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FHFA Index Shows Mortgage Interest Rates Remain Low in April 2013
Washington, D.C. – National data show interest rates on mortgages are stable at low levels. Contract mortgage interest rates increased slightly in April—up 0.02 percent from March, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National...
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U.S. House Prices Rose 1.9 Percent in First Quarter 2013
Washington, D.C. – Upward momentum in U.S. house prices remained strong in the first quarter of this year, rising 1.9 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the seventh consecutive quarterly price rise in the...
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FHFA Receives Top Award for Fiscal Accountability Reporting
Washington, D.C. – The Federal Housing Finance Agency (FHFA) was honored with a fifth consecutive Certificate of Excellence in Accountability Reporting (CEAR) award last evening for the agency’s 2012 Performance and Accountability Report (PAR). The CEAR award is the highest award from the...
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Refinance Volume Continues Strong Pace Through February
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its February 2013 Refinance Report, which shows that refinance volumes remained high as mortgage rates hovered near historic low levels. More than 463,000 refinances took place in February, with 97,738 completed through the...
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FHFA Limiting Fannie Mae and Freddie Mac Loan Purchases to “Qualified Mortgages”
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that it is directing Fannie Mae and Freddie Mac to limit their future mortgage acquisitions to loans that meet the requirements for a qualified mortgage, including those that meet the special or temporary qualified mortgage...
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FHFA Releases Fannie and Freddie Reports on Viability of Their Multifamily Businesses Without Government Guarantees
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released reports prepared by Fannie Mae and Freddie Mac (the Enterprises) on their multifamily businesses. The reports were conducted at the direction of FHFA pursuant to its goal of contracting Fannie Mae and Freddie Mac’s overall...
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FHFA Issues Update on Development of a Common Securitization Infrastructure
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a progress report today on steps being taken to establish a Common Securitization Infrastructure for residential mortgage-backed securities. The update reflects feedback from a broad cross-section of industry participants following...
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FHFA Reports Mortgage Interest Rates, March 2013
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.54 percent based on loans closed in...
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FHFA House Price Index Up 0.7 Percent in February
Washington, D.C. – U.S. house prices rose 0.7 percent on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). For the 12 months ending in February, U.S. house prices rose 7.1 percent. The U.S. index is 13.6 percent...
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FHFA Announces Deputy Director of the Division of Federal Home Loan Bank Regulation
Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco announced today the promotion of Fred C. Graham to be Deputy Director of the Division of Federal Home Loan Bank Regulation. Graham will oversee the regulation and supervision of the Federal Home Loan Banks...