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HARP Refinances Top 3.2 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the total volume of mortgage refinances increased slightly in the third quarter. According to FHFA’s Refinance Report, total refinance volume for the third quarter exceeded 389,000, while refinances through the Home...
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FHFA Directs Fannie Mae and Freddie Mac to Change Requirement Relating to Sales of Existing REO
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac (the Enterprises) to alter one of their policies relating to the sale of real estate owned (REO) properties in their current inventory. The change will permit the two companies to sell existing...
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FHFA Index Shows Mortgage Interest Rates Increase in October
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from September to October, 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...
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FHFA House Price Index Rises for 13th Consecutive Quarter
Washington, D.C. – U.S. house prices rose 0.9 percent in the third quarter of 2014 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the 13th consecutive quarterly price increase in the purchase-only, seasonally adjusted index. The HPI is calculated using home...
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FHFA Announces 2015 Conforming Loan Limits: Unchanged in Most of the U.S.
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2015 will remain at $417,000 for one-unit properties in most of the country. The loan limits are established under the terms...
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FHFA Annual Guarantee Fee Report Tracks Adjustments from 2009 through 2013
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its sixth annual report on the single-family guarantee fees (g-fees) charged by Fannie Mae and Freddie Mac. The report includes data from 2009 through 2013 and shows that g-fees more than doubled over this period and...
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FHFA Announces Miami HARP Outreach Event Dec. 5
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced it will hold its fourth event to reach homeowners who could save as much as $200 per month through the Home Affordable Refinance Program (HARP). FHFA Director Mel Watt will join housing experts and community leaders on...
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FHFA Index Shows Mortgage Interest Rates Continue To Decline in September
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased slightly from August to September, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders...
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FHFA House Price Index Up 0.5 Percent in August
Washington, D.C. – U.S. house prices rose in August, up 0.5 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 0.1 percent increase in July was revised to reflect a 0.2...
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Six Federal Agencies Jointly Approve Final Risk Retention Rule
Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Development Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of Comptroller of the Currency Securities and Exchange Commission Six federal agencies approved a final rule...