News Releases

Washington, D.C. – Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, an increase of 76 percent over the third quarter. The modifications, along with the suspension of foreclosures that began November 26, reduced the number of foreclosures by nearly 27 percent...

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 decreased 6 basis points to 5.03 percent in February. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...

Washington, D.C. – U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index. December’s previously reported 0.1 percent increase was revised to a 0.2 percent decline. For the 12 months...

Today Director Lockhart sent the attached response letter to Chairman Frank regarding retention payments at Fannie Mae and Freddie Mac.Link to Revised Response Letter (3/20/2009) Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart submitted to Congress FHFA’s latest report as a Federal Property Manager (FPM) detailing actions it has taken to prevent unnecessary foreclosures. The report shows a 76 percent increase in loan modifications by...

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 decreased 42 basis points to 5.09 percent in January. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...

Washington, D.C. – ​U.S. home prices posted record declines in the fourth quarter of 2008 according to the Federal Housing Finance ​Agency’s House Price Index (HPI). The FHFA seasonally-adjusted purchase-only house price index, based on data from home sales, was 3.4 percent lower on a seasonally...

Washington, D.C. – The American Recovery and Reinvestment Act (ARRA), which was signed into law on Tuesday, increased the maximum conforming loan limit for mortgages originated in 2009. The increase affects 250 counties across the United States. For these areas, identified in the attached table...

​Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart submitted to Congress the latest report as a Federal Property Manager (FPM) detailing actions FHFA is taking to prevent unnecessary foreclosures. Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA)...

Washington, D.C. – James B. Lockhart, Director of the Federal Housing Finance Agency today released the November monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loss mitigation efforts of Fannie Mae and Freddie Mac as well as information on delinquencies...