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Fannie Mae and Freddie Mac Help More Than 2.3 Million with Foreclosure Prevention Actions
Washington, D.C. – Fannie Mae and Freddie Mac have completed more than 2.3 million foreclosure prevention actions since the start of conservatorship in 2008, including 1.1 million permanent loan modifications. These actions, designed to help borrowers stay in their homes, are detailed in the Federal...
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FHFA Proposes Rule for PACE Programs
Washington, D.C. – As required by a preliminary injunction issued by the Northern District Court of California, the Federal Housing Finance Agency (FHFA) has sent to the Federal Register for publication and public comment a Notice of Proposed Rulemaking (NPR) concerning certain state and local...
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FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac, and Federal Home Loan Banks, 2012
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth annual Report to Congress, detailing the agency’s examinations of Fannie Mae and Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. FHFA has deemed that Fannie Mae...
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FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac, and the FHLBanks (2011)
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth annual Report to Congress, detailing the agency’s examinations of Fannie Mae and Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. FHFA has deemed that...
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HARP Refinances Surge in First Quarter; More Underwater Borrowers Helped
Washington, D.C. – The quarterly number of loans refinanced through the Home Affordable Refinance Program (HARP) has nearly doubled since HARP 2.0 was rolled out in January, according to the Federal Housing Finance Agency’s (FHFA) March 2012 Refinance Report. HARP refinances topped 180,000 in the...
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FHFA Announces Appointment to Coordinate the Strategic Plan for Fannie Mae and Freddie Mac Conservatorships
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced the appointment of Wanda I. DeLeo as Deputy Director leading a newly created Office of Strategic Initiatives. In this role Ms. DeLeo will be responsible for coordinating and overseeing activities...
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FHFA Reports Mortgage Interest Rates, April 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 ARM contracts, was 3.93 percent based on loans closed in April. Beginning in March...
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FHFA Receives Fourth Prestigious Fiscal Accountability Reporting Award
Washington, D.C. – On behalf of the Federal Housing Finance Agency (FHFA), Acting Director Edward J. DeMarco yesterday accepted the agency’s fourth consecutive Certificate of Excellence in Accountability Reporting (CEAR) award for the agency’s 2011 Performance and Accountability Report . The CEAR...
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U.S. House Prices Increase Slightly
Washington, D.C. – U.S. house prices rose modestly in the first quarter of 2012 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only House Price Index (HPI). The FHFA HPI was up 0.6 percent on a seasonally adjusted basis since the fourth quarter of 2011. The...
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FHFA Responds to Representatives Cummings and Tierney
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco today responded to a May 1 letter from Representatives Elijah Cummings and John F. Tierney about principal forgiveness. As part of the response, FHFA is releasing an April 12, 2012 letter and summaries of principal...