Annual Performance Plan 508

Strategic
Goal
Metric
Strengthen the Nation’s Housing Market to Bolster the Economy and Protect Consumers
Share of FHA-insured purchase
• Description: This measure will track the share FHA originations that are made to first-time homebuyers.
• Data source: Single-Family Data Warehouse and American Housing Survey
• Unit of measurement: Share of FHA originations that belong to first-time home buyers
• Dimension: Percent
• Calculation method: Percent of FHA originations made to first-time homebuyers.
• Frequency: (of reporting): Quarterly
• Direction: Increase
• Data quality (limitations/advantages of the data): We will rely on data from the Single-Family Data
Warehouse, which tracks the number of FHA loans to first-time homebuyers on a quarterly basis
• Measurement Validation, verification, and improvement of measure: American Housing Survey is
available every 2 years
Sequence: 2
Strategic
Objective
Metric
Ensure equal access to sustainable housing financing and achieve a more balanced housing market, particularly in
underserved communities.
Federal Housing Administration share of originations
• Description: This measure will show the percentage of mortgage originations in the housing market that
were made by FHA.
• Data source: FHA Single Family Data Warehouse, Corelogic TrueStandings; Mortgage Bankers Association
of America
• Unit of measurement: Percent of FHA Mortgage Originations
• Dimension: Percent
• Calculation method: Share of specified mortgage market over share of entire market
• Frequency: (of reporting): Quarterly
• Direction: Downwards
• Data quality (limitations/advantages of the data): We rely upon the MBa for total volumes and
CoreLogic for average loan amounts (used to derive loan counts). See limitations on these sources in SO
1A.
• Measurement Validation, verification, and improvement of measure: We discuss data quality with MBa
and with CoreLogic, and have open communications to express any concerns.
Sequence:3
Section Three: Additional Information
149