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News Release
November 04, 2024Today, the Federal Housing Finance Agency (FHFA) announced that Victoria Nahrwold has been named Deputy Director, Division of Enterprise Regulation (DER). Division of Enterprise Regulation provides management oversight, direction, and support for all examination activity involving the Enterprises, the development of supervision findings, and preparation of the annual reports of examination. The division monitors and assesses the financial condition and performance of the Enterprises and their compliance with regulations through annual on-site examinations and periodic visits. An examiner-in-charge leads examination activity at each Enterprise. Examination teams will expand further as DER continues to build towards a post-conservatorship future.
11/04/2024
Attachments:
Working Paper 24-06
Author:
Daniel Grodzicki, Sean Cannon, Christopher W. Davis, Ken Lam
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News Release
October 31, 2024The Federal Housing Finance Agency (FHFA) today issued an Advisory Bulletin (AB) that simplifies the process for project sponsors to receive Federal Home Loan Bank (FHLBank) funds for affordable housing projects. Each of the 11 FHLBanks operates an Affordable Housing Program (AHP) providing grants or subsidized advances to fund rental housing and homeownership opportunities for low- and moderate-income households. Nonprofits and other sponsors submit an application to the FHLBank, which includes a request for financial assistance to fill a project’s funding gap. FHFA, which oversees the FHLBanks, has heard feedback that the process is too burdensome.
10/30/2024
Attachments:
Annual Housing Report - 2024
This Annual Housing Report (Report) describes the affordable housing activities of the Enterprises during 2023 and meets the reporting requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (Safety and Soundness Act). The Report describes FHFA's final review of the Enterprises' 2023 housing goals performance and contains the results of FHFA's evaluations and ratings of the Enterprises' 2023 Duty to Serve performance.
10/29/2024
Attachments:
FHFA HPI Monthly - October 2024
U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent.
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News Release
October 29, 2024U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes from July 2024 to August 2024 ranged from -0.1 percent in the East North Central and New England divisions to +0.9 percent in the West North Central division. The 12-month changes were all positive, ranging from +2.4 percent in the West South-Central division to +6.3 percent in the East North Central division.
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Speech
October 28, 2024Good morning! Thank you, Bob Broeksmit and the MBA staff, for the opportunity to be here today. I’m also delighted that I get to share the stage with HUD Acting Secretary Todman. Director Thompson sends her regards and wishes she could have joined in person. This convention arrives as the nation continues to grapple with housing affordability challenges – both for homeownership and rental housing. I know that many of you are working overtime to extend access to sustainable credit to creditworthy borrowers, while also working to keep up with rapid innovation and changes within the housing market.
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News Release
October 28, 2024The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). The addition of appraisal data from FHA expands the scope of information in FHFA’s Uniform Appraisal Dataset (UAD), which comprises both annual appraisal-level data as well as aggregate statistics released every quarter. The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (together, the Enterprises).
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News Release
October 28, 2024The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and types, which in turn will promote access to sustainable credit for consumers,” said Director Sandra L. Thompson. “FHFA is committed to supporting current and aspiring homeowners, as well as renters, who face persistent affordability challenges in the housing market.”