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FHFA Indices Show Little Movement in Mortgage Interest Rates
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages were nearly flat from March to April, 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...
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U.S. House Prices Rise 1.3 Percent in First Quarter; 19 Consecutive Quarterly Increases
Washington, D.C. – U.S. house prices rose 1.3 percent in the first quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the nineteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index. House prices rose 5.7...
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Agencies Invite Comment on Proposed Rule to Prohibit Incentive-Based Pay that Encourages Inappropriate Risk-Taking in Financial Institutions
Joint Release Federal Deposit Insurance Corporation Federal Housing Finance Agency Federal Reserve Board of Governors National Credit Union Administration Office of the Comptroller of the Currency Securities and Exchange Commission Six federal agencies are inviting public comment on...
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HARP Refinances Surpass 3.4 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that more than 3.4 million homeowners have refinanced their mortgages through the Home Affordable Refinance Program (HARP). FHFA's first quarter Refinance Report shows that more than 19,000 HARP refinances were completed...
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FHFA Adjusts Multifamily Lending Caps for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that it has increased the 2016 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) from $31 billion to $35 billion, effective immediately. The adjustment is consistent with FHFA's 2016 Scorecard for...
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FHFA Index Shows Mortgage Interest Rates Decreased in March
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, 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 3...
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FHFA House Price Index Up 0.4 Percent in February
Washington, DC – U.S. house prices rose in February, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.5 percent increase in January was revised downward to reflect...
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FHFA Announces Principal Reduction Modification Program and Further Enhancements to NPL Sales Requirements
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers who are still struggling in the aftermath of the financial crisis to help them avoid foreclosure and stay...
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FHFA Index Shows Mortgage Interest Rates Decreased in February
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from January to February, 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 3...
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Foreclosure Prevention Actions Top 3.6 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 47,769 foreclosure prevention actions in the fourth quarter of 2015, bringing the total number of foreclosure prevention actions to over 3.6 million since the start of the...