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House Price Index - April 201825810<p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">The FHFA House Price Index (HPI) reported a&#160;0.1&#160;percent&#160;increase in U.S. house prices in April&#160;from the previous month.&#160; From April&#160;2017 to April&#160;2018, house prices were up 6.4&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from March&#160;2018 to April&#160;2018 ranged from -0.5&#160;percent in the&#160;West South&#160;Central division to +0.6&#160;percent in the&#160;East North&#160;Central division.&#160; The 12-month changes were all positive, ranging from +4.6&#160;percent in the West South Central&#160;division to +8.9&#160;percent in the Mountain&#160;division.​</p><p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><font color="#0066cc"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt1-Percent-in-April-2018.aspx">Related News Release</a></font></p>6/21/2018 1:00:58 PM1394https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - April 201825620<div>April 2018 Highlights</div><div><br></div><div>Total refinance volume decreased in April 2018 as mortgage rates rose in March, continuing a trend first observed in October 2017.&#160;&#160;Mortgage rates increased in April&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 4.47 percent from 4.44 percent in March, reaching levels last observed in 2013.</div><div><br></div><div>In April 2018&#58;<br></div><div><ul><li>Borrowers completed 1,017 refinances through HARP, bringing total refinances from the inception of the program to 3,489,182.</li><li>HARP volume represented 1 percent of total refinance volume.</li><li>Three percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li></ul></div><div>Year to date through April 2018&#58;&#160;</div><div><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 15 percent of the volume of HARP loans.<br></li><li>Thirty‐three percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.&#160;</li><li>HARP refinances represented 3 percent of total refinances in Illinois compared to 1 percent of total refinances nationwide over the same period.</li></ul></div><div>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.<br></div><div><br></div><div>Nine states and one U.S. territory accounted for over 70 percent of the nation's HARP eligible loans with a refinance incentive as of</div><div>December 31, 2017.<br></div>6/14/2018 3:00:40 PM220https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 1Q 2018 / March25229<p>U.S. house prices rose <strong>1.7 percent</strong> in the first quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose <strong>6.9 percent</strong> from the first quarter of 2017 to the first quarter of 2018.&#160; FHFA's seasonally adjusted monthly index for March was up <strong>0.1 percent </strong>from February.&#160;</p><p>The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. </p><p>See <a href="https&#58;//youtu.be/wAUvUWBv6RY">video</a> for the first quarter featuring Dr. Doerner.</p><p> <strong>Significant Findings</strong> </p><ul><li><p>Home prices rose in all 50 states and the District of Columbia between the first quarter of 2017 and the first quarter of 2018.&#160;The top five areas in annual appreciation were&#58; &#160;1) Nevada&#160;13.7 percent; 2) Washington&#160;13.1 percent; 3) Idaho 11.1 percent; 4) Colorado 10.6 percent; and 5) Utah 9.9 percent.</p></li><li><p>Home prices rose in each&#160;of the 100 largest metropolitan areas in the U.S. over the last four quarters.&#160;&#160;Annual price increases were greatest in Las Vegas-Henderson-Paradise, NV, where prices increased by 17.1 percent.&#160; Prices were weakest in Tulsa, OK where they rose 0.8 percent.</p></li><li><p>Of the nine census divisions, the Pacific division experienced the strongest&#160;four quarter appreciation,&#160;posting a 9.5 percent gain between&#160;the first quarters of 2017 and 2018 and a 2.6 percent increase&#160;in the first quarter of&#160; 2018.&#160; Annual house price appreciation was weakest in the East South Central division, where prices rose 5.3 percent&#160; between the first quarters of 2017 and 2018.</p></li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt7-Percent-in-First-Quarter-2018.aspx">Related News Release</a> </p>5/24/2018 1:00:20 PM3330https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Report to Congress - 201725035<p>​The Federal Housing Finance Agency's 2017 <em> <a href="/AboutUs/Reports/ReportDocuments/FHFA_2016_Report-to-Congress.pdf"> Report to Congress</a></em>&#160; (a statutorily-required report) provides information about FHFA’s 2017 examinations of Fannie Mae, Freddie Mac (the Enterprises), 11 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ Office of Finance.