U.S. house prices rose in November, up 0.3 percent from October, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.6 percent from November 2022 to November 2023. The previously reported 0.3 percent price increase in October remained unchanged.
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News ReleaseSeptember 26, 2023
Washington, D.C. – U.S.
Note: This report was formerly named the Low-Income Housing and Community Development Activities of the Federal Home Loan Banks.
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.
August 2023 Highlights - Foreclosure Prevention
The Enterprises' Foreclosure Prevention Actions:
- The Enterprises completed 15,649 foreclosure prevention actions in August, bringing the total to 6,847,892 since the start of the conservatorships in September 2008.
Author:
Alex Bogin, LaRhonda Ealey, Kirsten Landeryou, Scott Smith, and Andrew Tsai
Abstract:
Geographic Disaggregation of House Price Stress Paths
Financial managers calculate the risk of holding single-family mortgages to understand what expected losses (or gains) they may anticipate in the future, and, when applicable, how much capital they should potentially set aside to cover future losses. Usually, this is done by running a pool of loans through a statistical model to estimate future cash flows, loan defaults, and loan prepayments. Macroeconomic scenarios provide a tool to test the impact of future house price movements on these cash flow estimates and potential loan outcomes.
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News ReleaseNovember 21, 2023
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework (