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FHFA Announces New HARP Outreach Efforts
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced it is taking new steps to reach homeowners who could benefit from the Home Affordable Refinance Program (HARP). FHFA Director Mel Watt will join housing experts and community leaders in a town hall-style meeting at the...
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U.S. House Prices Flat in April
W a s hi n g t on , D.C. – The Federal Housing Finance Agency (FHFA) today reported that its monthly House Price Index (HPI) showed no change ( 0.0 percent) in U.S. house prices for April from the prior month. The monthly change in the FHFA HPI for March remained at 0.7 percent as previously...
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FHFA Announces Settlement with RBS
Washington, DC – The Federal Housing Finance Agency (FHFA), as conservator of Freddie Mac, today announced a settlement for $99.5 million with RBS Securities, Inc. (RBS). The settlement resolves claims against RBS in FHFA v. Ally Financial Inc. in the Southern District of New York, alleging...
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FHFA Releases 2013 Report to Congress
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its 2013 Report to Congress, which details the findings of the agency's 2013 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 12 Federal Home Loan Banks (FHLBanks) and the FHLBanks' joint Office of Finance. The...
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FHFA Seeks Input on Fannie Mae and Freddie Mac Guarantee Fees
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced it is requesting input on the guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge lenders. In January 2014, FHFA Director Mel Watt suspended the implementation of g-fee changes announced by the FHFA in...
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FHFA Index Shows Mortgage Interest Rates Increase Slightly in April 2014
Washington, DC – National data shows interest rates on mortgages slightly increased, 0.02 percent from March to April, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously...
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Refinances Trending Downward
Washington, DC – The total volume of mortgage refinances continued to decline through the first three months of 2014, according to the Federal Housing Finance Agency's First Quarter 2014 Refinance Report. Total refinance volume for the first quarter topped 370,000 while refinances through the Home...
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FHFA House Price Index Rises for Eleventh Consecutive Quarter
Washington, DC – U.S. house prices rose 1.3 percent in the first quarter of 2014 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the eleventh consecutive quarterly price increase in the purchase-only, seasonally adjusted index. "Although the first quarter...
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FHFA Launches Social Media Accounts
Washington, D.C. – The Federal Housing Finance Agency (FHFA) will soon launch its official Twitter handle, @FHFA, to increase the availability and accessibility of FHFA news. FHFA will use @FHFA to tweet links to speeches, testimony, news releases, research papers, monthly and quarterly reports and...
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FHFA Announces Results of Fannie Mae and Freddie Mac Stress Tests
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a report providing updated information on possible ranges of future financial results of Fannie Mae and Freddie Mac under specified scenarios. The report, Projections of the Enterprises’ Financial Performance, reflects...