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Agencies Announce Consideration of Risk Retention Notice of Proposed Rulemaking
Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Development Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency Securities and Exchange Commission The staffs of the Office of the Comptroller...
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U.S. Monthly House Price Index Declined 0.3 Percent from December to January
Washington, D.C. – U.S. house prices declined 0.3 percent on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decrease in December was revised downward to a 1.0 percent decrease. For...
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FHFA Extends Refinance Program by One Year, 2011
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco has announced an extension of the Home Affordable Refinance Program (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2012. The program was set to expire on June 30 of this year...
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Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009
Washington, D.C. – The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second...
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House Price Index Falls 0.8 Percent in Fourth Quarter 2010
Washington, D.C. – U.S. house prices fell in the fourth quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was...
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FHFA Reports Mortgage Interest Rates, January 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 4.71 percent based on loans closed in January. This is an increase of 0...
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FHFA Posts Discussion Documents on Mortgage Servicing Compensation Initiative
Washington, D.C. – The Federal Housing Finance Agency on Jan. 18 announced a joint initiative to consider alternatives for a new mortgage servicing compensation structure. As part of that effort, FHFA has established a dedicated web link to post information, including background materials and issues...
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FHFA Proposes Rule on Private Transfer Fee Covenants
Washington, D.C. – FHFA today sent a proposed rule to the Federal Register to begin formal rulemaking on private transfer fees. This rulemaking, which addresses comments received on a previously proposed guidance, would limit Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from dealing in...
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FHFA Announces Consolidation of Office Locations
Washington, D.C. – FHFA Acting Director Edward J. DeMarco today announced the agency will consolidate its three office locations into one, moving from Northwest, Washington, D.C. to Constitution Center at 400 Seventh St., Southwest. FHFA anticipates the move beginning in November 2011. "This move...
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FHFA Reports Mortgage Interest Rates, December 2010
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 4.58 percent based on loans closed in December. This is an increase of...