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FHFA House Price Index Up 0.7 Percent in August
Washington, D.C. – U.S. house prices rose 0.7 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported 0.2 percent increase in July was revised downward to a 0.1 percent increase. For the 12...
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HARP Loans Continue Strong Pace in August
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its August Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Program (HARP) accounted for nearly one-quarter of all refinances in August. Nearly 99,000...
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FHFA Seeks Public Input on Building a New Infrastructure for the Secondary Mortgage Market
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released for public input a white paper on a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement. Developing a new securitization infrastructure is a key goal of the FHFA Strategic Plan...
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FHFA Announces Winning Investor in Chicago REO Pilot Initiative
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that The Cogsville Group, LLC has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned (REO) pilot initiative. All properties were sold near or above market value. FHFA launched the REO pilot...
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FHFA Reports Mortgage Interest Rates, August 2012
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 3.56 percent based on loans closed in...
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Fannie Mae and Freddie Mac Help More Than 2.4 Million with Foreclosure Prevention Actions
Washington, D.C. – Fannie Mae and Freddie Mac completed more than 129,000 foreclosure prevention actions in the second quarter of 2012, bringing the total foreclosure prevention actions to 2.4 million since the start of conservatorship in 2008 with 1.2 million of those actions being permanent loan...
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Agencies Reopen Comment Period on Swap Margin and Capital Proposed Rulemaking
Joint Release Board of Governors of the Federal Reserve System Farm Credit Administration Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency Five federal agencies on Wednesday reopened the comment period on a proposed rule to...
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FHFA House Price Index Up 0.2 Percent in July
Washington, D.C. – U.S. house prices rose 0.2 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.7 percent increase in June was revised downward to a 0.6 percent increase. For the 12 months...
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FHFA Sends Notice to Federal Register on State-Level Guarantee Fee Pricing
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice presenting an approach to adjust the guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge on single-family mortgages in states where costs related to foreclosure practices are...
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FHFA, Fannie Mae and Freddie Mac Launch New Representation and Warranty Framework
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are launching a new representation and warranty (rep and warranty) framework for conventional loans sold or delivered on or after Jan. 1, 2013. The new rep and warranty approach, part of a...