Fourth Quarter 2014 Highlights

The Enterprises' Foreclosure Prevention Actions:

• Nearly 65,900 foreclosure prevention actions were completed during the fourth quarter, bringing the total to more than 3.4 million since the start of conservatorships in September 2008.

This report covers the 2013 housing activities of Fannie Mae and Freddie Mac, fulfilling the statutory requirement of section 1324 of the Safety and Soundness Act. Fannie Mae and Freddie Mac acquired $1.048 trillion of single-family owner-occupied loans and provided funding for 772,241 multifamily rental units in 2013.

The Office of Information Policy requires all agencies to provide quarterly reporting for four key FOIA statistics to the Department of Justice. This report is attended to identify trends and assess agencies' progress throughout the course of the fiscal year.​​

The FHFA House Price Index (HPI) reported a 0.5 percent increase in U.S. house prices in August from the previous month. From August 2013 to August 2014, house prices were up 4.8 percent. For the nine census divisions, seasonally adjusted monthly price changes from July 2014 to August 2014 ranged from -0.6 percent in the New England and South Atlantic divisions to +1.2 percent in the Mountain division. The 12-month changes were all positive ranging from +1.9 percent in the Middle Atlantic division to +7.8 percent in the Pacific division.​

August 2014 Highlights

• Refinance volume in August was similar to the volume in July and comparable to levels in 2008. Mortgage rates have ranged between four and four and a half percent since June 2013.

The Enterprises' Foreclosure Prevention Actions:

• Approximately 27,200 foreclosure prevention actions were completed in July, bringing the total to 3.3 million since the start of the conservatorships in September 2008.

The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac.

The Enterprises

(Freddie Mac and Fannie Mae)

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.​

The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac.