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FHFA Releases Fifth Annual Report to Congress
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress, detailing the agency’s 2012 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. In its fifth annual...
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Refinance Volume Remains High In March
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its March 2013 Refinance Report, which shows that refinance volumes remained high as mortgage rates rose slightly but stayed near historic low levels. Nearly 462,000 refinances took place in March, with nearly 100,000...
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Fannie Mae and Freddie Mac to Extend Loan Modification Programs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to extend two programs that help troubled borrowers stay in their homes. Both the Home Affordable Modification Program (HAMP) and the streamlined modification initiative will now be extended through...
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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...