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News Release

FHFA Requests Input on House Price Index Measure for Conforming Loan Limits for Fannie Mae and Freddie Mac

FOR IMMEDIATE RELEASE
5/21/2015

Washington, D.C. The Federal Housing Finance Agency (FHFA) today sent to the Federal Register a Notice and Request for Input on a method for assessing the national average single-family house price for use in setting the conforming loan limits of Fannie Mae and Freddie Mac (the Enterprises).  The Housing and Economic Recovery Act of 2008 requires that FHFA "establish and maintain" a house price index for adjusting the conforming loan limits of the Enterprises.

FHFA publishes an "expanded-data" House Price Index on a quarterly basis, which incorporates sales price information from Fannie Mae and Freddie Mac, as well as from the Federal Housing Administration and county recorder offices.  FHFA is seeking input on whether to use this expanded-data House Price Index as the basis for adjusting the Enterprises' conforming loan limits.  

FHFA is seeking input in response to this Notice for 60 days after publication in the Federal Register.  FHFA will publish an additional Notice describing the final determination after reviewing input received. Input may be submitted via the FHFA website or sent to 400 Seventh Street, S.W., Eighth Floor, Washington, D.C.  20024.

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.
Contacts:

Media:   Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
Consumers: Consumer Communications or (202) 649-3811

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