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Futureproofing the Federal Home Loan Bank System

By: Joshua Stallings

Families across the country are facing a significant housing affordability and supply crisis. From coast to coast, millions of Americans struggle to find affordable, safe, and decent housing, a challenge that has only intensified in recent years. This is an urgent problem that requires solutions from a variety of stakeholders at the national, state, and local levels.

 

  • News Release

    FHFA Releases 2nd Quarter 2024 Foreclosure Prevention and Refinance Report
    September 24, 2024
    The Federal Housing Finance Agency (FHFA) today released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 7,004,262 since the start of conservatorships in September 2008.
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09/24/2024

U.S. house prices rose 0.1 percent in July, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from July 2023 to July 2024. The previously reported 0.1 percent price decrease in June was revised upward to 0.0 percent.

Attachments:
FHFA HPI Monthly - September 2024

  • News Release

    FHFA House Price Index Up 0.1 Percent in July; Up 4.5 Percent from Last Year
    September 24, 2024
    U.S. house prices rose 0.1 percent in July, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from July 2023 to July 2024. The previously reported 0.1 percent price decrease in June was revised upward to 0.0 percent. For the nine census divisions, seasonally adjusted monthly price changes from June 2024 to July 2024 ranged from -0.7 percent in the South Atlantic division to +0.9 percent in the East North Central and New England divisions. The 12-month changes were all positive, ranging from +1.6 percent in the West South Central division to +7.5 percent in the East North Central division.
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09/24/2024
The Enterprises completed 46,378 foreclosure prevention actions in the second quarter of 2024, bringing the total to 7,004,262 since the start of conservatorships in September 2008. Of these actions, 6,299,035 have helped troubled homeowners stay in their homes, including 2,714,851 permanent loan modifications... More highlights
Attachments:
Foreclosure Prevention, Refi, & FPM Report - 2Q2024

The FHFA AI Compliance Plan outlines how FHFA will comply and achieve consistency with OMB Memorandum M-24-10 to ensure the responsible and ethical use of AI within the Agency while advancing and remaining in alignment with our mission to ensure that Fannie Mae and Freddie Mac (the “Enterprises”) and the FHLBanks (together, "the regulated entities") fulfill their own missions by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment.

Attachments:
FHFA 2024 AI Compliance Plan

  • News Release

    FHFA Releases Data Visualization Dashboard for Enterprises’ Multifamily Mortgage Acquisitions
    September 17, 2024
    The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. The tool, known as a data visualization dashboard, provides a more accessible way to view and understand data on multifamily mortgages. It is derived from the Public Use Database (PUDB) of mortgage acquisitions by Fannie Mae and Freddie Mac (the Enterprises).
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  • Statement

    Statement from Director Sandra L. Thompson on Diana Reid’s Appointment as CEO of the Federal Home Loan Mortgage Corporation (Freddie Mac)
    September 10, 2024
    FHFA Director Sandra L. Thompson issued the following statement on the Federal Home Loan Mortgage Corporation’s appointment of Diana Reid as its Chief Executive Officer: “I am delighted that Freddie Mac has selected Diana Reid as its next CEO. Diana brings with her decades of experience in mortgage banking and capital markets, as well as a proven track record of executive leadership. I look forward to working with her to build upon Freddie Mac’s mission to promote affordable housing throughout the country in a safe and sound manner. I am also grateful to Mike Hutchins for his leadership during this interim period as Freddie Mac completed its search for a permanent CEO. I look forward to working with the Freddie Mac team to ensure a smooth transition.”
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