The FHFA House Price Index (HPI) reported a 0.4 percent increase in U.S. house prices in May from the previous month. From May 2013 to May 2014, house prices were up 5.5 percent. For the nine census divisions, seasonally adjusted monthly price changes from April 2014 to May 2014 ranged from -0.7 percent in the East South Central division to +1.1 percent in the West South Central division.  The 12-month changes were all positive ranging from +2.5 percent in the Middle Atlantic division to +9.6 percent in the Pacific division.​

May 2014 Highlights

• ​Refinance volume fell slightly in May, and 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.

January 2015 Highlights

• Refinance volume decreased in January 2015. Mortgage rates continued to fall from the highs observed in late 2013.

April 2014 Highlights

​​The Enterprises' Foreclosure Prevention Actions:

• Approximately 28,300 foreclosure prevention actions were completed in April, bringing the total to more than 3.2 million since the start of the conservatorships in September 2008.

​The FHFA House Price Index (HPI) reported a 0.3 percent increase in U.S. house prices in January from the previous month. From January 2014 to January 2015, house prices were up 5.1 percent. For the nine census divisions, seasonally adjusted monthly price changes from December 2014 to January 2015 ranged from -0.4 percent in the Middle Atlantic and South Atlantic divisions to +2.3 percent in the East South Central division. The 12-month changes were all positive ranging from +1.7 percent in the Middle Atlantic division to +8.2 percent in the Pacific division.​

​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.

​FHFA is committed to providing access to agency records through a citizen-centered and results-oriented FOIA program. Its unified FOIA regulation adopted the plain language question and answer format that often is preferred for general public audiences. As a new independent agency, its FOIA working group also is thoroughly reviewing changes that could improve the efficiency, effectiveness, and transparency of the agency’s FOIA program. ​​​​

The Office of Management and Budget (OMB) issued government-wide information quality guidelines under section 515 of the Treasury and General Government Appropriations Act for Fiscal Year 2001. The OMB Section 515 Information Quality Guidelines have been prepared to ensure and maximize the quality, objectivity, utility and integrity of information disseminated by Federal agencies. This report transmits FHFA’s responses to the Information Quality Bulletin for Peer Review.​

This Progress Report details the initiatives outlined in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and the 2014 Conservatorship Scorecard. The report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals: Maintain, Reduce, and Build.

Link to Related News Release

Significant Findings:

• Between the fourth quarter of 2013 and the fourth quarter of 2014, the seasonally adjusted, purchase-only HPI rose in 48 states and the District of Columbia.