&#160; The report also describes FHFA’s actions as conservator of Fannie Mae and Freddie Mac during the year and it describes the Agency’s regulatory guidance, research and publications.&#160;&#160;&#160;</p><p> <a href="/Media/PublicAffairs/Pages/FHFA-Releases-2017-Report-to-Congress.aspx">Related News Release</a></p>5/25/2018 7:39:01 PM992https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - First Quarter 201825170<h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;font-family&#58;lato, sans-serif;font-size&#58;22px;font-weight&#58;900;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">First Quarter 2018&#160;Highlights</h2><ul><li>Total refinance volume decreased in March 2018&#160;as mortgage rates rose in February, continuing a trent first observed in October 2017.&#160; Mortgage rates increased in March&#58;&#160;the average interest rate on a 30‐year fixed rate mortgage rose to 4.44&#160;percent from 4.33&#160;percent in February, reaching levels last observed in 2014.<br></li></ul><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><p>In the first quarter of 2018&#58;</p></blockquote><ul><ul><li>Borrowers completed 4,139&#160;refinances through HARP, bringing total refinances from the inception of the program to 3,488,165.</li><li>HARP volume represented 1&#160;percent of total refinance volume.</li><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 16&#160;percent of the volume of HARP loans.</li><li>Thirty-four&#160;percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.</li><li>HARP refinances represented 3&#160;percent of total refinances in Illinois -- triple the 1&#160;percent of total refinances nationwide over the same period.</li></ul><li>I<span style="font-family&#58;&quot;source sans pro&quot;, sans-serif;">n March, 6&#160;percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</span><br></li><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.<br></li><li>Nine&#160;states and one U.S. territory&#160;accounted for over 70&#160;percent of the nation's HARP eligible loans with a refinance incentive as of December 31, 2017.<br></li></ul> <font color="#000000" face="Times New Roman" size="3" style="background-color&#58;#ffffff;"></font> <font color="#000000" face="Times New Roman" size="3" style="background-color&#58;#ffffff;"></font> <font color="#000000" face="Times New Roman" size="3" style="background-color&#58;#ffffff;"></font> <p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;"> <a href="/Media/PublicAffairs/Pages/Fannie-Mae-and-Freddie-Mac-Refinance-Volume-Down-in-First-Quarter-2018-as-Mortgage-Rates-Rise.aspx">Related News Release</a><br></p>7/16/2018 10:38:08 PM448https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - February 201824780<p>The FHFA House Price Index (HPI) reported a&#160;0.6 percent&#160;increase in U.S. house prices in&#160;February from the previous month.&#160; From&#160;February 2017 to&#160;February 2018, house prices were up&#160;7.2&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;January 2018 to&#160;February 2018 ranged from&#160;0.1&#160;percent in the&#160;West North Central division to +1.6&#160;percent in the&#160;East South Central division.&#160; The 12-month changes were all positive, ranging from +4.8&#160;percent in the&#160;Middle Atlantic&#160;division to +10.3&#160;percent in the&#160;Pacific division.​</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt6-Percent-in-February-2018.aspx"><p><font color="#0066cc">Related News Release</font></p></a>4/24/2018 1:00:15 PM2466https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - February 201824575<h3>February 2018&#160;Highlights<br></h3><div> <br> </div><div><ul><li>Total refinance volume decreased in February 2018 as mortgage rates rose in January. Mortgage rates increased in February&#58; the average interest rate on a 20-year fixed rate mortgage rose to 4.33 percent from 4.03 percent in January, reaching levels last observed in 2014.&#160;<br><br>In February 2018&#58;<br></li></ul></div><ul><ul><li>Borrowers completed 1,292&#160;refinances through HARP, bringing total refinances from the inception of the program to 3,486,875.&#160;</li><li>HARP volume represented 1&#160;percent of total refinance volume.&#160;</li><li>Three&#160;percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.&#160;</li></ul></ul><blockquote style="margin&#58;0px 0px 0px 40px;border&#58;none;padding&#58;0px;"><p>Year to date through February 2018&#58;&#160;</p></blockquote><ul><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent&#160; accounted for 15&#160;percent of the volume of HARP loans.