SECOND QUARTER 2014 HIGHLIGHTS

The Enterprises' Foreclosure Prevention Actions:

• Approximately 79,800 foreclosure prevention actions were completed during the second quarter, bringing the total to nearly 3.3 million since the start of conservatorships in September 2008.

July 2014 Highlights

• Refinance volume in July was similar to the volume in June and comparable to levels in 2008. Mortgage rates have ranged between four and four and a half percent since June 2013. In July, the average interest rate on a 30 year fixed rate mortgage decreased from June to 4.13 percent.


• In July 2014, 15,671 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,204,597.


• HARP volume represented 13 percent of total refinance volume in July 2014.

The FHFA House Price Index (HPI) reported a 0.1 percent increase in U.S. house prices in July from the previous month. From July 2013 to July 2014, house prices were up 4.4 percent. For the nine census divisions, seasonally adjusted monthly price changes from June 2014 to July 2014 ranged from -0.5 percent in the Middle Atlantic division to +0.4 percent in the East North Central division. The 12-month changes were all positive ranging from +1.6 percent in the Middle Atlantic division to +7.2 percent in the Pacific division.​

Significant Findings

• The seasonally adjusted, purchase-only HPI rose in 40 states during the second quarter of 2014, down from 42 states and the District of Columbia during the first quarter of 2014. The top annual appreciation was in: 1) Nevada, 2) California, 3) District of Columbia, 4) North Dakota, and 5) Arizona.
• Of the nine census divisions, the Pacific division experienced the strongest increase in the second quarter, posting a 1.3 percent quarterly increase and a 9.8 percent increase since last year.

Second Quarter 2014 Highlights

• Refinance volume increased slightly in June, but remained at levels more comparable to those observed in 2008 than in subsequent years. Mortgage rates have ranged between four to four and a half percent since June 2013.

​​The Federal Housing Finance Agency (FHFA) requested input FHFA's Strategic Plan: Fiscal Years 2015-2019, by Monday, September 15, 2014.

The Enterprises

(Freddie Mac and Fannie Mae)

May 2014 Highlights

​​The Enterprises' Foreclosure Prevention Actions:

• Fannie Mae and Freddie Mac completed approximately 26,400 foreclosure prevention actions in May, bringing the total foreclosure prevention actions to more than 3.2 million since the start of conservatorship in 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 maxim​​ize assistan​ce 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 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.​​