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FHFA Sends Notice to Federal Register on Use of Eminent Domain to Restructure Performing Loans
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice indicating its concern with the proposed use of eminent domain to restructure performing home loans and inviting public input. As conservator of Fannie Mae and Freddie Mac and regulator of 12...
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HARP Refinances Continue Surge in First Half of 2012
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its June Refinance Report, which shows that one of every three refinances through Fannie Mae and Freddie Mac were made through the Home Affordable Refinance Program (HARP), the highest number since the inception of the...
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FHFA Reports Mortgage Interest Rates, June 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 3.67 percent based on loans closed in...
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FHFA House Price Index Up 0.8 Percent in May
Washington, D.C. – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.8 percent increase in April was revised downward to a 0.7 percent increase. For the 12 months...
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HARP Refinances Continue Surge
Washington, D.C. – Refinance volume is continuing to rise with more underwater borrowers refinancing through the Home Affordable Refinance Program (HARP) than ever before. According to the Federal Housing Finance Agency’s (FHFA) latest Refinance Report, HARP loans represented 20 percent of total...
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FHFA Announces Next Steps in REO Pilot Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the winning bidders in a real estate owned (REO) pilot initiative have been chosen and transactions are expected to close early in the third quarter. Market response has been robust with strong qualified bidder...
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FHFA Reports Mortgage Interest Rates, May 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 3.78 percent based on loans closed in...
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FHFA Announces Short Sale Assistance for Military Homeowners with Fannie Mae or Freddie Mac Loans
Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today announced changes to short sale policies that will make it easier for military homeowners with Fannie Mae and Freddie Mac loans to honor their financial commitments when they are required to move as part...
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FHFA House Price Index Up 0.8 Percent in April
Washington, D.C. – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the...
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FHFA Establishes Additional Anti-Fraud Measure for Fannie Mae, Freddie Mac and Federal Home Loan Banks
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has announced an initiative to complement current fraud reporting by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHFA is taking this additional step to ensure the regulated entities are not exposed to unnecessary risk from...