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Refinance Report - May 201723376<h2>May 2017 Highlights</h2><p>Total refinance volume fell in May 2017 as mortgage rates in April remained over half a percent higher than the lows observed in 2016. Mortgage rates decreased in May&#58; the average interest rate on a 30-year fixed rate mortgage fell to 4.01 percent from 4.05 percent in April.</p><p>In May 2017&#58;</p><ul><li>Borrowers completed 3,291 refinances through HARP, bringing total refinances from the inception of the program to 3,467,881.</li><li>HARP volume represented 3 percent of total refinance volume.</li><li>Five percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li></ul><p>Year to date through May 2017&#58;</p><ul><li>Borrowers with loan-to-value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.</li><li>Twenty-five 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 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period.</li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</p><p>Ten states accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of December 31, 2016.</p>7/18/2017 3:00:05 PM164https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - April 201723098<p style="font-style&#58;normal;">U.S. house prices rose in April&#160;according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From April&#160;2016 to April&#160;2017, house prices were up&#160;<span style="font-size&#58;inherit;font-family&#58;inherit;font-weight&#58;700 !important;">6.8&#160;percent</span>.&#160;</p><p style="font-style&#58;normal;">For the nine census divisions, seasonally adjusted monthly price changes from March&#160;2017 to April&#160;2017 ranged from -0.1 percent in the East South Central&#160;division to +1.6&#160;percent in the West South Central division.&#160; The 12-month changes were all positive, ranging from +4.7&#160;percent in the West North Central&#160;division to +8.9 percent in the Mountain division.</p><p style="font-style&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.<br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt7-Percent-in-April-2017.aspx">Related News Release</a><br></p>6/22/2017 1:00:37 PM1967https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Report to Congress - 201622983<table width="100%" class="ms-rteTable-0" cellspacing="0" style="height&#58;154px;"><tbody><tr class="ms-rteTableEvenRow-0"><td class="ms-rteTableEvenCol-0" style="width&#58;10%;"> <a href="/AboutUs/Reports/ReportDocuments/FHFA_2016_Report-to-Congress.pdf"><img src="/AboutUs/Reports/PublishingImages/Report_Gen_Thumbs/2016ARcover.jpg" alt="" style="margin&#58;5px;" /></a> </td><td class="ms-rteTableOddCol-0" style="width&#58;50%;"><p>​The Federal Housing Finance Agency's 2016 <em> <a href="/AboutUs/Reports/ReportDocuments/FHFA_2016_Report-to-Congress.pdf">Report to Congress</a></em> (a statutorily-required report) provides information about FHFA’s 2016 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-2016-Report-to-Congress.aspx">Related News Release</a></p></td></tr></tbody></table>6/21/2017 3:28:31 PM669https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - April 201722989<h2>April 2017 Highlights</h2><p> Total refinance volume fell in April 2017 as mortgage rates in March remained over half a percent higher than the lows observed in 2016. Mortgage rates decreased in April&#58; the average interest rate on a 30‐year fixed rate mortgage fell to 4.05 percent from 4.20 percent in March.</p><p> In April 2017&#58; </p><ul><li> Borrowers completed 3,493 refinances through HARP, bringing total refinances from the inception of the program to 3,464,589. </li><li>HARP volume represented 3 percent of total refinance volume. </li><li>Six percent of the loans refinanced through HARP had a loan-to‐value ratio greater than 125 percent. </li></ul><p> Year to date through April 2017&#58; </p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans. </li><li>Twenty-five 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 6 or more percent of total refinances in Nevada, and Florida, double the 3 percent of total refinances nationwide over the same period. </li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>Ten states accounted for over 60 percent of the Nation's HARP eligible loans with a refinance incentive as of December 31, 2016. </p>6/15/2017 5:00:49 PM495https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 1Q 201711667<p>​U.S. house prices rose <strong>1.4 percent</strong> in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose <strong>6.0 percent</strong> from the first quarter of 2016 to the first quarter of 2017.&#160; FHFA's seasonally adjusted monthly index for March was up <strong>0.6 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. &#160;FHFA has produced a <a href="https&#58;//youtu.be/H0asD2nh76c">video of highlights</a> for this quarter.</p> <strong>Significant Findings</strong> <ul><li><p>Home prices rose in 48 states and the District of Columbia between the first quarter of 2016 and the first quarter of 2017.&#160; The top five areas in annual appreciation were&#58; &#160;1) District of Columbia 13.9 percent; 2) Colorado 10.7 percent; 3) Idaho 10.3 percent; 4) Washington 10.2 percent; and 5) New Hampshire 9.5 percent.</p></li><li><p>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Grand Rapids-Wyoming, MI, where prices increased by 13.7 percent.&#160; Prices were weakest in San Francisco-Redwood City-South San Francisco, CA (MSAD), where they fell 2.5 percent.</p></li><li><p>Of the nine census divisions, the Pacific division experienced the strongest increase in the first quarter, posting a 2.0 percent quarterly increase and a 7.7 percent increase since the first quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 1.0 percent from the last quarter.