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08/22/2024

In establishing benchmarks for the single-family home purchase housing goals for Fannie Mae and Freddie Mac (the Enterprises), the Federal Housing Finance Agency (FHFA) is required to measure the size of the mortgage market. This FHFA technical report documents the statistical forecast models that the modeling team has developed as part of the process for establishing the affordable housing goal benchmark levels for Fannie Mae and Freddie Mac for 2025 through 2027.

Attachments:
2025-2027 EHG Proposed Rule Market Estimates

Land Price Appreciation During the COVID-19 Pandemic

Introduction

Land values are highly correlated with mortgage collateral risks and underlying location desirability; hence, these data are in high demand by researchers and policymakers. As a means with which to determine the replacement value of a structure, they are also important for estimating insurance premiums and executing rigorous climate scenario analysis.

Privacy Act System of Records Notice, Emergency Notification System, FHFA-14

SUMMARY:  In accordance with the requirements of the Privacy Act of 1974, as amended, (Privacy Act), the Federal Housing Finance Agency (FHFA or Agency) is proposing to modify the current FHFA system of records titled, “FHFA-14, Emergency Notification System” (System).  The system of records allows FHFA to maintain emergency contact information for current and former employees and contractors.

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07/30/2024

U.S. house prices were unchanged in May, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.7 percent from May 2023 to May 2024. The previously reported 0.2 percent price increase in April was revised upward to 0.3 percent.

Attachments:
FHFA HPI Monthly - July 2024

  • News Release

    FHFA House Price Index Unchanged in May; Up 5.7 Percent from Last Year
    July 30, 2024
    U.S. house prices were unchanged in May, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.7 percent from May 2023 to May 2024. The previously reported 0.2 percent price increase in April was revised upward to 0.3 percent.
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  • News Release

    Agencies Issue Final Rule to Help Ensure Credibility and Integrity of Automated Valuation Models
    July 17, 2024
    Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing those homes. The final rule is substantially similar to the proposalExternal link icon issued in June 2023.
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07/24/2024

This Report was prepared in accordance with the Equal Employment Data Pursuant to Title III of the Notification and Federal Employee Antidiscrimination and Retaliation Act of 2002 (No FEAR Act), Public Law 107–174. The No FEAR Act requires federal agency accountability for violations of antidiscrimination and whistleblower protection laws. Federal agencies must notify employees and applicants for employment about their rights under the federal antidiscrimination and whistleblower laws.

Attachments:
No FEAR Act Data FY24 Q3

Quality Control Standards for Automated Valuation Models

SUMMARY:  The OCC, Board, FDIC, NCUA, CFPB, and FHFA (collectively, the agencies) are adopting a final rule to implement the quality control standards mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) for the use of automated valuation models (AVMs) by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling.  Under the final rule, institutions that engage in certain credit decisions or securitization determinations must adopt policies, pr

Counting Comps: Exploring the Number of Comparable Properties in Home Appraisals

More than two-thirds of home appraisals associated with Enterprise-backed mortgages during the 2013-2021 period included five or more comparable properties, even though the Enterprises only require three comparables. However, the share of appraisals with five or more comparable properties decreased from 76 percent in 2013 to 59 percent in 2021, a drop of 17 percentage points.