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FHFA Releases First Conservator’s Report on the Enterprises’ Financial Condition
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first Conservator’s Report on the Enterprises’ Financial Condition. The Conservator’s Report provides an overview of key aspects of the financial condition of Fannie Mae and Freddie Mac (the Enterprises) during...
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FHFA Reports Mortgage Interest Rates, July 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 4.78 percent based on loans closed in July. This is a decrease of 0.13...
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House Prices Rise in Second Quarter
Washington, D.C. – U.S. house prices rose in the second 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 Proposes Guidance to Restrict GSEs from Investing in Mortgages with Private Transfer Fee Covenants
Washington, D.C. – The Federal Housing Finance Agency is proposing a guidance for public comment that would restrict Fannie Mae, Freddie Mac and the Federal Home Loan Banks from investing in mortgages with private transfer fee covenants. The guidance would extend to mortgages and securities...
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FHFA Proposes Rule Establishing Office of Ombudsman
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has sent a Notice of Proposed Rulemaking to the Federal Register that would establish within FHFA an Office of the Ombudsman. The proposed rule also sets forth the authorities and duties of the Ombudsman. The Office of the Ombudsman would...
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FHFA Sends Proposed Rule on Practice and Procedure to Federal Register
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent a Notice of Proposed Rulemaking to the Federal Register on Rules of Practice and Procedure. The proposed rule would consolidate in FHFA the civil enforcement authorities of the Office of Federal Housing Enterprise Oversight...
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FHFA Reports Mortgage Interest Rates, June 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 4.91 percent based on loans closed in June. This is a decrease of 0.08...
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U.S. Monthly House Price Index Rises 0.5 Percent From April to May
Washington, D.C. – U.S. house prices rose 0.5 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 upward to 0.9 percent. For the 12 months ending in...
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FHFA Issues Subpoenas for PLS Documents
Washington, D.C. – FHFA, as Conservator of Fannie Mae and Freddie Mac (the Enterprises), has issued 64 subpoenas to various entities, seeking documents related to private-label mortgage-backed securities (PLS) in which the two Enterprises invested. The documents will enable the FHFA to determine...
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FHFA Report Concludes Fannie Mae and Freddie Mac Guarantee Fees Declined in 2008–2009
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) has found that the average total "g-fee" charged by Fannie Mae and Freddie Mac on single-family mortgages fell in 2009 relative to 2008, from 25 basis points to 22 basis points. The second annual report on Enterprise guarantee...