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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).

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Corinne Russell
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Stefanie Mullin
(202) 414-6376

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

House Price Index Falls 0.8 Percent in Fourth Quarter 2010; House Prices Decline in...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- U.S. house prices fell in the fourth quarter of 2010 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 0.8 percent lower on a seasonally adjusted basis in the fourth quarter than in the third quarter of 2010. The unadjusted national decline was 2.2 percent. Over the past year, seasonally adjusted prices fell 3.9 percent from the fourth quarter of 2009 to the fourth quarter of 2010

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - February 24, 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 4.71 percent based on loans closed in January. This is an increase of 0.13 percent from the previous month.

FHFA Posts Discussion Documents on Mortgage Servicing Compensation Initiative

Washington, DC - February 15, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency on Jan. 18 announced a joint initiative to consider alternatives for a new mortgage servicing compensation structure. As part of that effort, FHFA has established a dedicated web link to post information, including background materials and issues for consideration

FHFA Announces Consolidation of Office Locations

Washington, DC - February 1, 2011 - (RealEstateRama) -- FHFA Acting Director Edward J. DeMarco today announced the agency will consolidate its three office locations into one, moving from Northwest, Washington, D.C. to Constitution Center at 400 Seventh St., Southwest. FHFA anticipates the move beginning in November 2011

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - January 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 4.58 percent based on loans closed in November. This is an increase of 0.16 percent from the previous month.

U.S. Monthly House Price Index Unchanged from October to November

WASHINGTON, DC - January 25, 2011 - (RealEstateRama) -- U.S. house prices were unchanged on a seasonally adjusted basis from October to November, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.7 percent increase in October was revised downward to a 0.2 percent increase. For the 12 months ending in November, U.S. prices fell 4.3 percent. The U.S. index is 14.9 percent below its April 2007 peak and roughly the same as the August 2004 index level.

FHFA Announces Joint Initiative to Consider Alternatives for a New Mortgage Servicing Compensation Structure

Washington, DC - January 18, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to work on a joint initiative, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for their single-family mortgage loans.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - December 28, 2010 - (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 4.42 percent based on loans closed in November. This is a decrease of 0.07 percent from the previous month.

Fannie Mae and Freddie Mac HARP Refinancings Increase in Third Quarter; Performance of Modified...

Washington, DC - December 21, 2010 - (RealEstateRama) -- Refinancings through the Home Affordable Refinance Program (HARP) increased 26 percent in the third quarter of 2010. Fannie Mae and Freddie Mac loan modifications through the Home Affordable Modification Program (HAMP) increased 16 percent in the quarter, although the overall volume of loan modifications and the pace of HAMP modifications declined from previous periods. The data were released in FHFA’s Third Quarter 2010 Foreclosure Prevention & Refinance Report, which includes data on all of the Enterprises’ foreclosure prevention efforts

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - November 23, 2010 - (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 4.49 percent based on loans closed in October. This is a decrease of 0.06 percent from the previous month.

Maximum Conforming Loan Limits to Remain Unchanged in the First Nine Months of 2011

Washington, DC - November 19, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits for mortgages originated in the first nine months of 2011 will remain unchanged from existing loan limits for 2010 originations. Those limits are generally $417,000 but can be as much as $729,750 in certain high cost areas in the contiguous United States. The maximum loan limits for counties across the United States can be found here (130 pages)

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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.

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