News Releases

Washington, D.C. – Despite the extensive documentation provided to the The New York Times regarding the Office of Federal Housing Enterprise Oversight’s statements and actions that highlighted the risks faced by Fannie Mae and Freddie Mac and the shortcomings of the existing regulatory regime, the...

Washington, D.C. – Representatives of the Federal Housing Finance Agency, Fannie Mae, Freddie Mac and Hope Now announced today that the Streamlined Modification Program (SMP) was launched December 15th as planned. The SMP, which was developed by FHFA in conjunction with Fannie Mae, Freddie Mac, Hope...

Washington, D.C. – James B. Lockhart, Director of the Federal Housing Finance Agency today released the September 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...

I. Introduction The Housing and Economic Recovery Act of 2008 (HERA) authorized the Secretary of the Treasury to support Fannie Mae, Freddie Mac, or the Federal Home Loan Banks (FHLBs) by purchasing obligations and other securities from those government-sponsored enterprises (collectively, the...

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart today submitted to Congress the first 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...

Washington, D.C. – U.S. home prices fell 1.8 percent in the third quarter of 2008 from the previous quarter, according to FHFA’s seasonally-adjusted purchase-only House Price Index (HPI), which is based on data from repeat home sales. This decline was greater than the 1.4 percent decline in 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 decreased 4 basis points to 6.12 percent in October. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...

Washington, D.C. – James B. Lockhart, Director of the Federal Housing Finance Agency today released the first monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loan modification efforts of Fannie Mae and Freddie Mac. Details on Fannie Mae’s HomeSaver Advance...

Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart today urged loan servicers to support the new Streamlined Modification Program (SMP) announced November 11 by FHFA, the U.S. Treasury Department, the Federal Housing Administration (FHA), Fannie Mae, Freddie Mac and...

Washington, D.C. – James B. Lockhart, Director of the Federal Housing Finance Agency (FHFA), regulator of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks, today released the FHFA 2008 Performance and Accountability Report (PAR) detailing progress for FHFA, the Federal Housing Finance...