Reports and Plans

 

 

Refinance Report - August 201711803<h2 style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;text-transform&#58;none;line-height&#58;1.4;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;lato, sans-serif;font-size&#58;22px;font-style&#58;normal;font-weight&#58;900;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;">August 2017&#160;Highlights&#160;</h2><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;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;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Total refinance&#160;volume increased in August 2017&#160;as mortgage rates in July remained below the levels observed at the beginning of the year.&#160; Mortgage rates decreased in August&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.88 percent from 3.97 percent in July.</span></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;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;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">In August 2017&#58;</span></p><ul style="margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;text-transform&#58;none;line-height&#58;inherit;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;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><font color="#444444"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers completed 2,379 refinances through HARP, bringing total refinances from the inception of the program to 3,475,488.</span><br></font></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><font color="#444444"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP volume represented 2&#160;percent of total refinance volume.</span><br></font></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><font color="#444444"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Seven percent of the loans refinanced through HARP had a&#160;loan‐to‐value ratio&#160;greater than 125 percent.</span><br></font></li></ul><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;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;">Year to date through August 2017&#58;&#160;</span><br style="color&#58;#444444;text-transform&#58;none;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;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;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;"><ul style="font&#58;inherit;margin&#58;0px 0px 0px 20px;padding&#58;0px;border&#58;0px currentcolor;vertical-align&#58;baseline;font-size-adjust&#58;inherit;font-stretch&#58;inherit;"><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">Twenty-six percent of HARP refinances for underwater borrowers were for shorter-term 15- and&#160;20‐year mortgages, which build equity faster than traditional 30‐y</span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">ear mortgages.</span><br></li><li style="margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;border&#58;0px currentcolor;line-height&#58;16px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400;vertical-align&#58;baseline;font-stretch&#58;inherit;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif !important;font-size&#58;14px !important;font-style&#58;inherit;font-variant&#58;inherit;font-weight&#58;400 !important;vertical-align&#58;baseline;font-stretch&#58;inherit;">HARP&#160;refinances represented&#160;6 or more percent of total refinances in Nevada, double the 3&#160;percent of total refinances nationwide over the same period.</span><br></li></ul></span><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;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;">Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</span><br style="color&#58;#444444;text-transform&#58;none;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;white-space&#58;normal;orphans&#58;2;widows&#58;2;background-color&#58;#ffffff;"><span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#444444;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;">Nine states and one U.S. territory accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of March 31, 2017.</span><font color="#000000" face="Times New Roman" size="3"> </font>10/17/2017 2:00:43 PM173https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - July 201724160<p>JULY 2017&#160;HIGHLIGHTS</p><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The Enterprises completed 13,845 foreclosure prevention actions in July, bringing the total to 3,945,069&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 10,217&#160;permanent loan modifications in July, bringing the total to 2,098,147&#160;since the conservatorships began in September 2008.</li><li>Approximately 77 percent of borrowers who received permanent modification in July were three or more months delinquent at the beginning of the trial period, down from 81 percent in June.</li><li>The share of modifications with principal forbearance increased to&#160;30&#160;percent of all&#160;permanent modifications in July.&#160;Modifications with extend-term only remained at 47 percent&#160;due to continuing improvement in house prices.</li><li>There were 1,223&#160;short sales and deeds-in-lieu completed in July, down 24&#160;percent compared with June.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>The serious delinquency rate fell slightly from 0.95&#160;percent at the end of June to 0.94 percent at the end of July.</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul style="list-style-type&#58;disc;"><li>Third-party and foreclosure sales decreased 14 percent from 5,977 in June to 5,177&#160;in July.</li><li>Foreclosure starts declined 6&#160;percent from 13,028&#160;in June to 12,255&#160;in July.</li></ul>10/11/2017 3:00:57 PM280https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Second Quarter 201723645<h2>Second Quarter 2017 Highlights<br></h2><p> <br> </p><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>The Enterprises completed 48,760 foreclosure prevention modifications.<br></li><li>The share of modifications with principal forbearance increased to 28 percent in the second quarter. Modifications with extend-term only accounted for 43 percent of all loan modifications during the quarter due to improved house prices and expiration of the Home Affordable Modification Program (HAMP).<br></li><li>As of June 30, 2017, approximately 20 percent of loans modified in the second quarter of 2016 had missed two or more payments, one year after modification.<br></li><li>There were 4,757 completed short sales and deeds-in-lieu during the quarter, bringing the total to 675,759 since the conservatorships began in September in 2008.<br></li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The number of 60+ days delinquent loans declined 6 percent to 354,178 at the end of the second quarter, from 377,622 at the end of the first quarter.<br></li><li>The Enterprises' serious delinquency rate fell to 0.9 percent at the end of the second quarter, the lowest level since January of 2008. This compared with 3.8 percent for Federal Housing Administration (FHA) loans, 2.0 percent for Veterans Affairs (VA) loans, and 2.5 percent for all loans (industry average).<br></li></ul><p> <strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Foreclosure starts fell 11 percent to 44,989 while third-party and foreclosure sales decreased 9 percent to 17,542 in the second quarter.<br><br></li></ul><p><a href="/Media/PublicAffairs/Pages/FHFA-Second-Quarter-Foreclosure-Prevention-Report-Shows-Foreclosure-Preventions-Surpass-3-9-Million.aspx">Related News Release</a><br></p><p><span style="font-style&#58;normal;">For an interactive online map that provides state data, click on the following link&#58;&#160;</span><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx" style="font-style&#58;normal;font-size&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;"><em>Fannie Mae and Freddie Mac State&#160;Borrower Assistance Map</em></a><em style="font-weight&#58;normal;font-size&#58;14px;font-family&#58;&quot;source sans pro&quot;, sans-serif;color&#58;#404040;">&#160;</em><br></p>9/27/2017 5:01:01 PM256https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx