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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 PM487https://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 PM251https://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 PM1348https://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 PM402https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - January 201722903<p>U.S. house prices remained flat in&#160;January according to the FHFA seasaonally adjusted monthly House Price Index (HPI). From&#160;January 2016 to&#160;January 2017, house prices were up<strong> 5.7&#160;percent</strong>.&#160; </p><p>For the nine census divisions, seasonally adjusted monthly price changes from December 2016 to January 2017 ranged from -2.0 percent in the East South Central division to +0.6 percent in the Pacific division. The 12-month changes were all positive, ranging from +3.5 percent in the East South Central division to +8.3 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-Remains-Flat-in-January-2017.aspx">Related News Release</a></p>3/22/2017 1:00:25 PM2806https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - January 201722856<h1>January 2017 Highlights</h1><p>Total refinance volume fell in January 2017 as mortgage rates&#160;continued to increase in December. Mortgage rates decreased in January&#58; the average interest rate on a 30‐year fixed rate mortgage fell to 4.15 percent from 4.20 percent in December. </p><p>Additional January highlights include the following&#58; </p><ul><li>Borrowers completed 4,553 refinances through HARP, bringing total refinances from the inception of the program to 3,452,224. </li><li>HARP volume represented 2 percent of total refinance volume. </li><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 16 percent of the volume of HARP loans. </li><li>Five percent of the loans refinanced through HARP had a loan-to‐value ratio greater than 125 percent.</li><li>Seventeen 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 4 or more percent of total refinances in Nevada, Arizona, Florida, Georgia, and Illinois,<br> double the 2 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.<br> Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2016.</p>3/16/2017 3:02:51 PM460https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - 4Q 201622209<p>U.S. house prices rose<strong> 1.5 percent </strong>in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160; &#160;House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016.&#160; FHFA's seasonally adjusted monthly index for December was up 0.4 percent from November.&#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;//www.youtube.com/watch?v=Nmhyu_hukHA&amp;t=1s">video of highlights</a> for this quarter.&#160; </p><p><strong>Significant Findings</strong></p><ul><li>&#160;Home prices rose in 46 states and the District of Columbia between the fourth quarter of 2015 and the fourth quarter of 2016.&#160; The top five states in annual appreciation were&#58; &#160;1) Oregon 11.0 percent; 2) Colorado 10.6 percent; 3) Florida 10.4 percent; 4) Washington 10.2 percent; and 5) Nevada 8.9 percent.<br></li><li>Among the 100 largest metropolitan areas in the U.S., annual price increases were greatest in the Tampa-St. Petersburg-Clearwater, FL, where prices increased by 13.2 percent.&#160; Prices were weakest in Wilmington, DE-MD-NJ (MSAD), where they fell 1.8 percent.</li><li>Of the nine census divisions, the Mountain division experienced the strongest increase in the fourth quarter, posting a 2.1 percent quarterly increase and a 8.0 percent increase since the fourth quarter of last year. &#160;House price appreciation was weakest in the Middle Atlantic division, where prices rose 0.9 percent from the last quarter. </li></ul><p><a href="/Media/PublicAffairs/Pages/US-House-Prices-Rise-1pt5-Percent-in-Fourth-Quarter.aspx">Related News Release</a></p>2/23/2017 2:00:48 PM4272https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - Fourth Quarter 201621923<h2>Fourth Quarter 2016 Highlights </h2><p> Total refinance volume fell in December 2016 as mortgage rates increased in November. Mortgage rates increased further in December&#58; the average interest rate on a 30‐year fixed rate mortgage was 4.20 percent. </p><p> In the fourth quarter of 2016&#58; </p><ul><li>Borrowers completed 13,220 refinances through HARP,bringing total refinances from the inception of the program to 3,447,671. </li><li>HARP volume represented 2 percent of total refinance volume.</li></ul><p> Year to date through December 2016&#58; </p><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans. </li><li>Twenty‐seven 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, Florida, and Georgia, double the 3 percent of total refinances nationwide over the same period.</li></ul><p> In December, seven percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent. Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance&#160;through the program.<br>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2016.<br><a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-Fourth-Quarter.aspx">Related News Release</a><br> </p>2/15/2017 8:00:37 PM437https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - November 201622260<h2>​November 2016 Highlights</h2><p>Total refinance volume rose in November 2016 as mortgage rates in October remained near lows last observed in 2013. Mortgage rates increased by over a quarter percent in November&#58; the average interest rate on a 30-year fixed rate mortgage was 3.77 percent.</p><p> In November 2016&#58;</p><ul><li>Borrowers completed 4,530 refinances through HARP, bringing total refinances from the inception of the program to 3,442,967.</li><li><div align="LEFT">HARP volume represented 2 percent of total refinance volume.</div></li><li><div align="LEFT">Five percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</div></li></ul><p>Year to date through November 2016&#58;&#160;</p><ul><li><div align="LEFT"><span aria-hidden="true"></span><span aria-hidden="true"></span>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</div></li><li>Twenty‐six 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, Florida, and Georgia, 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 June 30, 2016.</p><font face="Calibri"></font>1/17/2017 6:07:02 PM503https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 201621719<p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;color&#58;#404040 !important;">The FHFA House Price Index (HPI) reported a&#160;0.4 percent&#160;increase in U.S. house prices in&#160;October from the previous month.&#160;&#160;From&#160;October 2015 to October 2016, house prices were up&#160;6.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;September 2016 to&#160;October 2016 ranged from&#160;-0.6&#160;percent in the&#160;East South Central&#160;division to +1.2&#160;percent in the&#160;Mountain division.&#160; The 12-month changes were all positive, ranging from +3.6&#160;percent in the&#160;Middle Atlantic&#160;division to +8.3&#160;percent in the Mountain division.​</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;color&#58;#404040 !important;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;color&#58;#404040 !important;"> <a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt4-Percent-in-October-2016.aspx">Related News Release</a>&#160;</p>2/6/2017 9:04:16 PM2254https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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