FHFA
U.S. House Prices Rise 0.2 Percent in Third Quarter 2011
Washington, DC - November 29, 2011 - (RealEstateRama) -- U.S. house prices rose in the third quarter of 2011 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 Mae- and Freddie Mac-acquired mortgages, was 0.2 percent higher on a seasonally adjusted basis in the third quarter than in the second quarter. On an unadjusted basis, prices rose 0.7 percent during the quarter. Over the past year, seasonally adjusted home prices fell 3.7 percent from the third quarter of 2010 to the third quarter of 2011.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - November 22, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.19 percent based on loans closed in October. This is a decrease of 0.19 percent from the previous month.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - October 27, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.38 percent based on loans closed in September. This is a decrease of 0.18 percent from the previous month.
FHFA Directs Fannie Mae and Freddie Mac to Adopt Uniform Improvements to Foreclosure Attorney...
Washington, DC - October 19, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to transition away from current foreclosure attorney network programs and move to a system where mortgage servicers select qualified law firms that meet certain minimum, uniform criteria. Under current practice, in certain states each Enterprise designates law firms eligible under the Enterprise’s criteria to undertake foreclosure work and mortgage servicers then select and work with these firms.
Joint Initiative Seeks Public Comment on Alternative Mortgage Servicing Compensation; Releases Discussion Paper
Washington, DC - September 28, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the Joint Initiative on Mortgage Servicing Compensation is seeking public comment on two alternative mortgage servicing compensation structures detailed in a discussion paper.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - September 27, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.56 percent based on loans closed in August. This is a decrease of 0.01 percent from the previous month.
FHFA Sues 17 Firms to Recover Losses to Fannie Mae and Freddie Mac
Washington, DC - September 5, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.
Fannie Mae and Freddie Mac Foreclosure Prevention Actions Down in Second Quarter; HARP Refinancings...
Washington, DC - September 1, 2011 - (RealEstateRama) -- Fannie Mae and Freddie Mac (the Enterprises) have completed nearly 1.8 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008. More than half of these actions resulted in loan modifications.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - August 30, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.57 percent based on loans closed in July. This is a decrease of 0.05 percent from the previous month. This ontract Rate series can be found at http://www.fhfa.gov/Default.aspx?Page=251.
FHFA, Treasury, HUD Seek Input on Disposition of Real Estate Owned Properties
Washington, DC - August 10, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI), seeking input on new options for selling single-family real estate owned (REO) properties held by Fannie Mae and Freddie Mac (the Enterprises), and the Federal Housing Administration (FHA).
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - July 27, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.62 percent based on loans closed in June. This is a decrease of 0.12 percent from the previous month.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - June 28, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.74 percent based on loans closed in May. This is a decrease of 0.06 percent from the previous month. This Contract Rate series can be found at http://www.fhfa.gov/Default.aspx?Page=251.
FHFA House Price Index Rises 0.8 Percent in April;
Washington, DC - June 22, 2011 - (RealEstateRama) -- U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent decrease in March was revised to a 0.4 percent decrease. For the 12 months ending in April, U.S. prices fell 5.7 percent. The U.S. index is 19.3 percent below its April 2007 peak and roughly the same as the January 2004 index level.
FHFA’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac and Federal...
Washington, D.C. - June 13, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its third Report to Congress, detailing the findings of the agency’s 2010 annual examinations of Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance.
Agencies Extend Comment Period on Risk Retention Proposed Rulemaking
WASHINGTON, D.C. - June 7, 2011 - (RealEstateRama) -- Six federal agencies have approved and will submit a Federal Register notice that extends the comment period on the proposed rules to implement the credit risk retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to August 1, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 10, 2011.
Fannie Mae and Freddie Mac Foreclosure Prevention Actions Dip in First Quarter; HARP Refinancings...
Washington, DC - June 6, 2011 - (RealEstateRama) -- Fannie Mae and Freddie Mac have completed more than 1.6 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008, with more than half of these actions resulting in loan modifications. According to the FHFA’s First Quarter 2011 Foreclosure Prevention & Refinance Report, loan modifications declined for the third consecutive quarter but resulted in deeper payment reductions for more people.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - May 25, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.80 percent based on loans closed in April. This is a decrease of 0.04 percent from the previous month.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - April 26, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.84 percent based on loans closed in March. This is an increase of 0.05 percent from the previous month.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - March 29, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency 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 ARM contracts, was 4.79 percent based on loans closed in February. This is an increase of 0.08 percent from the previous month
Fannie Mae and Freddie Mac Foreclosure Prevention Actions Double from 2009; HARP Refinancings Increase
Washington, DC - March 3, 2011 - (RealEstateRama) -- The total number of Fannie Mae and Freddie Mac completed foreclosure prevention actions in 2010 more than doubled from one year earlier, according to the FHFA’s
Fourth Quarter 2010 Foreclosure Prevention & Refinance Report. Although loan modifications declined for the second consecutive quarter, refinancings through the Home
