News Releases

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but specified higher limits in certain cities and counties. The conforming loan limit is the maximum size of loans that Fannie Mae and...

PageContent 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 33 basis points to 6.16 percent in September. The average interest rate on 15-year, fixed-rate loans of...

Washington, D.C. – The Federal Housing Finance Agency today announced that the final September value of the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders was 6.17 percent. This is a decrease of 0.29 percent from the August value. Many...

​Washington, D.C. – James B. Lockhart, Director of the Federal Housing Finance Agency (FHFA), today announced the formal integration of three agencies into FHFA at an All Hands meeting with employees. FHFA, created July 30 in the Housing and Economic Recovery Act (HERA) to oversee Fannie Mae...

Washington, D.C. – U.S. home prices fell 0.6 percent on a seasonally-adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index, which was slightly less than the 0.8 percent fall in July. For the 12 months ending in August, U.S. prices fell 5.9...

***MEDIA ADVISORY*** CLARIFICATION TO TESTIMONY To clarify the last paragraph of page 3 of Director Lockhart’s testimony, the testimony should read: "The conservatorship and the access to credit from the U.S. Treasury provide an effective guarantee to existing and future debt holders of Fannie Mae...

Washington, D.C. – The Federal Housing Finance Agency’s (FHFA’s) Mortgage Metrics Report for the second quarter of 2008 was released today. The report presents key performance data on 30.6 million first lien residential mortgages with outstanding balances totaling $4.5 trillion serviced on behalf of...

Washington, D.C. – The Federal Housing Finance Agency (FHFA) expects to announce 2009 conforming loan limits for Fannie Mae and Freddie Mac by November 7. The limits define the maximum loan size of mortgages that can be purchased by the Enterprises. Under the Housing and Economic Recovery Act of...

Washington, D.C. – Director James B. Lockhart today announced a Fiscal Year (FY) 2009 budget of $120.8 million for the new Federal Housing Finance Agency (FHFA), created in the Housing and Economic Recovery Act of 2008 passed in July. The FY 2009 budget reflects the costs of regulating Fannie Mae...

PageContent Washington, D.C. – James B. Lockhart III, Director of the Federal Housing Finance Agency (FHFA), the safety and soundness regulator for Fannie Mae and Freddie Mac and the Federal Home Loan Banks, placed Fannie Mae and Freddie Mac into conservatorship on September 7, 2008. The capital...