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05/24/2024

​​​​Introduction

Fannie Mae and Freddie Mac began issuing the Uniform Mortgage-Backed Securities (UMBS) on June 3, 2019.

This quarterly report provides market participants additional transparency into a sample of the data FHFA receives and reviews on a monthly basis. The report focuses on alignment of prepayment rates, which continues to be important to the success of UMBS and to the efficiency and liquidity of the secondary mortgage market.

Attachments:
Prepayment Monitoring Report 2024 Q1

  • News Release

    FHFA Requests Input on FHLBank System Mission
    May 16, 2024

    Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on the mission of the Federal Home Loan Bank (FHLBank) System as the

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05/15/2024

Author:

​Justin C. Contat, William M. Doerner, Robert N. Renner, and Malcolm J. Rogers

​​Ab​stract:

Attachments:
Working Paper 24-04
Contact Information

If you encounter any issues while trying to submit your comment, please contact us at FHFAwebmaster@fhfa.gov for assistance.

FHLBank Mission

Open Date/Time: 11/22/2024 06:33 AM | End Date/Time: 11/22/2024 06:33 AM

Thank you for your interest in this public input topic. Please be advised that the commenting period for this topic has ended.

View the Request for Input.

  • Statement

    May 10, 2024

    ​I commend the Financial Stability Oversight Council (FSOC) for the publication of its report on nonbank mortgage servicing.

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  • News Release

    May 10, 2024

    ​​Washington, D.C. — Today, the Federal Housing Finance Agency (FHFA) announced two personnel updates.

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  • Statement

    May 06, 2024

    ​​I strongly believe that robust risk management with respect to compensation practices is critical to promoting the safety and soundness of FHFA's regulated entities.  For that reason, FHFA h

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  • News Release

    May 06, 2024

    ​​Joint Release​​

    Federal Deposit Insurance Corporation

    Federal Housing Finance Agency

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Mortgage Debt and the Response to Fiscal Transfers

Lump-sum cash transfers are occasionally used by policymakers with the goal of temporarily increasing household consumption. These policies will be ineffective if the transfer is used to save or pay off debts instead of purchasing goods. Because of this, macroeconomic policies are usually evaluated in terms of marginal propensity to consume (MPC), which measures how much a household spends after income rises. Accurately approximating MPCs by income and wealth is crucial for assessing macroeconomic policy decisions.