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FHFA Index Shows Mortgage Interest Rates Slightly Lower in March 2014
Washington, D.C. – National data shows interest rates on mortgages declined slightly in March. According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.22 percent for loans closed...
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FHFA Announces $110 Million Settlement with First Horizon National Corporation
Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced a settlement for $110 million with First Horizon National Corporation, related companies and specifically named individuals. The settlement resolves claims in the lawsuit FHFA...
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FHFA Announces $280 Million Settlement with Barclays Bank PLC
Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced a settlement with Barclays Bank PLC, related companies and specifically named individuals for $280 million. The settlement resolves claims in the lawsuit FHFA v. Barclays Bank...
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FHFA House Price Index Up 0.6 Percent in February
Washington, D.C. – U.S. house prices rose in February, with an increase of 0.6 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The seasonally adjusted purchase-only index for the U.S. has shown...
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Fannie Mae and Freddie Mac Foreclosure Prevention Actions Top 3.1 Million
Washington, D.C. – Fannie Mae and Freddie Mac have completed more than 3.1 million foreclosure prevention actions since the start of conservatorship in 2008. These actions have helped more than 2.5 million borrowers stay in their homes, including nearly 1.6 million who received permanent loan...
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FHFA Index Shows Mortgage Interest Rates Decrease Slightly in February
Washington, D.C. – National data shows interest rates on mortgages decreased in February. Contract mortgage interest rates decreased 0.07 percent from January to February, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average...
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FHFA Announces $9.3 Billion Settlement With Bank of America Corporation
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement in cases involving Bank of America, Countrywide Financial, Merrill Lynch, and certain named individuals totaling approximately $5.83...
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FHFA House Price Index Up 0.5 Percent in January
Washington, D.C. – U.S. house prices rose in January, with an increase of 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 seasonally adjusted purchase-only index for the U.S. has shown...
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Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
Joint Release Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Consumer Financial Protection Bureau Federal Housing Finance Agency National Credit Union Administration Washington, D.C. – Six agencies today issued a...
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Federal Housing Finance Agency Announces Departure of Edward J. DeMarco
The Federal Housing Finance Agency (FHFA) today announced that Edward J. DeMarco will depart the Agency at the end of April. DeMarco, who served as Acting Director of the Agency from 2009 until January, 2014, submitted a letter confirming his departure date to Federal Housing Finance Agency...