OFHEO Issues “Mortgage Markets And The Enterprises In 2004”

August 29, 2005

WASHINGTON, DC – Steve Blumenthal, Acting Director of the Office of Federal Housing Enterprise Oversight (OFHEO), safety and soundness regulator for Fannie Mae and Freddie Mac today issued a research report, “Mortgage Markets and the Enterprises in 2004.”

The research report covers developments from 2003-2004 in the housing sector and primary mortgage market, the secondary market activities of the Enterprises, and the financial performance of the Enterprises in 2004.

Additionally, the appendix provides historical data on the Enterprises, loan limits, mortgage interest rates, housing activity and regional and national home prices.

Among major developments:

  • Mortgage originations were down sharply.
  • Originations of ARMs were at the highest level in years.
  • GSE purchases of mortgages were down significantly.
  • House price appreciation was exceptionally strong.
  • Growth in the Enterprises' mortgage portfolios was at the lowest level in years.

Source: OFHEO

Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.