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Research

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2025-2027 Enterprise Single-Family Housing Goals - December 2024

    In establishing benchmarks for the single-family home purchase and refinance goals for Fannie Mae and Freddie Mac (the Enterprises), the Federal Housing Finance Agency (FHFA) is required to measure the size of the affordable mortgage market. This FHFA technical report documents the statistical...

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2025-2027 Enterprise Single-Family Housing Goals

    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...

  • Briefs, Notes & White Papers

    FHFA Mortgage Analytics Platform (Version 3.0)

    ​This white paper incorporates the following major enhancements and updates reflected in the third version of the Single-family FHFA Mortgage Analytics Platform (FMAP v3.0) since version 2.0 of FMAP was released in May 2020.

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2022-2024 Enterprise Single-Family Housing Goals - December 2021

    In establishing benchmarks for the single-family home purchase and refinance goals for Fannie Mae and Freddie Mac (the Enterprises), the Federal Housing Finance Agency (FHFA) is required to measure the size of the affordable mortgage market.  This FHFA technical report documents the statistical...

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2022-2024 Enterprise Single Family Housing Goals

    Author: ​​Ken Lam, Omena Ubogu, Jay Schultz, and Padmasini Raman 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...

  • Briefs, Notes & White Papers

    FHFA Mortgage Analytics Platform (Version 2.0)

    This version of the white paper incorporates the following two major updates to the FHFA Mortgage Analytics Platform:

    Re-estimated performing loan equations for 30-year fixed rate, 15-year fixed rate, and 5/1 adjustable-rate mortgages. The re-estimated equations incorporated new explanatory...

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2018-2020 Enterprise Single-Family Housing Goals

    Author: ​Ken Lam, Jay Schultz, and Padmasini Raman ​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. FHFA has recently...

  • Briefs, Notes & White Papers

    The Size of the Affordable Mortgage Market: 2015-2017 Enterprise Single-Family Housing Goals

    Author: ​Jay Schultz​​​ In establishing benchmarks for the 2015, 2016, and 2017 single-family mortgage 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 paper documents the...

  • Briefs, Notes & White Papers

    FHFA Brief 14-2: First-Time Homebuyer Share and House Price Growth

    Author: ​Saty Patrabansh, Andrew Leventis, and Nayantara Hensel Abstract: This Brief provides historical, state-by-state statistics on the share of purchase-money mortgages for primary homes obtained by first-time homebuyers from 1996 to 2013. It also examines the relationship between first-time...

  • Briefs, Notes & White Papers

    FHFA Mortgage Analytics Platform (Version 1.0)

    Author: Robert M. Dunsky*, Xiaoming Zhou, Michael Kane, Ming Chow, Charles Hu, Andrew Varrieur * Lead Author Background & Introduction The Federal Housing Finance Agency (FHFA) maintains a proprietary Mortgage Analytics Platform to support the Agency’s strategic plan. The objective of this white...