Authors Posts by FHFA

The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.  The Act created a world-class, empowered regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  In addition, this law combined the staffs of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the GSE mission office at the Department of Housing and Urban Development (HUD).

Contact:

1700 G Street, NW
4th Floor
Washington, DC 20552
Phone: (866) 796-5595

Corinne Russell
(202) 414-6921
Stefanie Mullin
(202) 414-6376

FHFA Announces Significant Steps in Organization of Joint Venture to Establish Common Securitization Platform

WASHINGTON, D.C. - October 8, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) announced today that the joint venture between Fannie Mae and Freddie Mac that will build and operate a new common securitization platform has reached some important milestones. A Certificate of Formation has been filed with the Secretary of State of the State of Delaware, establishing Common Securitization Solutions, LLC? (CSS) as a limited liability company. This establishes CSS as a legally recognized entity and marks an important step in creating the joint venture, which is an equally-owned subsidiary of Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac Foreclosure Prevention Actions Top 2.9 Million

WASHINGTON, D.C. - October 7, 2013 - (RealEstateRama) -- Fannie Mae and Freddie Mac have completed more than 2.9 million foreclosure prevention actions since the start of conservatorship in 2008. These actions have helped approximately 2.4 million borrowers stay in their homes, including more than 1.4 million who received permanent loan modifications. During the first half of 2013, Fannie Mae and Freddie Mac completed more than 247,000 foreclosure prevention actions, 117,000 of these in the second quarter. The majority of these allowed troubled borrowers to save their homes. The results are detailed in the Federal Housing Finance Agency’s second quarter 2013 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report

FHFA House Price Index Up 1.0 Percent in July

WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- U.S. house price appreciation continued in July 2013, rising 1.0 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The July HPI change marks the eighteenth consecutive monthly price increase in the purchase-only, seasonally adjusted index. The previously reported 0.7 percent increase in June remained unchanged.

FHFA Index Shows Mortgage Interest Rates Continue to Rise in August

WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- National data show interest rates on mortgages continued their upward trend. Contract mortgage interest rates increased 0.25 percent from July to August, according to an index of new mortgage contracts

FHFA Launches National Education Campaign

WASHINGTON, D.C. - September 23, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today launched a nationwide campaign to inform homeowners about the Home Affordable Refinance Program (HARP). The campaign is designed to encourage homeowners who have been making their mortgage payments, but who owe more than their home is worth, to contact their current lender or any other mortgage lender offering HARP refinances to review their refinancing options. With mortgage rates still historically low and HARP eligibility requirements expanded, qualifying homeowners could reduce their monthly mortgage payments or increase their equity faster with a shorter term mortgage

FHFA Launches Quarterly Report on Fannie Mae, Freddie Mac and Federal Home Loan Banks...

WASHINGTON, D.C. - September 19, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) is expanding the agency’s regular reporting on Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLBanks). The new FHFA Quarterly Performance Report of the Housing GSEs provides a summary of data available in Fannie Mae, Freddie Mac and the FHLBanks’ individual public filings, including some combined trends. The first issue, being released today, covers the second quarter of 2013 and includes key market drivers such as house prices, average interest rates, and swap rates

FHFA Index Shows Mortgage Interest Rates Rose Sharply in July

Washington, DC - August 29, 2013 - (RealEstateRama) -- National data show interest rates on mortgages continued their upward trend. Contract mortgage interest rates increased 0.45 percent from June to July, according to an index of new mortgage contracts

FHFA Releases New Working Paper Analyzing the Effect of Distressed Sales on the FHFA...

WASHINGTON, D.C. - August 13, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released a Working Paper that evaluates the impact of distressed sales—sales of bank-owned properties and short sales—on the FHFA house price index (HPI).

FHFA Index Shows Mortgage Interest Rates Climbing in June

Washington, DC - July 31, 2013 - (RealEstateRama) -- National data show interest rates on mortgages continued their upward trend. Contract mortgage interest rates increased from May to June—up 0.15 percent from May, according to an index of new mortgage contracts

FHFA House Price Index Up 0.7 Percent in May

WASHINGTON, D.C. - July 23, 2013 - (RealEstateRama) -- U.S. house price appreciation continued in May 2013, rising 0.7 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The May HPI change marks the sixteenth consecutive monthly price increase in the purchase-only, seasonally adjusted index.

Fannie Mae and Freddie Mac Help More than 2. 3 Million Homeowners Keep their...

Washington, DC - July 1, 2013 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 130,000 foreclosure prevention actions during the first quarter of 2013, bringing the total foreclosure prevention actions to nearly 2.8 million since the start of conservatorship in 2008. These actions have helped more than 2.3 million borrowers stay in their homes, including nearly 1.4 million who received permanent loan modifications. The results are detailed in the Federal Housing Finance Agency’s first quarter 2013 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report

FHFA Index Shows Mortgage Interest Rates Dipped in May

WASHINGTON, D.C. - June 27, 2013 - (RealEstateRama) -- National data show interest rates on mortgages decreased from April to May. Contract mortgage interest rates decreased slightly from April to May—down 0.15 percent from April, according to an index of new mortgage contracts

Refinance Volume Remains High In March

Washington, D.C. - June 12, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its March 2013 Refinance Report, which shows that refinance volumes remained high as mortgage rates rose slightly but stayed near historic low levels. Nearly 462,000 refinances took place in March, with nearly 100,000 completed through the Home Affordable Refinance Program (HARP). This brings the number of total HARP refinances to more than 2.4 million since the program’s inception in April 2009

FHFA Index Shows Mortgage Interest Rates Remain Low in April

Washington, DC - May 30, 2013 - (RealEstateRama) -- National data show interest rates on mortgages are stable at low levels. Contract mortgage interest rates increased slightly in April—up 0.02 percent from March, according to an index of new mortgage contracts.

U.S. House Pric es Rose 1.9 Percent in First Quarter 2013

Washington, DC - May 28, 2013 - (RealEstateRama) -- Upward momentum in U.S. house prices remained strong in the first quarter of this year, rising 1.9 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the seventh consecutive quarterly price rise in the purchase-only, seasonally adjusted index.

FHFA Releases Fannie and Freddie Reports on Viability of Their Multifamily Businesses Without Government...

WASHINGTON, D.C. - May 6, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released reports prepared by Fannie Mae and Freddie Mac (the Enterprises) on their multifamily businesses. The reports were conducted at the direction of FHFA pursuant to its goal of contracting Fannie Mae and Freddie Mac’s overall market footprint and generating potential value for taxpayers.

FHFA Issues Update on Development of a Common Securitization Infrastructure

Washington, DC - May 1, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) issued a progress report today on steps being taken to establish a Common Securitization Infrastructure for residential mortgage-backed securities. The update reflects feedback from a broad cross-section of industry participants following FHFA’s issuance last October of a white paper entitled “Building a New Infrastructure for the Secondary Mortgage Market.” The white paper sets forth a proposal for both a new securitization platform and a model contractual and disclosure framework

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - April 25, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.54 percent based on loans closed in March. There was an increase of 0.11 from the previous month

FHFA House Price Index Up 0.7 Percent in February

Washington, DC - April 23, 2013 - (RealEstateRama) -- U.S. house prices rose 0.7 percent on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). For the 12 months ending in February, U.S. house prices rose 7.1 percent.

FHFA Extends HARP to 2015

Washington, DC - April 12, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013

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