Black Knight Financial Services' Data and Analytics division released its June 2015 Home Price Index report, finding that residential real estate transactions found that U.S. home prices were up 0.9 percent for the month, and have gained 5.1 percent year-over-year.
The report also found that the national HPI of $252,000 is now just 5.8 percent off its June 2006 peak of $268,000. In addition, the HPI is up over 26 percent from the market's bottom in January 2012. Leading the gains among the states is Michigan with 1.9 percent month-over-month appreciation. As far as the lowest appreciating states are concerned, Black Knight noted that even West Virginia, the lowest performing state, registered flat, rather than negative movement in June. The company says that this is a sign of the month’s overall positivity.
Fannie Mae and Freddie Mac have surpassed the credit risk transfer goals set by their conservator in just three years. According to the FHFA's Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions for August 2015 released Friday, the GSEs transferred significant credit risk on loans totaling more than $667 billion in unpaid principal balance. With the transfer of credit risk on loans totaling more than $667 billion in UPB, the GSEs have made substantial progress toward achieving the FHFA's goal of transferring more credit risk to the private sector.