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Fannie Mae and Freddie Mac Foreclosure Prevention Actions Down in Second Quarter
Washington, D.C. – Fannie Mae and Freddie Mac (the Enterprises) have completed nearly 1.8 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008. More than half of these actions resulted in loan modifications. According to the Federal Housing...
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FHFA Reports Mortgage Interest Rates, July 2011
Washington, D.C. – The Federal Housing Finance Agency 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 4.57 percent based on loans closed in July. This is a decrease of 0.05...
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House Prices Fall 0.6 Percent in Second Quarter 2011
Washington, D.C. – U.S. house prices were 0.6 percent lower in the second quarter than in the first quarter of 2011 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...
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FHFA, Treasury, HUD Seek Input on Disposition of Real Estate Owned Properties
Joint Release Federal Housing Finance Agency Department of Housing and Urban Development U.S. Department of the Treasury Washington, D.C. – The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development...
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FHFA Announces Completion of RefCorp Obligation and Approves FHLB Plans to Build Capital
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that the 12 Federal Home Loan Banks (Banks) have fulfilled their obligation to pay interest on Resolution Funding Corporation (RefCorp) bonds. FHFA also announced that it has approved amended capital plans for all Banks...
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FHFA Sues UBS to Recover Losses to Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), has filed a lawsuit in the federal district court for the Southern District of New York against UBS Americas, Inc., and related defendants alleging violations of federal...
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FHFA Reports Mortgage Interest Rates, June 2011
Washington, D.C. – The Federal Housing Finance Agency 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 4.62 percent based on loans closed in June. This is a decrease of 0.12...
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FHFA House Price Index Rises 0.4 Percent in May
Washington, D.C. – U.S. house prices rose 0.4 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 to a 0.2 percent increase. For the 12 months ending...
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FHFA Reports Mortgage Interest Rates, May 2011
Washington, D.C. – The Federal Housing Finance Agency 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 4.74 percent based on loans closed in May. This is a decrease of 0.06...
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Agencies Extend 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 have approved and will submit a Federal Register notice that extends...