The FHFA House Price Index (HPI) reported a 0.3 percent increase in U.S. house prices in April from the previous month. From April 2014 to April 2015, house prices were up 5.3 percent. For the nine census divisions, seasonally adjusted monthly price changes from March 2015 to April 2015 ranged from -0.8 percent in the East North Central division to +1.4 percent in the West North Central division.

​First Quarter 2015 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 65,960 foreclosure prevention actions in the first quarter of 2015, bringing the total to 3,477,343 since the start of conservatorships in September 2008.

April 2015 Highlights

• Refinance volume increased in April 2015 as mortgage rates remained near 20 month lows in March.
• On May 8, 2015, HARP was extended an additional year, to expire December 31, 2016.
• In April 2015, 11,716 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,313,818.
• HARP volume represented 5 percent of total refinance volume in April 2015.
• Year to date through April 2015, borrowers with loan-to-value ratios greater than 105 percent accounted for 24

The Federal Housing Finance Agency (FHFA)'s 2014 Report to Congress details the findings of the agency’s 2014 examinations of Fannie Mae, Freddie Mac (the Enterprises), 12 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ Office of Finance.

First Quarter 2015 Highlights

• ​​Refinance volume increased in March 2015 as mortgage rates remained near 20 month lows in February.
• In the first quarter of 2015, 31,648 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,302,102.
• HARP volume represented 6 percent of total refinance volume in the first quarter of 2015.
• Year to date through March 2015, borrowers with loan-to-value ratios greater than 105 percent accounted for 24 percent of the volume of HARP loans.
• In

Fourth Quarter 2012 Hig​hlights

The Enterprises’ Completed Foreclosure Prevention Actions:

• Over 130,300 foreclosure prevention actions were completed in the fourth quarter, bringing the total to nearly 2.7 million since the start of conservatorship in September 2008.

​FHFA, the Enterprises, and Common Securitization Solutions (CSS) are committed to developing the Single Security Initiative and the Common Securitization Platform (CSP) in a transparent manner.  This commitment includes the regular release by FHFA of public updates to provide information to, and solicit feedback from, policymakers, market participants, and the public.

This Update reiterates our commitment to transparency by addressing topics that stakeholders have indicated are important to the industry and policymakers:

​Fourth Quarter 2016 Highlights

The Enterprises' Foreclosure Prevention Actions:

• The Enterprises completed 45,472 foreclosure prevention actions in the fourth quarter of 2016, bringing the total to 3,833,360 since the start of conservatorships in September 2008. Of these actions, 3,167,294 have helped troubled homeowners stay in their homes including 2,022,321 permanent loan modifications.
• The share of modifications with principal forbearance increased to 25 percent.

U.S. house prices remained flat in January according to the FHFA seasaonally adjusted monthly House Price Index (HPI). From January 2016 to January 2017, house prices were up 5.7 percent. 

January 2017 Highlights

Total refinance volume fell in January 2017 as mortgage rates continued to increase in December. Mortgage rates decreased in January: the average interest rate on a 30‐year fixed rate mortgage fell to 4.15 percent from 4.20 percent in December.

Additional January highlights include the following: