Reports and Plans

 

 

U.S. House Price Index - February 201824780<p>The FHFA House Price Index (HPI) reported a&#160;0.6 percent&#160;increase in U.S. house prices in&#160;February from the previous month.&#160; From&#160;February 2017 to&#160;February 2018, house prices were up&#160;7.2&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;January 2018 to&#160;February 2018 ranged from&#160;0.1&#160;percent in the&#160;West North Central division to +1.6&#160;percent in the&#160;East South Central division.&#160; The 12-month changes were all positive, ranging from +4.8&#160;percent in the&#160;Middle Atlantic&#160;division to +10.3&#160;percent in the&#160;Pacific division.​</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt6-Percent-in-February-2018.aspx"><p><font color="#0066cc">Related News Release</font></p></a>4/24/2018 1:00:15 PM323https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - February 201824575<h3>February 2018&#160;Highlights<br></h3><div> <br> </div><div><ul><li>Total refinance volume decreased in February 2018 as mortgage rates rose in January. Mortgage rates increased in February&#58; the average interest rate on a 20-year fixed rate mortgage rose to 4.33 percent from 4.03 percent in January, reaching levels last observed in 2014.&#160;<br><br>In February 2018&#58;<br></li></ul></div><ul><ul><li>Borrowers completed 1,292&#160;refinances through HARP, bringing total refinances from the inception of the program to 3,486,875.&#160;</li><li>HARP volume represented 1&#160;percent of total refinance volume.&#160;</li><li>Three&#160;percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.&#160;</li></ul></ul><blockquote style="margin&#58;0px 0px 0px 40px;border&#58;none;padding&#58;0px;"><p>Year to date through February 2018&#58;&#160;</p></blockquote><ul><ul><li>Borrowers with loan‐to‐value ratios greater than 105 percent&#160; accounted for 15&#160;percent of the volume of HARP loans.&#160;</li><li>Thirty-one&#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.&#160;</li><li>HARP refinances represented 3&#160;percent of total refinances in Illinois -- triple&#160;the 1&#160;percent of total&#160;refinances nationwide over the same period.</li></ul></ul><div> <br> </div><ul><li>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.<br></li><li>Nine&#160;states and one U.S. territory&#160;accounted for over 70 percent of the nation's HARP eligible loans with a refinance incentive as of September 30, 2017.<br></li></ul><div></div>4/12/2018 3:00:25 PM219https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - January 201824038<h3 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;20px;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">January 2018 Highlights</h3><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong></p><ul><li>The Enterprises completed 23,949 foreclosure prevention actions in January, bringing the total to 4,064,207 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li>There were 11,831 permanent loan modifications in January, bringing the total to 2,162,777 since the conservatorships began in September 2008.</li><li>Forty-seven percent of&#160;modifications in January were modifications with&#160;principal forbearance. Modifications with extend-term only accounted for 40 percent of all loan modifications during the month. </li><li>There were 1,026 short sales and deeds-in-lieu completed in January, down 2 percent compared with December.</li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong></p><ul><li>The serious delinquency rate decreased slightly from 1.18 percent at the end of December to 1.17 percent at the end of January.</li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong></p><ul><li>Third-party and foreclosure sales increased&#160;from 3,942 in December to 5,000 in January.</li><li><p>Foreclosure starts increased from 12,997 in December to 16,003 in January.</p></li></ul>4/11/2018 3:00:23 PM330https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx