15- and 20-year mortgages.
Year-to-date through April, HARP refinances represented 62 percent of total refinances in Nevada and 52 percent of total refinances in Florida, more than double the 22 percent of total refinances nationwide over the same period.
States with the highest number of HARP loans since the inception of the program through April include: California (357,751), Florida (225,447), Michigan (172,420), Illinois (170,736), and Arizona (127,136).
April 2013 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 $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.
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