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Home Prices Decline Slightly in Second Quarter
Washington, D.C. – U.S. home prices fell 0.7 percent in the second quarter of 2009 from the first quarter of 2009, according to the Federal Housing Finance Agency’s (FHFA) seasonally-adjusted purchase-only House Price Index (HPI). This decline is slightly larger than the 0.5 percent decline in the...
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FHFA Report Shows Refinance Volumes on the Rise for Fannie Mae and Freddie Mac
Washington, D.C. – Fannie Mae and Freddie Mac refinanced more than 2.9 million mortgage loans in 2009 through July of this year. Since the inception of the Home Affordable Refinance Program (HARP) in April, Fannie Mae and Freddie Mac refinanced almost 1.9 million mortgage loans through July. The...
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FHFA Reports Fannie Mae and Freddie Mac Foreclosure Prevention Efforts for May
Washington, D.C. – Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data...
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FHFA Director James Lockhart Outlines Progress and Challenges on Agency’s First Anniversary
Washington, D.C. – Federal Housing Finance Agency Director James B. Lockhart outlined FHFA’s accomplishments and the challenges ahead for the nation’s housing finance system during a program at the National Press Club. The event coincided with the first anniversary of the Housing and Economic...
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FHFA Reports Mortgage Interest Rates, June 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 24 basis points to 5.12 percent in June. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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U.S. Monthly House Price Index Estimates 0.9 Percent Price Increase from April to May
Washington, D.C. – U.S. home prices rose 0.9 percent on a seasonally-adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.1 percent decline in April was revised to a 0.3 percent decline. For the 12 months ending in...
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FHFA Reports Fannie Mae and Freddie Mac Foreclosure Prevention Efforts for April
Washington, D.C. – Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data...
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FHFA Launches New Integrated Accounting System
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has implemented a single, integrated accounting system—another major milestone for the young Agency. FHFA was established last July, by the Housing and Economic Recovery Act of 2008 (HERA). FHFA combines the functions of the former Office...
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FHFA Authorizes Fannie Mae and Freddie Mac to Expand Home Affordable Refinance Program to 125 Percent Loan-to-Value
PageContent Washington, D.C. – The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refinance Program (HARP) to homeowners who are current on their mortgage payments from the present loan-to-value ratio ceiling of 105 to 125 percent. With these...
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FHFA Reports Mortgage Interest Rates, May 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 1 basis point to 4.88 percent in May. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...