Second Quarter 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 48,438 foreclosure prevention actions in the second quarter of 2016, bringing the total to 3,741,498 since the start of conservatorships in September 2008. Of these actions, 3,087,014 have helped troubled homeowners stay in their homes including 1,962,599 permanent loan modifications.
• The share of modifications with principal forbearance remained at 19 percent.

The FHFA House Price Index reported a 0.5 percent increase in U.S. house prices in July from the previous month. From July 2015 to July 2016, house prices were up 5.8 percent. For the nine census divisions, seasonally adjusted monthly price changes from June 2016 to July 2016 ranged from +0.2 percent in the Middle Atlantic division to +1.0 percent in the East South Central division. The 12-month changes were all also positive, ranging from +2.6 percent in the Middle Atlantic division to +7.7 percent in the Pacific division.

Pursuant to the Open Government Directive (OGD) issued by the Office of Management of Budget, this document reflects FHFA’s 2016 Open Government Plan (Plan) to advance the principles of transparency, participation, and collaboration that form the cornerstone of an open government. FHFA’s Open Government objective is to ensure that the information and data released to the public increases transparency of FHFA and the regulated entities while supporting the stability of the secondary mortgage market.

July 2016 Highlights

Total refinance volume decreased in July 2016 after increasing over the previous three months. Mortgage rates continued to decrease in July: the average interest rate on a 30-year fixes rate mortgage fell to 3.44 percent from 3.57 percent in June.

In July 2016:

U.S. house prices rose 1.2 percent in the second quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).   House prices rose 5.6 percent from the second quarter of 2015 to the second quarter of 2016. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. The HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

Second Quarter 2016 Highlights

• Total refinance volume increased in June 2016 as rates edged lower through May. Mortgage rates continued to decrease in June: the average interest rate on a 30-year fixed rate mortgage fell to 3.57 percent from 3.60 percent in May.

In the second quarter 2016:

• Borrowers completed 18,310 refinances through HARP, bringing total refinances from the inception of the program to 3,418,854.
• HARP volume represented 4 percent of total refinance volume.

Year to date through June 2016:

​This report provides data on the levels of collateral pledged to the FHLBanks securing advances and other products offered by FHLBanks to their members and housing associates. The report includes data on the adjusted minimum level of collateral pledged to secure advances and the total collateral pledged by members and housing associates.

May 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 15,283 foreclosure prevention actions in May 2016, bringing the total to 3,724,545 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.
• There were 9,838 permanent loan modifications in May, bringing the total to 1,951,257 since the conservatorships began in September 2008.
• The share of modifications with principal forbearance increased to 19 percent.

FHFA implemented an Open Government Plan (Plan) in Fiscal Year ​2011 to communicate the goals, timelines and objectives in support of the Open Government Directive (OGD). FHFA's Open Government objective is to ensure that the information and data released to the public increases the regulatory transparency of the Federal Home Loan Banks, Fannie Mae and Freddie Mac, while supporting the stability of the mortgage market. FHFA information related to the Open Government initiative can be found at http://www.fhfa.gov/open​.

​3Q22 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 69,362 foreclosure prevention actions in the third quarter of 2022, bringing the total to 6,660,364 since the start of conservatorships in September 2008. Of these actions, 5,956,240 have helped troubled homeowners stay in their homes, including 2,608,555 permanent loan modifications.