Reports and Plans

 

 

Refinance Report - Fourth Quarter 201723914<ul><li>Total refinance volume increased in December 2017 as mortgage rates in November remained below the levels observed at the beginning of the year. Mortgage rates increased in December&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 3.95 percent from 3.92 percent in November.<br><br>In the fourth quarter of 2017&#58;</li><ul><li>Borrowers completed 6,309 refinances through HARP, bringing total refinances from the inception of the program to 3,484,025.</li><li>HARP volume represented one percent of total refinance volume.</li></ul></ul><blockquote dir="ltr" style="margin-right&#58;0px;"><p>Year to date through December 2017&#58;</p></blockquote><ul dir="ltr"><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‐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 five or more percent of total refinances in Nevada and Florida ‐‐ more than double the two percent of total refinances nationwide over the same period.</li></ul></ul><ul dir="ltr"><li><div>In December, 5 percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</div></li><li><div>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</div></li><li><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 September 30, 2017.</div></li></ul>2/14/2018 6:00:57 PM302https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - November 201723871<h2>November 2017 Highlights</h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 22,411 foreclosure prevention actions in November, bringing the total to 4,013,134 since the start of the conservatorships in September 2008.&#160; Over half of these actions have been permanent loan modifications.<br></li><li>There were 11,264 permanent loan modifications in November, bringing the total to 2,140,484 since the conservatorships began in September 2008.<br></li><li>Forty three percent of modifications in November were modifications with principal forbearance. Modifications with extend term only accounted for 41 percent of all loan modifications during the month.<br></li><li>There were 930 short sales and deeds-in-lieu of foreclosure completed in November, down 19 percent compared with October.<br></li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The serious delinquency rate increased from 0.95 percent at the end of October to 1.05 percent at the end of November.<br></li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Third-party and foreclosure sales decreased slightly from 4,776 in October to 4,730 in November.&#160;<br></li><li>Foreclosure starts increased from 13,601 in October to 18,605 in November.<br></li></ul>2/8/2018 4:00:56 PM273https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price - November 201723360<p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">The FHFA House Price Index (HPI) reported a&#160;0.4 percent&#160;increase in U.S. house prices in&#160;November from the previous month.&#160;&#160;From&#160;November 2016 to&#160;November 2017, house prices were up&#160;6.5&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October 2017 to&#160;November 2017 ranged from&#160;-1.1&#160;percent in the&#160;East South Central division to +0.9&#160;percent in the&#160;West North Central division.&#160; The 12-month changes were all positive, ranging from +4.2&#160;percent in the&#160;Middle Atlantic&#160;division to +8.9&#160;percent in the&#160;Mountain division.​</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">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;color&#58;#404040 !important;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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt4-Percent-in-November-2017.aspx">Related News Release</a></p>1/24/2018 2:00:46 PM2432https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx