This report details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2021.

Related News Release​

August 2021 Highlights - Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 49,082 foreclosure prevention actions in August, bringing the total to 6,140,495 since the start of the conservatorships in September 2008.

This Annual Housing Report​ (Report) describes the affordable housing activities of the Enterprises during 2020 and meets the reporting requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (Safety and Soundness Act). The Report describes FHFA's preliminary review of the Enterprises' 2020 housing goals performance.

The Fiscal Year (FY) 2022 Annual Performance Plan​ (APP) supports the FHFA Strategic Plan: Fiscal Years 2021–2024 (Strategic Plan), which was issued in October 2020. The APP sets out performance measures and targets in support of the goals in the Strategic Plan. FHFA is updating its strategic plan to align with the new administration’s priorities.

House prices rose nationwide in August, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.5 percent from August 2020 to August 2021. The previously reported 1.4 percent price change for July 2021 remained unchanged.

July 2021 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 61,494 foreclosure prevention actions in July, bringing the total to 6,091,413 since the start of the conservatorships in September 2008.

​​FHFA is required to monitor and report annually on the Federal Home Loan Banks' support of their low-income housing and community development activities to the Federal Home Loan Banks' Advisory Councils. This report fulfills that requirement. This report addresses the FHLBanks’ activities to support low-income housing and community development.

House prices rose nationwide in July, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 19.2 percent from July 2020 to July 2021. The previously reported 1.6 percent price change for June 2021 was revised upward to 1.7 percent.​

2Q21 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 217,020 foreclosure prevention actions in the second quarter, bringing the total to 6,029,919 since the start of conservatorships in September 2008. Of these actions, 5,327,208 have helped troubled homeowners stay in their homes, including 2,468,534 permanent loan modifications.
• Initiated forbearance plans dropped to 81,592 in the second quarter from 121,216 in the first quarter of 2021.

Washington, D.C.– U.S. house prices rose 17.4 percent from the second quarter of 2020 to the second quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.9 percent compared to the first quarter of 2021. FHFA’s seasonally adjusted monthly index for June was up 1.6 percent from May.