Federal Housing Finance Agency Reports Mortgage Interest Rates
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.
Statement by Brian Faith Vice President, Media and External Relations on Support for Housing Finance Agencies
October 19, 2009 Posted by RealEstateRama
October 19, 2009 - (RealEstateRama) — The Administration’s new initiative to bolster state and local Housing Finance Agencies (HFAs) will enable the HFAs to continue providing flexible, low-cost financing for low-income and first-time homebuyers, and multifamily developments where low- and very low-income renters reside. Fannie Mae is committed to working with the Administration, FHFA and our industry partners to rapidly implement the HFA initiative, and we will continue to support the HFAs over the long term by providing much-needed liquidity in this key market sector.
FHFA Releases First Five-Year Strategic Plan
July 9, 2009 Posted by FHFA
Washington, DC - July 9, 2009 - (RealEstateRama) – Federal Housing Finance Agency Director James B. Lockhart today released the Agency’s first Strategic Plan since FHFA was created nearly one year ago in the Housing and Economic Recovery Act (HERA).
FHFA Launches New Integrated Accounting System
July 8, 2009 Posted by FHFA
Washington, DC - July 8, 2009 - (RealEstateRama) – The Federal Housing Finance Agency (FHFA) has implemented a single, integrated accounting system—another major milestone for the young Agency. FHFA was established last July, by the Housing and Economic Recovery Act of 2008 (HERA).
FHFA Receives Prestigious CEAR Award For Fiscal Responsibility and Accountability
May 20, 2009 Posted by FHFA
Washington, DC - May 20, 2009 - (RealEstateRama) — On behalf of the Federal Housing Finance Agency (FHFA), Director James B. Lockhart will accept the Certificate of Excellence in Accountability Reporting (CEAR) for the Agency’s 2008 Performance and Accountability Report (PAR).
FHFA’s First Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac and the Federal Home Loan Banks
May 18, 2009 Posted by FHFA
Washington, D.C. - May 18, 2009 - (RealEstateRama) — James B. Lockhart, Director of the Federal Housing Finance Agency (FHFA), today released FHFA’s first Report to Congress, detailing the findings of the agency’s 2008 annual examinations of Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the Office of Finance. The report is the first Report to Congress since FHFA was established by the Housing and Economic Recovery Act of 2008 (HERA), signed into law in July of 2008. A predecessor agency, the Office of Federal Housing Enterprise Oversight (OFHEO), previously published annual reports to Congress on Fannie Mae and Freddie Mac examinations.
FHFA Reports Homeowner Assistance Increasing In February Foreclosure Prevention Report
May 12, 2009 Posted by FHFA
Washington, DC - May 12, 2009 - (RealEstateRama) — Federal Housing Finance Agency (FHFA) Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken to prevent unnecessary foreclosures. The report, based on data from the Enterprises’ 30.2 million residential mortgages as of February 28, shows significant foreclosure prevention activity.
FHFA Sends GSE Housing Goals to Federal Register
April 29, 2009 Posted by FHFA
WASHINGTON, DC - April 29, 2009 - (RealEstateRama) The Federal Housing Finance Agency (FHFA) yesterday sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with the Administration’s loan modification initiative would receive credit toward achievement of housing goals
NAMB’s Strategic Withdrawal of Legal Action Against FHFA
April 2, 2009 Posted by NAMB
McLean, Virginia - April 02, 2009 - (RealEstateRama) — In February 2009, the National Association of Mortgage Brokers (NAMB) filed suit against the Federal Housing Finance Administration (FHFA) to block implementation of the Home Valuation Code of Conduct (HVCC), which will inhibit competition among mortgage originators and increase the cost of mortgages to consumers. NAMB’s suit asserted that the HVCC constituted a “de facto” rulemaking that did not comply with the requirements of the Administrative Procedures Act (APA), which sets out the procedures a federal agency must follow when issuing a regulation.
U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 1.8 PERCENT PRICE DECLINE FROM OCTOBER TO NOVEMBER
January 23, 2009 Posted by FHFA
WASHINGTON, DC - January 23, 2009 - (RealEstateRama) — U.S. home prices fell 1.8 percent on a seasonally-adjusted basis from October to November, more than the 1.1 percent decline in the prior month, according to the Federal Housing Finance Agency’s monthly House Price Index. For the 12 months ending in November, U.S. prices fell 8.7 percent. The decline since the April 2007 peak is 10.5 percent.
