Reports and Plans

 

 

Foreclosure Prevention Report - May 201825529<h3>May 2018 Highlights<br></h3><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>The Enterprises completed 24,211 foreclosure prevention actions in May, bringing the total to 4,154,218 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.<br></li><li>There were 17,557 permanent loan modifications in May, bringing the total to 2,218,961 since the conservatorships began in September 2008.<br></li><li>Twenty-six percent of modifications in May were modifications with principal forbearance. Modifications with extend term only accounted for 47 percent of all loan modifications during the month.<br></li><li>There were 887 short sales and deeds-in-lieu of foreclosure completed in May, up 4 percent compared with April.<br></li></ul><p> <strong>The Enterprises' Mortgage Performance&#58;</strong><br></p><ul><li>The serious delinquency rate decreased from 1.03 percent at the end of April to 0.97 percent at the end of May.<br></li></ul><p> <strong>The Enterprises' Foreclosures&#58;</strong><br></p><ul><li>Third-party and foreclosure sales increased from 4,410 in April to 4,624 in May.​<br></li><li>Foreclosure starts decreased from 15,308 in April to 12,834 in May.<br></li></ul>8/7/2018 3:00:27 PMHome / About FHFA / Reports / Foreclosure Prevention Report - May 2018 Foreclosure Prevention and Federal 195https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
House Price Index - May 201822513<p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">The FHFA House Price Index (HPI) reported a&#160;0.2&#160;percent&#160;increase in U.S. house prices in May&#160;from the previous month.&#160; From May&#160;2017 to May&#160;2018, house prices were up 6.4&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from April&#160;2018 to May&#160;2018 ranged from -0.6&#160;percent in the East North&#160;Central division to +1.5&#160;percent in the&#160;East South&#160;Central division.&#160; The 12-month changes were all positive, ranging from +4.9&#160;percent in the West South Central&#160;division to +9.1&#160;percent in the Mountain&#160;division.​</p><p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs in the attachment.<br></p><p style="padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;"><a href="/Media/PublicAffairs/Pages/House-Price-Index-Up-0pt2-Percent-in-May-2018.aspx">Related News Release</a><br></p>8/4/2018 4:21:23 AMHome / About FHFA / Reports / House Price Index - May 2018 House Price Index From May 2017 to May 2018 660https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - May 201822666<h2>May 2018 Highlights</h2><blockquote dir="ltr" style="margin-right&#58;0px;"><ul><li><p>Total refinance volume decreased in&#160;May 2018 as mortgage rates rose in April, continuing a trend first observed in October 2017.&#160; Mortgage rates increased in May&#58; the average interest rate on a 30-year fixed rate mortgage rose to 4.59 percent from 4.47 percent in April, reaching levels last observed in 2011.</p></li><blockquote dir="ltr" style="margin-right&#58;0px;"><p>&#160;&#160;&#160; In May 2018&#58;</p></blockquote><ul><ul><li><p>Borrowers completed 1,077 refinances through HARP, bringing total refinances from the inception of the program to 3,490,261.</p></li><li><p>HARP volume represented 1 percent of total refinance volume.</p></li><li><p>Six&#160;percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</p></li></ul><blockquote dir="ltr" style="margin-right&#58;0px;"><p>Year to date through May 2018&#58;</p></blockquote> <ul><li><p>Borrowers with loan-to-value ratios greater than 105 percent accounted for 16 percent of the volume of HARP loans.</p></li><li><p>Thirty-one 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.</p></li><li><p>HARP refinances represented 3&#160;percent of total refinances in Illinois compared to 1 percent of total refinances nationwide over the same period.</p></li></ul><li><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></li></ul></ul></blockquote><ul dir="ltr"><ul><li><p>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 December 31, 2017.</p></li></ul></ul>7/17/2018 3:00:44 PMHome / About FHFA / Reports / Refinance Report - May 2018 Refinance Report Year to date through May 2018 24https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx