FHFA, the Enterprises, and Common Securitization Solutions (CSS) are developing the Single Security and the Common Securitization Platform (CSP) in a transparent manner. The development process involves regular releases by FHFA of public updates that provide information to policy makers and the public and that solicit feedback. This Update addresses three topics that stakeholders have indicated are important to the industry:

July 2020 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 230,198 foreclosure prevention actions in July, bringing the total to 4,916,088 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.

On June 30, 2016, the Federal Housing Finance Agency (FHFA) released its first report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes NPL sales data through May 31, 2016 and preliminary outcomes for borrowers through December 31, 2015.

Since 2012, the Federal Housing Finance Agency (FHFA) has set as a strategic objective that Fannie Mae and Freddie Mac share credit risk with private investors.  While the Enterprises have a longstanding practice of sharing credit risk on certain loans with primary mortgage insurers and other counterparties, the credit risk transfer transactions have taken further steps to share credit risk with private market participants. Since the Enterprises were placed in conservatorship in 2008, they have received financial support from the U.S.

2Q20 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 254,014 foreclosure prevention actions in the second quarter, bringing the total to 4,685,890 since the start of conservatorships in September 2008. Of these actions, 3,986,294 have helped troubled homeowners stay in their homes, including 2,420,846 permanent loan modifications.
• Initiated forbearance plans increased significantly to 1,511,787 in the second quarter from 170,533 in the first quarter due to the COVID-19 pandemic.

U.S. house prices rose in April, up 0.2 percent on a seasonally adjusted basis from the previous month. From April 2015 to April 2016, house prices were up 5.9 percent. For the nine census divisions, seasonally adjusted monthly price changes from March 2016 to April 2016 ranged from -0.7 percent in the Middle Atlantic division to +1.4 percent in the New England division. The 12-month changes were all positive, ranging from +1.7 percent in the Middle Atlantic division to +8.6 percent in the Pacific division.

House prices rose 6.5 percent from July 2019 to July 2020 and were up 1.0 percent for the month. FHFA also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent.

​​​The ​Federal Housing Finance Agency (FHFA) has requested input on FHFA's Strategic Plan: Fiscal Years 2021-2024, by Monday, October 5, 2020. FHFA's strategic plan reflects the agency's priorities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). FHFA has requested input from Members of Congress, the public and interested stakeholders in accordance with the Government Performance and Results Modernization Act of 2010.

First Quarter 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 49,573 foreclosure prevention actions in the first quarter of 2016, bringing the total to 3,693,022 since the start of conservatorships in September 2008.