&#160;</li><li>Thirty-one&#160;percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.&#160;</li><li>HARP refinances represented 3&#160;percent of total refinances in Illinois -- triple&#160;the 1&#160;percent of total&#160;refinances nationwide over the same period.</li></ul></ul><div> <br> </div><ul><li>Borrowers who refinanced through HARP had a lower delinquency&#160;rate compared to borrowers eligible for HARP who did not refinance&#160;through the program.<br></li><li>Nine&#160;states and one U.S. territory&#160;accounted for over 70 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2017.<br></li></ul><div></div>4/12/2018 3:00:25 PM518https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Credit Risk Transfer Progress Report 4Q201724887<p>​From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the end of 2017, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $2.1 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $69 billion, or 3.2 percent of UPB.&#160; An additional $972 billion of UPB and $246 billion of RIF has been transferred to primary mortgage insureers from 2013 through the end of 2017.&#160; Through CRT and mortgage insurance, the majority of the underliying mortgage credit risk on mortgages targeted for CRT has been transferred to private investors.</p><p>In 2017, the Enterprises transferred risk on $689 billion of UPB with a total RIF of $20.6 billion.&#160; Debt issuances accounted for 69 percent of RIF, reinsurance transactions accounted for 22 percent of RIF, lender risk sharing accounted for 8 percent of RIF, and senior/subordinate transactions accounted for 1 percent of RIF. &#160;</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Updates-Progress-on-Fannie-and-Freddie-CRT-Transfer-Programs-3292018.aspx">Related News Release</a></p>3/29/2018 3:00:52 PM749https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2017 Scorecard Progress Report24896<p>This <em>Progress Report</em> summarizes major activities of Fannie Mae and Freddie Mac in 2017 that contributed to achieving FHFA’s three strategic goals as conservator of the Enterprises, established by FHFA in the <a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx"> <em>2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac</em></a> (2014 Conservatorship Strategic Plan)&#58;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p><ol dir="ltr" style="text-align&#58;left;margin-right&#58;0px;"><li><strong>MAINTAIN</strong>, in a safe and sound manner, foreclosure prevention activities and credit availability for new and refinanced mortgages to foster liquid, efficient, competitive, and resilient national housing finance markets; </li><li><strong>REDUCE </strong>taxpayer risk through increasing the role of private capital in the mortgage market; and </li><li><strong>BUILD </strong>a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future. </li></ol><p dir="ltr" style="text-align&#58;left;margin-right&#58;0px;">The <a href="/AboutUs/Reports/ReportDocuments/2017-Scorecard-for-Fannie-Mae-Freddie-Mac-and-CSS.pdf"> <em>2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions </em></a>(2017 Scorecard) sets forth FHFA’s expectations for 2017 relative to those strategic goals and requires the Enterprises to consider diversity and inclusion when conducting their respective business activities and initiatives to further the three strategic conservatorship goals. </p><p> <a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2017-Scorecard-for-Fannie-Mae-and-Freddie-Mac.aspx">Link to Related News Release</a></p>3/29/2018 5:00:48 PM841https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - January 201824838<p>The FHFA House Price Index (HPI) reported a&#160;0.8 percent&#160;increase in U.S. house prices in&#160;January from the previous month.&#160; From&#160;January 2017 to&#160;January&#160;2018, house prices were up&#160;7.3&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;December 2017 to&#160;January 2018 ranged from&#160;-0.7&#160;percent in the&#160;West South Central division to +1.2&#160;percent in the&#160;New England and Pacific divisions.&#160; The 12-month changes were all positive, ranging from +5.1&#160;percent in the&#160;West South Central&#160;division to +10.0&#160;percent in the&#160;Mountain division.​</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt8-Percent-in-January-2018.aspx">Related News Release</a></p>3/22/2018 1:00:53 PM3412https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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