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Foreclosure Prevention Refinance and FPM Report February 202237088<h2 style="padding-bottom&#58;12px !important;padding-top&#58;8px !important;">​​​​​​February 2022&#160;Highlights - Foreclosure Prevention<br></h2><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></div><div style="padding-top&#58;6px;"><ul><li>The Enterprises completed 40,648 foreclosure prevention actions in February, bringing the total to 6,451,783 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.</li><li>There were 14,350 permanent loan modifications in February, bringing the total to 2,526,661 since the conservatorships began in September 2008.</li><li>Six percent of modifications in February were modifications with principal forbearance. Modifications that include reduce rate and extend-term accounted for 73 percent of all loan modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan decreased 11 percent from 22,275 in January to 19,889 in February.</li><li>Initiated forbearance plans decreased 14 percent from 22,968 in January to 19,709 in February. The total number of loans in forbearance decreased from 153,075 at the end of January to 140,188 at the end of February, representing approximately 0.46 percent of the total loans serviced, and 22 percent of the total delinquent loans.</li></ul></div><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Mortgage Performance&#58;&#160;</strong></div><div style="padding-top&#58;6px;"><ul><li>The 30-59 days delinquency rate increased to 0.92 percent while the serious delinquency rate declined to 1.06 percent at the end of February.</li></ul></div><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Foreclosures&#58;</strong><br></div><div style="padding-top&#58;6px;"><ul><li>Third-party and foreclosure sales decreased 9 percent to 918 while foreclosure starts increased to 7,298 in February.</li></ul></div><h2 style="padding-top&#58;16px !important;padding-bottom&#58;12px !important;">February&#160;2022 Highlights - Refinance Activities</h2><div style="padding-top&#58;6px;"><ul><li>Total refinance volume decreased in February 2022 amid rising mortgage rates through January. Mortgage rates rose in February&#58; the average interest rate on a 30- year fixed rate mortgage increased to 3.76 percent from a January level of 3.45 percent.</li><li>The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages continued at 23 percent in February as the difference between 15- and 30-year fixed rate mortgages remained in the three quarters of a percent range in recent months through January. In February, the difference between 15- and 30-year fixed ​rate mortgages decreased to 76 basis points.</li></ul></div>​<br>5/12/2022 6:00:07 PMHome / About FHFA / Reports / Foreclosure Prevention Refinance and FPM Report February 2022 Foreclosure 350https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - April 202237544<p>​House prices rose nationwide in February, up 2.1 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI<sup>®</sup>). House prices rose <strong>19.4 percent</strong> from February 2021 to February 2022. The previously reported 1.6 percent price change for January 2022 remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from January 2022 to February 2022 ranged from <strong>+1.3 percent</strong> in the East North Central division to <strong>+2.9 percent</strong> in the South Atlantic division. The 12-month changes ranged from <strong>+15.3 percent</strong> in the East North Central division to <strong>+24.3 percent</strong> in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the attached pages. Downloadable data and HPI release dates for all&#160;of 2022&#160;are available here&#58; <a href="/HPI"> <font color="#0066cc"> https&#58;//www.fhfa.gov/HPI</font></a>.</p><p> <font color="#0066cc"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-2pt1-Percent-in-February-Up-19pt4-Percent-From-Last-Year.aspx">Related News Release</a></font></p>4/26/2022 1:00:24 PMHome / About FHFA / Reports / U.S. House Price Index - April 2022 House Price Index 4041https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Strategic Plan: Fiscal Years 2022 - 202637459<p>​​​​The Federal Housing Finance Agency (FHFA) today released the <em> <a href="/AboutUs/Reports/ReportDocuments/FHFA_StrategicPlan_2022-2026_Final.pdf">FHFA Strategic Plan&#58;&#160; Fiscal Years 2022-2026</a>​</em>, which reflects the Agency's priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). FHFA requested input on the draft Agency strategic plan from the public and interested stakeholders in accordance with the Government Performance and Results Modernization Act of 2010. This final <em>Strategic Plan</em> formalizes the new direction of FHFA, and its regulated entities.</p>​ <p> <a href="/Media/PublicAffairs/Pages/FHFA-Finalizes-Strategic-Plan-for-Fiscal-Years-2022-to-2026.aspx">Link to Related News Release</a>​<br></p><p> <a href="/AboutUs/Contact/Pages/input-submissions.aspx">View Input Received</a>​ - Select <em>&quot;FHFA's&#160;Strategic Plan&#58; Fiscal Years 2022-2026&quot;</em><br></p>4/14/2022 3:00:40 PMHome / About FHFA / Reports / FHFA Strategic Plan: Fiscal Years 2022 - 2026 FHFA Strategic Plan 2067https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Refinance and FPM Report January 202237469<h2 style="padding-bottom&#58;12px !important;padding-top&#58;8px !important;">​January 2022&#160;Highlights - Foreclosure Prevention</h2><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></div><div style="padding-top&#58;6px;"><ul><li>The Enterprises completed 46,857 foreclosure prevention actions in January, bringing the total to 6,411,135 since the start of the conservatorships in September 2008. Approximately 39 percent of these actions have been permanent loan modifications.</li><li>There were 8,934 permanent loan modifications in January, bringing the total to 2,512,311 since the conservatorships began in September 2008.