March 1, 2010 Posted by FHFA
Washington, DC - March 1, 2010 - (RealEstateRama) — Federal Housing Finance Agency Acting Director Ed DeMarco today announced the extension of the Home Affordable Refinance Program, (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2011.
February 25, 2010 Posted by FHFA
Washington, DC - February 25, 2010 - (RealEstateRama) — U.S. house prices fell slightly in the fourth 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 Maeand Freddie Mac-acquired mortgages, was 0.1 percent lower on a seasonally adjusted basis in the fourth quarter than in the third quarter of 2009. Over the year ending with the fourth quarter of 2009, seasonally adjusted prices fell 1.2 percent. The quarterly report analyzing housing price appreciation trends was released today by FHFA Acting Director Ed DeMarco.
February 25, 2010 Posted by FHFA
Washington, DC - February 25, 2010 - (RealEstateRama) — 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 increased 5 basis points to 5.10 percent in January. The average interest rate on 15-year, fixed-rate loans of $417,000 remained unchanged at 4.54 percent in January. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchasemoney mortgages. These results reflect loans closed during the January 25-31 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late-December.
February 17, 2010 Posted by FHFA
Washington, DC - February 17, 2010 - (RealEstateRama) — The Federal Housing Finance Agency (FHFA) has sent a proposed rule to the Federal Register establishing new housing goals for Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 (HERA) gave FHFA authority for establishing housing goals for the Enterprises. Previously the Department of Housing and Urban Development (HUD) set the Enterprises’ housing goals.
January 29, 2010 Posted by FHFA
Washington, DC - January 29, 2010 - (RealEstateRama) — 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 Program (HARP). The data were released by Edward J. DeMarco, […]
January 26, 2010 Posted by FHFA
Washington, DC - January 26, 2010 - (RealEstateRama) — 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 decreased 9 basis points to 4.54 percent in December. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchase-money mortgages. These results reflect loans closed during the December 24-31 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late- November.
January 13, 2010 Posted by FHFA
WASHINGTON, DC - January 13, 2010 - (RealEstateRama) — The U.S. Department of the Treasury, together with the Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) today announced the completion of all transactions under the recently-introduced state and local Housing Finance Agency (HFA) Initiative, a key element of the Obama Administration’s Homeowner Affordability and Stability Plan. With these transactions, the Obama Administration helps support low mortgage rates and expands resources for low and middle income borrowers to purchase or rent homes that are affordable over the long term. Government Sponsored Enterprises Fannie Mae and Freddie Mac played a central role in both Initiative design and transaction execution. The HFA Initiative is expected to come at no cost to taxpayers.
December 24, 2009 Posted by FHFA
Washington, DC - December 24, 2009 - (RealEstateRama) — 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 months ending in October, U.S. prices fell 1.9 percent. The U.S. index is 10.8 percent below its April 2007 peak.
December 24, 2009 Posted by FHFA
Washington, DC - December 3, 2009 - (RealEstateRama) — The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or ess decreased 1 basis point to 5.09 percent in November.
November 24, 2009 Posted by FHFA
Washington, DC - November 24, 2009 - (RealEstateRama) — 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 Maeand Freddie Mac-acquired mortgages, was 0.2 percent higher on a seasonally adjusted basis in the third quarter than in the second quarter of 2009. Over the past year, seasonally adjusted prices fell 3.8 percent from the third quarter of 2008 to the third quarter of 2009. The quarterly report analyzing housing price appreciation trends was released today by FHFA Acting Director Edward J. DeMarco
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