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FHFA Directs Fannie Mae and Freddie Mac To Delay Guarantee Fee Changes
Washington, D.C. – In early December, the Federal Housing Finance Agency (FHFA) announced plans to increase the base guarantee fee (g-fee) for all mortgages by 10 basis points, update the up-front g-fee grid, and eliminate the up-front 25 basis point adverse market fee that has been assessed on all...
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U.S. Representative Melvin L. Watt Sworn in as Director of Federal Housing Finance Agency
PageContent Washington, D.C. – The Honorable Melvin L. Watt of Charlotte, North Carolina was sworn in today to a five-year term as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). The oath was administered by The Honorable Anthony Foxx, U.S. Secretary of...
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FHFA Recovers Nearly $8 Billion for Taxpayers in 2013 Through Settlements
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has recovered nearly $8 billion on behalf of taxpayers in 2013 through settlements with financial institutions that sold private-label securities (PLS) to Fannie...
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FHFA House Price Index Up 0.5 Percent in October, 2013
Washington, D.C. – U.S. house price appreciation continued in October 2013, with prices rising 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 October HPI change marks the twenty-first...
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FHFA Index Shows Mortgage Interest Rates Decrease in November 2013
Washington, D.C. – National data show interest rates on mortgages declined in November. Contract mortgage interest rates decreased 0.10 percent from October to November, 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 Milestone: More Than 3 Million Homeowners Helped by Foreclosure Prevention Programs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac have reached a significant milestone, completing more than 3 million foreclosure prevention actions since the start of conservatorship in September 2008. FHFA noted this milestone in its...
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FHFA Announces $1.9 Billion Settlement With Deutsche Bank
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 Deutsche Bank AG, related companies and specifically named individuals for $1.925 billion to resolve claims in FHFA v. Deutsche Bank AG, et al...
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FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the FHLBanks Regarding Annual Dodd-Frank Stress Tests
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which...
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HARP Volume Dips in Third Quarter
Washington, D.C. – Total refinance volume, including refinances through the Home Affordable Refinance Program (HARP), decreased in the third quarter of 2013 as mortgage interest rates steadily increased in the preceding months, according to the Federal Housing Finance Agency’s Third Quarter 2013...
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FHFA Seeks Public Input on Proposed Gradual Decrease of Future Fannie Mae and Freddie Mac Loan Purchase Limits
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is sending to the Federal Register a request for public input on the implementation of a plan to gradually reduce the maximum size of loans that Fannie Mae and Freddie Mac may purchase. Setting reduced “loan purchase limits” furthers the...