Author:
Andrew Leventis, Principal Economist
Forrest Pafenberg, Senior Policy Analyst
Valerie L. Smith, Senior Policy Analyst
Jesse Weiher, Senior Economist
This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector and the primary and secondary mortgage markets, the secondary market activities of Fannie Mae and Freddie Mac, and the financial performance of the Enterprises in 2007. 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.