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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...
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FHFA Announces First Winning Bidder in REO Pilot Initiative
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Pacifica Companies, LLC has purchased 699 Fannie Mae properties in Florida as part of a real estate owned (REO) pilot initiative. FHFA will announce the winning investors for properties in other areas upon closing of...
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HARP Refinances Continue Strong Pace in July
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its July Refinance Report, which shows a key milestone was reached when more than 519,000 loans were refinanced through Fannie Mae and Freddie Mac under the Home Affordable Refinance Program (HARP) since the beginning of...
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FHFA Announces Increase in Guarantee Fees
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees (g-fees) on single-family mortgages by an average of 10 basis points. The changes to g-fee pricing represent a step toward encouraging greater...
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FHFA Reports Mortgage Interest Rates, July 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 3.66 percent based on loans closed in...
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U.S. House Prices Rose 1.8 Percent From First Quarter to Second Quarter 2012
Washington, D.C. – U.S. house prices rose 1.8 percent from the first quarter to the second quarter of 2012 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only House Price Index (HPI). The HPI is calculated using home sales price information from Fannie Mae and...
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FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program. The streamlined program rules...
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Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages
Joint Release Federal Housing Finance Agency Department of Housing and Urban Development U.S. Department of the Treasury Washington, D.C. – Six federal financial regulatory agencies today issued a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans." The...