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FHFA Issues Request for Input on Fannie Mae and Freddie Mac UMBS Pooling Practices
Washington, D.C. — The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) about Fannie Mae’s and Freddie Mac’s (the Enterprises’) pooling practices for the formation of “To-Be-Announced” (TBA)-eligible Uniform Mortgage-Backed Securities (UMBS). FHFA is also seeking...
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Agencies Propose Rule to Amend the Swap Margin Rule
Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of Comptroller of the Currency Five federal agencies today announced a proposal to change the swap margin rules to facilitate the...
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FHFA Releases New Strategic Plan and Scorecard for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a new Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a new 2020 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions. The Strategic Plan provides a framework for how FHFA...
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FHFA Announces Key Hires
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Jonathan McKernan will join FHFA as Senior Counsel for Policy. Also, Raphael “Raffi” Williams recently joined the Agency as its Press Secretary and Senior Communications Advisor. McKernan comes to FHFA from the U.S...
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Mortgage Translations Clearinghouse Now Includes Chinese and Spanish Language
Washington, D.C . – (October 23, 2019) – The Federal Housing Finance Agency (FHFA), Freddie Mac ( OTCQB:FMCC), and Fannie Mae (FNMA/OTCQB) today announced the addition of the traditional Chinese language resources to the Mortgage Translations clearinghouse. These enhancements to the existing...
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FHFA House Price Index Up 0.2 Percent in August; Up 4.6 Percent from Last Year
Washington, D.C. – U.S. house prices rose in August, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 4.6 percent from August 2018 to August 2019. The previously reported 0.4 percent increase for July 2019...
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FHFA Instructs FHLBanks to Begin Transitioning Away from LIBOR
Washington, D.C. – Today, FHFA sent a letter to the 11 Federal Home Loan Banks instructing them that, as of December 31, 2019, they should stop purchasing investments in assets tied to LIBOR with a contractual maturity beyond December 31, 2021. As of March 31, 2020, the Federal Home Loan Banks...
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FHFA Announces Agreement with Ms. Simone Grimes
Washington, D.C. – FHFA has reached a resolution with its employee, Simone Grimes. “Ms. Grimes brought forward serious issues and the Agency is pleased to have resolved these matters," said an Agency spokesperson. “I appreciate the Agency's attention and care to these issues. I felt that FHFA took...
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More Than 4.3 Million Homeowners Helped Since Conservatorships
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its second quarter 2019 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 31,757 foreclosure prevention actions in the second quarter of 2019, bringing the total number...
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FHFA House Price Index Up 0.4 Percent in July; Up 5.0 Percent From Last Year
Washington, D.C. – U.S. house prices rose in July, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.0 percent from July 2018 to July 2019. The previously reported 0.2 percent increase for June 2019 remains...