Significant Findings: 

• The seasonally adjusted, purchase-only HPI rose in 38 states during the fourth quarter of 2013 (down from 48 states as reported during the third quarter). The top five states in annual appreciation: 1) Nevada 2) California 3) Arizona 4) Oregon 5) Florida.

​The Scorecard details specific priorities for Fannie Mae and Freddie Mac in 2013 that builds upon the three strategic goals announced in FHFA’s Strategic Plan for Enterprise Conservatorships released in 2012.

• Build. Build a new securitization infrastructure, including a common securitization platform; 

• Contract. Contract Fannie Mae and Freddie Mac’s dominant presence in the marketplace while simplifying and shrinking certain operations;

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 mortgage​s to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac.

This report provides monthly data and analysis on mortgage rates, refinance volume, and Home Affordable Refinance Program (HARP) volume by state, LTV buckets and other measures. ​

This report contains data on refinance program activity of Fannie Mae and Freddie Mac (the Enterprises) through November 2013.

Section 1601 of the Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to conduct an ongoing study of the guarantee fees charged by Fannie Mae and Freddie Mac and to submit annual reports to Congress, based on aggregated data collected from the Enterprises, regarding the amount of such fees and the criteria used by the Enterprises to determine them.

Section 1601 of the Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to conduct an ongoing study of the guarantee fees charged by Fannie Mae and Fred​​die Mac and to submit annual reports to Congress, based on aggregated data collected from the Enterprises, regarding the amount of such fees and the criteria used by the Enterprises to determine them. This report, the first prepared by FHFA in fulfillment of Section 1601, covers guarantee fees charged by the Enterprises in 2007 and 2008.

The Enterprises Highlights 

(Freddie Mac and Fannie Mae) 

• Combined third quarter earnings of $39.2 billion

• Release of a substantial portion of the valuation allowance on deferred tax assets (DTA) at Freddie Mac contributes $23.9 billion to quarterly net income

• Continued improvement in national house prices drove financial results

• Credit quality of new single-family business remained high​

FHFA uses the purchase prices of houses with mortgages owned or guaranteed by Fannie Mae or Freddie Mac to calculate the monthly index. Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the attachment.​

Related News Release​

​This report summarizes data provided by Fannie Mae and Freddie Mac and gives a comprehensive view of their efforts to assist borrowers through forbearance, payment plans, and loan modification, and other alternatives to foreclosure such as short sales and deeds in lieu. The report focuses on the delinquencies, loss mitigation actions, and foreclosure data reported bymore than 3,000 approved servicers​.

Related News Release

The Strategic Plan for 2009-2014 details FHFA’s Strategic Goals and objectives that underlie the actions we will take to restore the financial health of the Enterprises, enhance the FHLBank System, and contribute to the strength and stability of the nation’s housing finance market and affordable housing. ​This plan sets three strategic goals for FHFA:

1. The housing GSEs operate in a safe and sound manner and comply with legal requirements.