News Releases

Washington, D.C. – The Federal Housing Finance Agency has sent to the Federal Register two interim final rules. The rules implement sections of the Housing and Economic Recovery Act of 2008 (PL 110-289) HERA, which required their submission within 180 days of its enactment on July 30, 2008...

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 66 basis points to 5.51 percent in December. The average interest rate on 15-year, fixed-rate loans of $417,000 or...

Washington, D.C. – U.S. home prices fell 1.8 percent on a seasonally-adjusted basis from October to November, more than the 1.1 percent decline in the prior month, according to the Federal Housing Finance Agency’s monthly House Price Index. For the 12 months ending in November, U.S. prices fell 8.7...

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart submitted to Congress the second 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, announced today that, effective with mortgage applications taken on or after Jan. 1, 2010, Freddie Mac and Fannie Mae are required to obtain loan-level identifiers for the loan originator, loan origination company...

Washington, D.C. – The Federal Housing Finance Agency today announced that Ronald A. Rosenfeld, Chairman of the Federal Housing Finance Board, resigned effective Dec. 31, 2008. In July 2008, the Federal Housing Finance Board was merged with the Office of Federal Housing Enterprise Oversight and the...

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 5 basis points to 6.17 percent in November. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...

Washington, D.C. – U.S. home prices fell 1.1 percent on a seasonally-adjusted basis from September to October, less than the 1.2 percent decline in the prior month, according to the Federal Housing Finance Agency’s monthly House Price Index. For the 12 months ending in October, U.S. prices fell 7.5...

Washington, D.C. – The Federal Housing Finance Agency, regulator of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks has revised two counties’ maximum conforming loan limits effective Jan. 1, 2009. For loans purchased by Fannie Mae and Freddie Mac, Blaine County, Idaho will have a new...

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney...