Author:
Valerie L. Smith, Senior Policy Analyst
Forrest Pafenberg, Senior Policy Analyst
Laura Goren, Research Assistant
This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector, activity in the primary and secondary mortgage markets, and the financial performance of Fannie Mae and Freddie Mac in 2005. An appendix provides tables with historical data on the activities and performance of the Enterprises, federally-established loan limits, mortgage interest rates, housing activity, and regional and national home prices, which provide a context for the survey of recent activity provided in the paper. The paper is part of OFHEO’s ongoing effort to enhance public understanding of the nation’s housing finance system.