News Releases

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...

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...