</li><li>Seven percent of modifications in January were modifications with principal forbearance. Modifications that include reduce rate and extend-term accounted for 59 percent of all loan modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan decreased 14 percent from 25,784 in December 2021 to 22,275 in January 2022.</li><li>Initiated forbearance plans decreased 13 percent from 29,267 in December to 22,968 in January. The total number of loans in forbearance decreased from 178,019 at the end of December to 153,075 at the end of January, representing approximately 0.50 percent of the total loans serviced, and 25 percent of the total delinquent loans.</li></ul></div><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Mortgage Performance&#58;&#160;</strong></div><div style="padding-top&#58;6px;"><ul><li>The 30-59 days delinquency rate remained flat at 0.76 percent, while the serious delinquency rate declined to 1.12 percent at the end of January.</li></ul></div><div style="padding-top&#58;8px !important;"> <strong>The Enterprises' Foreclosures&#58;</strong><br></div><div style="padding-top&#58;6px;"><ul><li>Third-party and foreclosure sales decreased 3 percent to 1,006 while foreclosure starts rose to 6,807 in January.</li></ul></div> <h2 style="padding-top&#58;16px !important;padding-bottom&#58;12px !important;">January​&#160;2022 Highlights - Refinance Activities</h2><div style="padding-top&#58;6px;"><ul><li>Total refinance volume decreased in January 2022 amid rising mortgage rates through December. Mortgage rates continued to rise in January&#58; the average interest rate on a 30-year fixed rate mortgage increased to 3.45 percent from a December level of 3.10 percent, reaching levels last observed in March 2020.</li><li>The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages decreased to 23 percent in January as the difference between 15- and 30-year fixed rate mortgages remained in the 69 to 76 basis point range in recent months through December. In January, the difference between 15- and 30-year fixed rate mortgages increased to 79 basis points.</li></ul></div>​<br>4/14/2022 5:00:37 PMHome / About FHFA / Reports / Foreclosure Prevention Refinance and FPM Report January 2022 Foreclosure 727https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - March 202236998<p>​​​House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI<sup><font size="2">®</font></sup>). House prices rose <strong>18.2 percent </strong>from January 2021 to January 2022. The previously reported 1.2 percent price change for December&#160;2021 was revised upward to a 1.3 percent price change.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from December 2021 to January 2022 ranged from <strong>+</strong><strong>0.1 percent</strong> in the New England division to <strong>+2.2 </strong><strong>percent</strong> in the South Atlantic division.&#160; The 12-month changes ranged from <strong>+</strong><strong>13.3 percent</strong> in the Middle Atlantic division to <strong>+23.1</strong><strong> percent</strong> in the Mountain division.<br></p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the attached pages. Downloadable data and HPI release dates for all&#160;of 2022&#160;are available here&#58; <a href="/HPI"><font color="#0066cc"> https&#58;//www.fhfa.gov/HPI</font></a>.</p><p><font color="#0066cc"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1pt6-Percent-in-January-Up-18pt2-Percent-From-Last-Year.aspx">Related News Release</a></font></p>3/29/2022 1:00:07 PMHome / About FHFA / Reports / U.S. House Price Index - March 2022 House Price Index 7650https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 2021 Q436978<p>U.S. house prices rose 17.5 percent from the fourth quarter of 2020 to the fourth quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.3 percent compared to the third quarter of 2021. FHFA’s seasonally adjusted monthly index for December was up 1.2 percent from November. </p><p> &quot;House prices continued to climb but not as rapidly during the final quarter of 2021 as in earlier quarters,&quot; said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. &quot;Housing trends over the past year have created challenges. The quick house price gains may be counterbalanced as mortgage rates increase. However, more expensive housing has elevated affordability to become a broader concern as available supply remains limited.&quot; </p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-17pt5-Percent-over-the-Last-Year-Up-3pt3-Percent-from-the-Third-Quarter.aspx">Related News Release</a></p>2/23/2022 4:34:31 PMHome / About FHFA / Reports / U.S. House Price Index Report - 2021 Q4 House Price Index 3664https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - December 202136665<p>House prices rose nationwide in October, up <strong>1.1 percent </strong>from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose <strong>17.4 percent </strong>from October 2020 to October 2021. The previously reported 0.9 percent price change for September 2021 remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from September 2021 to October 2021 ranged from -<strong>0.3 percent </strong>in the New England division to +<strong>1.7 percent </strong>in the East South Central division. The 12-month changes ranged from +<strong>13.2 percent </strong>in the West North Central division to +<strong>23.2 percent </strong>in the Mountain division.