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FHFA Releases Letter on the Status of the Conservatorship of Fannie Mae and Freddie Mac
Washington, D.C. – Today Acting Director Edward J. DeMarco sent the following letter to Chairmen Frank and Dodd and Ranking Members Bachus and Shelby regarding the conservatorship of Fannie Mae and Freddie Mac. Attachments: Enterprise Conservatorship Status Letter ### The Federal Housing Finance...
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Refinance Volumes and HAMP Modifications Increased in December
Washington, D.C. – Fannie Mae and Freddie Mac initiated more than 485,000 mortgage loan modifications through December 2009, under the Administration’s Home Affordable Modification Program (HAMP). Total refinance volume increased in December, including those under the Home Affordable Refinance...
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FHFA Reports Mortgage Interest Rates, December 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 4 basis points to 5.05 percent in December. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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U.S. Monthly House Price Index Rises 0.7 Percent From October to November
Washington, D.C. – U.S. house prices rose 0.7 percent on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency’s monthly House Price Index. October’s previously reported 0.6 percent increase was revised downward to a 0.4 percent increase. For the 12...
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Administration Completes Implementation of Initiative to Support State and Local Housing Finance Agencies
Joint Release U.S. Department of the Treasury Department of Housing and Urban Development Federal Housing Finance Agency Washington, D.C. – The U.S. Department of the Treasury, together with the Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA...
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Fannie Mae and Freddie Mac Implement More Than 405,000 HAMP Mods
Washington, D.C. – The Federal Housing Finance Agency today released its third quarter Foreclosure Prevention & Refinance Report, which shows that as of November 2009, Fannie Mae and Freddie Mac (the Enterprises), implemented more than 405,000 trial and permanent loan modifications under the...
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FHFA Sends Final Rule to Federal Register for CDFIs to Become Members of FHLBs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a final rule implementing Section 1206 of the Housing and Economic Recovery Act of 2008 (HERA), which authorizes community development financial institutions (CDFIs) that have been certified by the CDFI...
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FHFA Reports Mortgage Interest Rates, November 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 1 basis point to 5.09 percent in November. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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Fannie Mae, Freddie Mac Executive Compensation Significantly Reduced from Pre-Conservatorship Levels
Washington, D.C. – FHFA Acting Director Edward J. DeMarco today detailed new executive management compensation programs for top executives at Fannie Mae and Freddie Mac. The programs were adopted by the Boards of Directors of Fannie Mae and Freddie Mac and approved by FHFA, in consultation with the...
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U.S. Monthly House Price Index Shows 0.6 Percent Increase From September to October
Washington, D.C. – U.S. house prices rose 0.6 percent on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.0 (zero) percent change in September was revised to a 0.4 percent decline. For the 12...