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FHFA Statement on Freddie Mac Loan-Level Data Release
"The Federal Housing Finance Agency (FHFA) is pleased that an important step toward returning private capital to the mortgage market occurred today. At FHFA’s direction, Freddie Mac has released historical single-family, loan-level credit performance data. We expect Fannie Mae to release data...
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FHFA Statement on CFPB Mortgage Servicing Transfer Bulletin
"The Federal Housing Finance Agency (FHFA) supports the CFPB’s efforts to improve servicer compliance with legal requirements related to mortgage servicing transfers. FHFA shares the goal of improving servicer performance, which will result in better outcomes for both consumers and investors. "FHFA...
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FHFA Statement on Fannie Mae Agreement with Bank of America
The Federal Housing Finance Agency (FHFA) has approved an agreement between Fannie Mae and Bank of America to resolve certain claims related to mortgages sold to Fannie Mae between 2000 and 2008, including the repurchase of approximately 30,000 loans by Bank of America. In addition, FHFA has...
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FHFA Statement on LIBOR
"FHFA has not substantiated any particular LIBOR-related losses for Fannie Mae and Freddie Mac. We continue to evaluate issues associated with LIBOR and monitor LIBOR-related developments, recognizing that other Federal agencies are also involved in related matters. FHFA has not made any...
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FHFA Statement on REO Pilot Transactions
The Federal Housing Finance Agency (FHFA) is encouraged by the results of Fannie Mae's first Real Estate Owned (REO) pilot transactions and remains committed to pursuing efforts that build upon the success of this initiative. This is in keeping with FHFA's Strategic Plan for the Enterprise...
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Changes to Fannie Mae and Freddie Mac Preferred Stock Purchase Agreements
PageContent "The steps taken today between the Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, and the U.S. Department of the Treasury to amend the Preferred Stock Purchase Agreements (PSPAs) are important for ensuring stability in the housing finance market...
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Letter to Congress on the Use of Principal Forgiveness by Fannie Mae and Freddie Mac
Federal Housing Finance Agency Office of the Director July 31, 2012 The Honorable Tim Johnson Chairman Committee on Banking, Housing and Urban Affairs Unites States Senate Washington, D.C. 20510 The Honorable Richard C. Shelby Ranking Member Committee on Banking, Housing and Urban Affairs United...
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Statement by Edward J. DeMarco, Acting Director, FHFA, on the Use of Principal Forgiveness by Fannie Mae and Freddie Mac
Today, I provided a response to numerous congressional inquiries as to whether the Federal Housing Finance Agency (FHFA) would direct Fannie Mae and Freddie Mac to implement the Home Affordable Modification Program Principal Reduction Alternative (HAMP PRA). After extensive analysis of the revised...
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Statement by Federal Housing Finance Agency on FHFA Lawsuit Against Illinois Tax Officials
"The Federal Housing Finance Agency recognizes the difficulties faced by local officials that are struggling with shrinking tax bases. However, FHFA must resist when local governments impose unlawful tax-raising programs on Fannie Mae and Freddie Mac that, in turn, create a cost for taxpayers across...
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Statement of FHFA Acting Director, Edward J. DeMarco, on Appointment of Timothy J. Mayopoulos as CEO of Fannie Mae
PageContent "I am pleased that the Fannie Mae Board of Directors has selected Timothy J. Mayopoulos to become President and Chief Executive Officer (CEO) of Fannie Mae. Tim brings a breadth of knowledge and experience in housing finance and financial services that is vital at this important time for...