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