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Refinance Volume Continued to Slow in Second Quarter
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that more than 356,709 refinances were completed in the second quarter of 2017, compared with 510,074 in the first quarter. FHFA’s second quarter Refinance Report also shows that more than 9,700 loans were refinanced...
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FHFA Announces Modifications to High LTV Streamlined Refinance Program and Extension of HARP Through December 2018
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced modifications to the streamlined refinance program for borrowers with high loan-to-value (LTV) ratios. On August 25, 2016, FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) would implement a High LTV...
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FHFA Announces Deputy Director of the Division of Federal Home Loan Bank Regulation
Washington, D.C. – Federal Housing Finance Agency (FHFA) Director Melvin L. Watt today announced the appointment of Andre D. Galeano to the position of Deputy Director of the Division of Federal Home Loan Bank Regulation. Galeano will oversee the regulation and supervision of the 11 Federal Home...
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FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd...
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FHFA Reopens and Extends Deadline to September 1 On RFI to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is reopening and extending the input period to Sept. 1, 2017 to allow interested parties more time to consider additional information on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the...
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FHFA Index Shows Mortgage Rates Increased in June 2017
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from May to June, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.00...
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FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report updating the status and volume of credit risk transfer transactions through the first quarter of 2017. The Report gives a comprehensive picture of how Fannie Mae and Freddie Mac (the...
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FHFA House Price Index Up 0.4 Percent in May
Washington, D.C. – U.S. house prices rose in May, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.7 percent increase in April was revised downward to reflect a 0.6 percent...
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FHFA Announces $5.5 Billion Settlement with Royal Bank of Scotland
Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals (collectively RBS) for $5.5 billion. The settlement...
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FHFA Proposes 2018-2020 Housing Goals For Fannie Mae and Freddie Mac
Washington, D.C. – In accordance with the provisions of the Housing and Economic Recovery Act of 2008, the Federal Housing Finance Agency (FHFA) today proposed a rule that would establish new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020. FHFA is requesting...