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Simplifying the Borrower Mortgage Assistance Experience
When a borrower is having trouble making their mortgage payment, one of the first things they need to do – after contacting their servicer – is to complete a mortgage assistance application. Ensuring that the application process is straightforward and as easy to navigate as possible is one of the...
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Standardizing Mortgage Data through the Uniform Mortgage Data Program
Since May 2010, Fannie Mae and Freddie Mac, or the Enterprises, have been working to create data standardization of information provided by the mortgage industry. A key component of data standardization is the Uniform Mortgage Data Program® (UMDP®). This common approach to capturing and distributing...
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FHFA Hosts Single-Family Rental Workshop
On June 28, the Federal Housing Finance Agency (FHFA) hosted more than 60 housing industry professionals – ranging from advocacy groups and investors, lenders and non-profits, to service providers and researchers – for a day-long discussion to better understand the single-family rental market and...
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FHFA Celebrates National Homeownership Month
June is National Homeownership Month. The Federal Housing Finance Agency (FHFA) joins the housing community in supporting opportunities for individuals and families to become homeowners. So how is FHFA involved in the homeownership process? What's FHFA's Role? FHFA was established by the Housing and...
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Now Available: Fannie Mae and Freddie Mac’s Proposed Duty to Serve Plans – We Want to Hear From You
Fannie Mae and Freddie Mac (the Enterprises) recently released proposed Underserved Markets Plans as part of the Duty to Serve Program, required by Congress in the Housing and Economic Recovery Act of 2008 (HERA). These proposed Plans are the Enterprises’ first step to implement the provisions of...
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Video Shows How the FHFA House Price Index is Calculated
Every month, FHFA publishes a House Price Index (HPI) which measures the movement of prices for single-family homes in the United States. The monthly reports include indexes for all nine census divisions and the U.S. as a whole. Each quarter, FHFA publishes a more comprehensive report that includes...
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A Message to Borrowers Struggling With Mortgage Debt: Check Your Mail!
Check your mail because Fannie Mae and Freddie Mac are offering a one-time Principal Reduction Modification to certain borrowers who are still struggling in the aftermath of the financial crisis. If you are eligible, a principal reduction modification could help you avoid foreclosure and stay in...
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Three Easy Steps to HARP: How Homeowners Can Save Thousands
The Federal Housing Finance Agency (FHFA) just extended the deadline for the Home Affordable Refinance Program, or HARP, to September 30, 2017, but with current rates at historic lows there is still time to act. Refinancing through HARP is a streamlined process, and more than 3.4 million homeowners...
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Update on FHFA’s Proposed Rule on Duty to Serve Underserved Markets
In December 2015, the Federal Housing Finance Agency (FHFA) issued a proposed rule that would implement "Duty to Serve" provisions included in the Housing and Economic Recovery Act of 2008. The statute establishes a "duty" for Fannie Mae and Freddie Mac (the Enterprises) to provide leadership to...
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FHFA Launches Map of Potentially Eligible Borrowers for Principal Reduction Modification
After the announcement on April 14, 2016 that Fannie Mae and Freddie Mac will be offering a one-time Principal Reduction Modification program, one of the main questions we received was "where are eligible borrowers located?" Today, we are launching an interactive online map on FHFA.gov that...