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.
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 6, 2014 to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, DC – The total volume of mortgage refinances continued to decline through the first three months of 2014, according to the Federal Housing Finance Agency's First Quarter 2014 Refinance Report. Total refinance volume for the first quarter topped 370,000 while refinances through the Home Affordable Refinance Program (HARP) stood at just under 77,000. This marks the fourth straight quarter in which total refinances and HARP refinances have declined. The report notes that refinance volume was down in March as mortgage interest rates rose.
Over the last five years, more than 19 million refinances have been completed, including 3.1 million through HARP. As announced recently by FHFA Director Mel Watt, efforts are underway to retarget HARP outreach to reach approximately 750,000 remaining eligible borrowers who could still benefit from the program.
Also in the first quarter 2014 report:
HARP volume represented roughly 21 percent of total refinance volume in the first quarter of 2014.
Through the first quarter, 23 percent of HARP refinances for underwater borrowers (those with a loan-to-value ratio greater than 105 percent) were for 15- and 20-year mortgages, which build equity faster than traditional 30-year mortgages.
HARP continued to account for a substantial portion of refinance volume in certain states. Through the first quarter, HARP refinances represented 41 percent of total refinances in Georgia and 38 percent of total refinances in Florida, nearly double the 21 percent of total refinances nationwide over the same period.
Link to 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.
Corinne Russell 202-649-3032/ Stefanie Johnson 202-649-3030
© 2017 Federal Housing Finance Agency