</p><p>​<a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1pt0-Percent-in-August-Up-18pt5-Percent-from-Last-Year.aspx" style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#276598;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;600;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;"><font color="#0066cc">​Related News Release​</font></span></a></p>12/28/2021 2:01:02 PMHome / About FHFA / Reports / U.S. House Price Index - December 2021 House Price Index 19055https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report 2021 Q336331<p style="font-style&#58;normal;">​U.S. house prices rose&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">18.5 percent</span>&#160;from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">4.2 percent&#160;</span>compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">&#160;0.9 percent</span>&#160;from August.<br></p><p style="font-style&#58;normal;">“House price appreciation reached its highest historical level in the quarterly series,” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. “Compared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.”<br></p><p>​<span style="font-size&#58;12pt;font-family&#58;calibri, sans-serif;">View highlights video featuring William Doerner at&#58; <a href="https&#58;//go.usa.gov/xeEuG">https&#58;//go.usa.gov/xeEuG</a></span></p><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-18pt5-Percent-over-the-Last-Year-Up-4pt2-Percent-from-2Q.aspx">​Related News Release</a>​<br></p>11/30/2021 2:00:19 PMHome / About FHFA / Reports / U.S. House Price Index Report 2021 Q3 House Price Index 86456https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions36826<p>​​​Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe and sound manner.​<br></p><p>The two equally weighted objectives of the 2022 Scorecard are for the Enterprises to (1) Promote Sustainable and Equitable Access to Affordable Housing and (2) Operate the Business in a Safe and Sound Manner.&#160;​For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common Securitization Solutions, LLC (CSS) will be assessed based on the following criteria&#58;<br></p><div><strong>​Assessment Criteria</strong><br></div><div><br></div><div><ul><li>Each Enterprise’s products and programs foster sustainable and equitable housing finance markets that support safe, decent, and affordable homeownership and rental opportunities</li><li> Each Enterprise conducts business in a safe and sound manner.</li><li>Each Enterprise meets expectations under all FHFA requirements, including those pertaining to capital, liquidity, and credit risk transfer.</li><li>Each Enterprise continues to manage operations while in conservatorship in a manner that preserves and conserves assets through the prudent stewardship of Enterprise resources.</li><li>Each Enterprise cooperates and collaborates with FHFA to meet the Conservator’s priorities, directives, and guidance throughout the course of the year.</li><li>Each Enterprise delivers work products that are high quality, thorough, creative, effective, and timely, and that consider effects on borrowers and renters, the Enterprises, the industry, and other stakeholders.</li><li>Each Enterprise ensures that diversity, equity, and inclusion remain top priorities in strategic planning, operations, and business development.</li></ul></div><p>​<a href="/Media/PublicAffairs/Pages/FHFA-Releases-2022-Scorecard-for-Fannie-Freddie-and-CSS.aspx">Related News Release</a>​<br></p>11/17/2021 3:30:32 PMHome / About FHFA / Reports / 2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Today, the Federal Housing Finance Agency (FHFA) released the 2022 2206https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report - August 202136389<h1 class="ms-rteElement-H1B">​​August 2021 Highlights - Foreclosure Prevention</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><ul><li>The Enterprises completed 49,082 foreclosure prevention actions in August, bringing the total to 6,140,495 since the start of the conservatorships in September 2008. Approximately 40 percent of these actions have been permanent loan modifications.</li><li>There were 6,134 permanent loan modifications in August, bringing the total to 2,480,955 since the conservatorships began in September 2008.</li><li>Eleven percent of modifications in August were modifications with principal forbearance. Modifications with extend-term only accounted for 66 percent of all loan modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19 related forbearance plan decreased 23 percent from 39,836 in July to 30,795 in August.</li><li>Initiated forbearance plans increased 7 percent from 23,481 in July to 25,072 in August. The total number of loans in forbearance decreased from 438,550 at the end of July to 400,071 at the end of August, representing approximately 1.3% of the total loans serviced, and 53 percent of the total delinquent loans.<br><br></li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong></p><p></p><ul><li>The 30-59 days delinquency rate increased slightly to 0.69 percent, while the serious delinquency rate declined to 1.72 percent at the end of August.<br></li></ul> <p></p><p> <strong>The Enterprises' Foreclosures&#58;</strong></p><p></p><ul><li>Third-party and foreclosure sales increased 11 percent to 884 while foreclosure starts rose 72 percent to 3,110 in August.​</li></ul> ​ <h2>August 2021 Highlights - Refinance Activities</h2><ul><li>Total refinance volume rose in August 2021, after mortgage rates through July steadily fell from the 2021 peak observed in March. Mortgage rates fell in August&#58; the average interest rate on a 30-year fixed rate mortgage fell to 2.84 percent from 2.87 percent in July.</li><li>In August, 1 refinance was completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 201.</li><li>The percentage of borrowers refinancing into shorter term 15-year fixed rate mortgages decreased to 26 percent in August as the difference between 15- and 30-year fixed rate mortgages remained in the 69 to 71 basis points range in recent months.​​<br></li></ul>11/10/2021 6:00:34 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report - August 2021 Foreclosure 1798https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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