Monday, February 6, 2023
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’s Report to Congress Details Annual Examinations of Fannie Mae, Freddie Mac, and Federal...

Washington, D.C. - June 13, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its fourth annual Report to Congress, detailing the agency’s examinations of Fannie Mae and Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - May 29, 2012 - (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 ARM contracts, was 3.93 percent based on loans closed in April. Beginning in March, FHFA is calculating interest rates using un-weighted survey data. There was an increase of 0.03 percent from the previous month.

FHFA Announces Senior Appointment in Office of Congressional Affairs and Communications

Washington, DC - April 26, 2012 - (RealEstateRama) -- Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced the appointment of Denise Dunckel as Senior Associate Director for the Office of Congressional Affairs and Communications where she will manage all internal and external communications for FHFA.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - April 26, 2012 - (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 ARM contracts, was 3.90 percent based on loans closed in March. Beginning in March, FHFA is calculating interest rates using un-weighted survey data.

FHFA Terminates Cease and Desist Order on Federal Home Loan Bank of Chicago

Washington, DC - April 19, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has terminated all remaining provisions of the consent cease and desist order applicable to the Federal Home Loan Bank of Chicago (FHLBank). The order was terminated because of improvements in the FHLBank’s financial condition and capital position, resolution of risk management concerns, and consideration of specific commitments and assurances made b

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - March 27, 2012 - (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 ARM contracts, was 4.08 percent based on loans closed in February. Beginning this month, FHFA is calculating interest rates using un-weighted survey data. For January, a comparable rate based on unweighted data would have been 4.18 percent.

FHFA House Price Index Unchanged in January

Washington, DC - March 22, 2012 - (RealEstateRama) -- U.S. house prices were unchanged on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.7 percent increase in December was revised downward to reflect a 0.1 percent increase. For the 12 months ending in January, U.S. prices fell 0.8 ercent. The U.S. index is 19.2 percent below its April 2007 peak and roughly the same as the February 2004 index level

FHFA Publishes Final Rule on Private Transfer Fees

Washington, DC - March 19, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has sent a final rule to the Federal Register on private transfer fees. The final rule limits Fannie Mae, Freddie Mac and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. Transfer fees are contractual arrangements where an owner pays a fixed amount or a percentage of the sales price at the time of transferring the property.

Permanent Modifications on Fannie Mae and Freddie Mac Loans Reach 1.1 Million; Loan Mod...

Washington, DC - March 19, 2012 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 2.1 million foreclosure prevention actions since the start of conservatorship including 1.1 million permanent loan modifications. These actions, designed to help borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s fourth quarter 2011 Foreclosure Prevention and Refinance Report. The report also shows that after nine months, fewer than 20 percent of Enterprise loans modified in the four quarters ended March 31, 2011, had missed two or more payments, an improvement over prior years.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - February 28, 2012 - (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 ARM contracts, was 4.25 percent based on loans closed in January. This is an increase of 0.10 percent from the previous month

FHFA Announces Pilot REO Property Sales in Hardest-Hit Areas

Washington, DC - February 27, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced the first pilot transaction under the Real Estate-Owned (REO) Initiative, targeted to hardest-hit metropolitan areas — Atlanta, Chicago, Las Vegas, Los Angeles, Phoenix and parts of Florida. With this next step, prequalified investors will be able to submit applications to demonstrate their financial capacity, experience and specific plans for purchasing pools of Fannie Mae foreclosed properties with the requirement to rent the purchased properties for a specified number of years.

FHFA Announces Interested Investors May Pre-Qualify For REO Initiative

Washington, DC - February 1, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases

FHFA House Price Index Falls 0.2 Percent in October

Washington, DC - December 22, 2011 - (RealEstateRama) -- U.S. house prices fell 0.2 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 0.9 percent increase in September was revised downward to reflect a 0.4 percent increase. For the 12 months ending in October, U.S. prices fell 2.8 percent. The U.S. index is 19.2 percent below its April 2007 peak and roughly the same as the February 2004 index level.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - December 22, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate...

FHFA Announces New Timeline for Fannie Mae and Freddie Mac Mortgage Data Implementation

Washington, DC - December 15, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today said it will extend implementation dates for a key component of the Uniform Mortgage Data Program (UMDP) announced in May 2010, known as the Uniform Loan Delivery Dataset (ULDD).

Fannie Mae and Freddie Mac Complete Nearly 2 Million Foreclosure Prevention Actions With More...

Washington, DC - December 7, 2011 - (RealEstateRama) -- Fannie Mae’s and Freddie Mac’s foreclosure prevention activity increased in the third quarter of 2011 and total nearly 2 million foreclosure prevention actions since the beginning of conservatorship in 2008. During this period, the Enterprises completed one million loan modifications, helping borrowers stay in their homes.

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.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.