</p></li></ul><p> <a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1-4-Percent-in-First-Quarter.aspx">Related News Release</a></p>5/24/2017 1:00:43 PM3874https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - First Quarter 201718705<h2>First Quarter 2017&#160;Highlights&#160;</h2><font color="#000000" face="Times New Roman" size="3"></font><p>Total refinance volume fell in March 2017&#160;as mortgage rates in February remained over half a percent higher than the lows observed in 2016. Mortgage rates increased in March&#58;&#160;the average interest rate on a 30‐year fixed rate mortgage rose to 4.20&#160;percent from 4.17&#160;percent in February.</p><p>In the first quarter of 2017&#58;</p><ul><li>Borrowers completed&#160;13,425 refinances through HARP, bringing total refinances from the inception of the program to 3,461,096.</li><li>HARP volume represented 3&#160;percent of total refinance volume.</li><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 19&#160;percent of the volume of HARP loans.</li><li>Twenty-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&#160;6 or more&#160;percent of total refinances in Nevada and Florida, double the 3&#160;percent of total refinances nationwide over the same period.</li></ul><font color="#000000" face="Times New Roman" size="3"></font><p>In March, 7&#160;percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</p><font color="#000000" face="Times New Roman" size="3"></font><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</p><font color="#000000" face="Times New Roman" size="3"></font><p>Ten states accounted for over 60&#160;percent of the nation's HARP eligible loans with a refinance incentive as of December 31, 2016.</p><p><a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-First-Quarter.aspx">Related News Release</a></p>5/16/2017 5:01:06 PM424https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - February 201711704<p>U.S. house prices rose in February according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From February 2016 to February 2017, house prices were up <strong>6.4 percent</strong>.&#160;</p><p>For the nine census divisions, seasonally adjusted monthly price changes from January 2017 to February 2017 ranged from -0.1 percent in the South Atlantic division to +1.8 percent in the East South Central division.&#160; The 12-month changes were all positive, ranging from +4.6 percent in the Middle Atlantic division to +9.5 percent in the 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-February-2017.aspx">Related News Release</a></p>4/25/2017 1:01:00 PM2641https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - February 201711574<h3>​February 2017 Highlights</h3><p>Total refinance volume fell in February 2017 as mortgage rates in January remained over half a percent higher than the levels observed in November 2016. Mortgage rates increased in February&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 4.17 percent from 4.15 percent in January.</p><p>In February 2017&#58;</p><ul><li> Borrowers completed 4,198 refinances through HARP, bringing total refinances from the inception of the program to 3,456,422. </li><li>HARP volume represented 3 percent of total refinance volume.</li><li>Six percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li></ul><p>Year to date through February 2017&#58;</p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent&#160; accounted for 18 percent of the volume of HARP loans.</li><li>Twenty 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.</li><li>HARP refinances represented 6 or more percent of total refinances in Nevada and Florida, double the 3 percent of total&#160; refinances nationwide over the same period.</li></ul><p> 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.</p><p>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2016. </p>4/13/2017 3:00:12 PM668https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2016 Scorecard Progress Report22961<p>​This Progress Report summarizes major activities of Fannie Mae and Freddie Mac in 2016 that contributed to achieving FHFA's strategic objectives as conservator of the Enterprises.&#160; FHFA set forth three such objectives in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (2014 Conservatorship Strategic Plan) issued on May 13, 2014&#58; <strong>Maintain</strong>, <strong>Reduce</strong>, and <strong>Build</strong>. </p><p><a href="/Media/PublicAffairs/Pages/FHFA-Report-Details-Progress-on-the-2016-Scorecard-for-Fannie-Mae-and-Freddie-Mac.aspx">Link to Related New Release</a> </p>3/29/2017 5:21:12 PM1913https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Credit Risk Transfer Progress Report22942<p>​<span aria-hidden="true"></span>This <em>Credit Risk Transfer Progress Report</em> is in a new format, which provides data, definitions, and FHFA's core principles in overseeing the Enterprise CRT programs in one place. The report will be updated regularly. <span aria-hidden="true"></span></p><p>The report shows that in 2016 the Enterprises transferred $18 billion of credit risk on $548 billion of mortgages with an unpaid principal balance (UPB) through capital markets, insurance, and pilot credit risk transfer (CRT) transactions.&#160; This brings the total since the program began in 2013 to almost $49 billion of credit risk transferred on $1.4 trillion UPB.</p><p><a href="/Media/PublicAffairs/Pages/FHFA-Updates-Progress-on-Fannie-Mae-and-Freddie-Mac-Credit-Risk-Transfer-Programs.aspx">Related News Release</a></p>3/27/2017 5:30:47 PM549https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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