Author:

​Scott Smith, Associate Director, Office of Capital Policy

Jesse Weiher, Senior Economist

Motivated by the Great Recession in 2008, countercyclical capital regimes are now being considered by financial regulators. This paper provides a methodology on structuring a countercyclical capital requirement to achieve the goal of determining, at the time of acquisition, an amount of capital sufficient to survive a plausible but worst case stress period, in essence to fully capitalize the asset at acquisition.

Author:

Andrew Leventis, Principal Economist

Implications for the Impact of Reductions in the Conforming Loan Limits for Fannie Mae and Freddie Mac

Author:

​Paul B. Manchester, Principal Economist
Ian H. Keith, Senior Program Analyst

Author:

​Steve Holden, Fannie Mae
Austin Kelly, Federal Housing Finance Agency
Douglas McManus, Freddie Mac
Therese Scharlemann, ​​U.S. Department of the Treasury
Ryan Singer, Federal Deposit Insurance Corporation
John D. Worth, ​​National Credit Union Administration

Author:

​Robert N. Collender, Senior Policy Analyst
Forrest W. Pafenberg, Senior Policy Analyst
Robert S. Seiler, Jr., Manager for Policy Research

Author:

​Andrew Leventis, Senior Economist

Nondisclosure laws and other factors have hindered the production and release of median home price in many areas across the country. This paper attempts to fill the gaps and develops a simple approach to estimating median prices for a geographically complete set of areas.

The purpose of this Discussion Paper is to propose and seek comments on two new mortgage servicing compensation structures. On January 18, 2011, FHFA announced a Joint Initiative to consider alternatives for a new mortgage servicing compensation structure. FHFA directed Fannie Mae and Freddie Mac, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for single-family loans. The Joint Initiative’s primary goals were:

Author:

Forrest Pafenberg, Senior Policy Analyst

​Except where noted, all assumptions used to generate estimates of single-family mortgages originated and outstanding are as described in the paper, Single-Family Mortgages Originated and Outstanding: 1990 – 2004.

Author:

Andrew Leventis, Principal Economist

This Federal Housing Finance Agency (FHFA) research paper analyzes the impact of distressed home sales on house price measures, including the FHFA House Price Index. It is part of FHFA’s ongoing effort to enhance public understanding of the nation’s housing finance system.