Report Highlights

• ​Refinance volume rose slightly in April, ​​​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 FHFA House Price Index (HPI) reported a 0.8 percent increase in U.S. house prices in November from the previous month. From November 2013 to November 2014, house prices were up 5.3 percent. For the nine census divisions, seasonally adjusted monthly price changes from October 2014 to November 2014 ranged from -0.9 percent in the New England division to +1.8 percent in the East South Central division.

The Enterprises' Foreclosure Prevention Actions:

• Approximately 23,400 foreclosure prevention actions were completed in October, bringing the total to nearly 3.4 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.

November 2014 Highlights

• Refinance volume decreased slightly in November, continuing a trend of minor increases and decreases throughout the year. Mortgage rates have fallen from the highs observed in late 2013.

The 2013 Rep​ort to Congress presents the findings of the agency’s 2013 examinations of Fannie Mae and Freddie Mac (the Enterprises), the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance. It also details FHFA’s actions as conservator of Fannie Mae and Freddie Mac during 2013, as well as the agency’s regulatory guidance, research and publications.

First Quarter 2014 Highlights

• Refinance volume decreased in March, dropping to levels last observed in 2008. Mortgage rates have ranged between four to four and a half percent since June 2013. In March, mortgage rates increased: the average interest rate on a 30-year.

For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common Securitization Solutions will be assessed based on the following criteria:

Significant Findings​​:

• The seasonally adjusted, purchase-only HPI rose in 42 states and the District of Columbia during the first quarter of 2014 (up from 38 states during the fourth quarter of 2013). The top annual appreciation was in:  1) Nevada, 2) District of Columbia, 3) California, 4) Arizona, and 5) Florida.
• Of the nine census divisions, the Pacific division experienced the strongest increase in the first quarter, posting a 2.1 percent increase and a 13.2 percent increase since last year.

​​​The 2012 Conservatorship Scorecard provides the implementation roadmap for the new FHFA Strategic Plan​ announced in February 2012. The scorecard includes specific objectives and timetables for Fannie Mae and Freddie Mac (the Enterprises) in support of the strategic plan. This also includes details of Fannie Mae and Freddie Mac executive compensation programs.