Reports and Plans

 

 

Refinance Report - Second Quarter 201723709<h2>Second Quarter 2017 Highlights</h2><div><ul><li>Total refinance volume increased in June 2017 as mortgage rates fell in May. Mortgage rates continued to decrease in June&#58; the average interest rate on a 30-year fixed rate mortgage fell to 3.90 percent from 4.01 percent in May.<br></li></ul></div><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div><p>In the second quarter of 2017&#58;</p></div></blockquote><div><ul><ul><li>Borrowers completed 9,707 refinances through HARP, bringing total refinances from the inception of the program to 3,470,804.</li><li>HARP volume represented 3 percent of total refinance volume.</li></ul></ul></div><div> &#160;&#160; <br></div><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div>Year to date through June 2017&#58;</div></blockquote><div> <br> </div><div><ul><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.<br></li></ul></ul><ul><li>In June 2017, 6 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</li><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.</li><li>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.</li></ul><div><br> <a href="/Media/PublicAffairs/Pages/Refinance-Volume-Continued-to-Slow-in-Second-Quarter.aspx">Related News Release</a><br></div></div>8/17/2017 5:00:13 PM109https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - May 201723682<h1 style="font-style&#58;normal;">MAY 2017&#160;HIGHLIGHTS</h1><h2>The Enterprises' Foreclosure Prevention Actions&#58;</h2><p></p><ul><li>The Enterprises completed 15,683 foreclosure prevention actions in May, bringing the total to 3,914,668&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 10,769&#160;permanent loan modifications in May, bringing the total to 2,076,345&#160;since the conservatorships began in September 2008.</li><li>The share of modifications with principal forbearance accounted for 25&#160;percent of all&#160;permanent modifications in May.&#160;Modifications with extend-term only increased to 45 percent&#160;due to continuing improvement in house prices.</li><li>There were 1,489&#160;short sales and deeds-in-lieu completed in May, down 10&#160;percent compared with April.</li></ul><p></p><p></p><h2>The Enterprises' Mortgage Performance&#58;<br></h2><p></p><p></p><ul><li>The serious delinquency rate fell further&#160;from 1.01&#160;percent at the end of April to 0.98 percent at the end of May.<br></li></ul><p></p><h2 style="font-style&#58;normal;"> <span style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;color&#58;#444444;"></span></h2><h2 style="font-style&#58;normal;">The Enterprises' Foreclosures&#58;<br></h2><p></p><ul><li>Third-party and foreclosure sales increased 9&#160;percent from 5,523&#160;in April to 6,042&#160;in May.<br></li><li>Foreclosure starts decreased 13&#160;percent from 17,056&#160;in April to 14,905&#160;in May.<br></li></ul><p></p>8/8/2017 3:00:52 PM204https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
House Price Index - May 201723415<p style="font-style&#58;normal;">U.S. house prices rose in May according to the&#160;FHFA seasonally adjusted monthly House Price Index (HPI). &#160;From May 2016 to May 2017, house prices were up&#160;<span style="font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;700 !important;">6.9&#160;percent</span>.&#160;</p><p style="font-style&#58;normal;">For the nine census divisions, seasonally adjusted monthly price changes from April 2017 to May 2017 ranged from -0.5 percent in the Middle Atlantic&#160;division to +1.0&#160;percent in the West South Central division.&#160; The 12-month changes were all positive, ranging from +4.0&#160;percent in the Middle Atlantic&#160;division to +8.7 percent in the Pacific 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><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt4-Percent-in-May-2017.aspx">Related News Release</a></p>7/25/2017 1:01:02 PM1721https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx