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House Prices Increase Slightly in Third Quarter
Washington, D.C. – U.S. house prices rose modestly in the third quarter of 2009 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...
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FHFA Reports Mortgage Interest Rates, October 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 13 basis points to 5.10 percent in October. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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Fannie Mae and Freddie Mac Loan Mods Continue to Grow
Washington, D.C. - Fannie Mae and Freddie Mac completed nearly 32,000 home retention actions in August 2009, a 32 percent increase from July. Separately, trial mortgage loan modifications under the Administration’s Home Affordable Modification Program (HAMP) increased nearly 30 percent from...
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FHFA Releases 2009 Performance and Accountability Report
Washington, D.C. – Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) today released FHFA’s 2009 Performance and Accountability Report (PAR) detailing the agency’s performance and achievements for fiscal year 2009. "FHFA played a leadership role in working with other...
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Maximum Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged for 2010
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages originated in 2010 will remain unchanged from the maximum levels for 2009 originations. The maximum loan limits for counties across the United States can be found here...
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FHFA Reaffirms Undercapitalized Status of the Federal Home Loan Bank of Seattle
Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today announced that he has reaffirmed the status of the Federal Home Loan Bank of Seattle (Seattle Bank) as "Undercapitalized" under the FHFA’s Prompt Corrective Action Regulation. This determination...
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FHFA Refinance Report Shows Refinance Volumes Dropped in September; Mortgage Rates Still Higher than the Spring
Washington, D.C. – Fannie Mae and Freddie Mac refinanced more than 3.5 million mortgage loans in 2009 through September of this year. In the month of September, 262,000 mortgages were refinanced—a drop from the volume of the preceding month—with mortgage rates still higher than levels observed in...
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FHFA Refinance Report Shows Refinance Volumes Dropped in September
PageContent Washington, D.C. – Fannie Mae and Freddie Mac refinanced more than 3.5 million mortgage loans in 2009 through September of this year. In the month of September, 262,000 mortgages were refinanced—a drop from the volume of the preceding month—with mortgage rates still higher than levels...
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FHFA Sends Two Reports to Congress on Mortgage Market
Washington, D.C. – Acting FHFA Director Edward J. DeMarco today sent two reports to Congress pursuant to requirements of the Housing and Economic Recovery Act, passed in July 2008. The reports discuss a number of topics, including mortgage risk, Fannie Mae’s and Freddie Mac’s housing goal...
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FHFA Reports Mortgage Interest Rates, September 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 7 basis points to 5.23 percent in September. The average interest rate on 15-year, fixed-rate loans of $417,000 or...