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 Releases, Statements, Speeches and Testimony

 

 

FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests255408/7/2018 4:00:00 AMNews Release<p><strong>​W</strong><strong>a</strong><strong>s</strong><strong>hi</strong><strong>n</strong><strong>g</strong><strong>t</strong><strong>on</strong><strong>,</strong><strong> </strong><strong>D.C.</strong><strong> </strong><strong>–</strong><strong> </strong>The Federal Housing Finance Agency (FHFA) today released a report providing the results of the <a href="/SupervisionRegulation/DoddFrankActStressTests">annual stress tests​</a> Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).&#160; The Dodd-Frank Act requires certain financial institutions with more than $10 billion in assets to conduct annual stress tests to determine whether they can absorb losses as a result of adverse or severely adverse economic conditions.&#160; The report, <em><a href="/AboutUs/Reports/ReportDocuments/2018_DFAST_Severely-Adverse-Scenario.pdf">Dodd-Frank Act Stress Tests – Severely Adverse Scenario</a></em>, provides updated information on possible ranges of future financial results of the Enterprises under severely adverse economic conditions.&#160; </p><p>Link to <em><a href="/AboutUs/Reports/ReportDocuments/2018_DFAST_Severely-Adverse-Scenario.pdf">Dodd-Frank Act Stress Tests – Severely Adverse Scenario</a></em> </p><p>Link to <a href="/Media/PublicAffairs/Documents/411/Fannie_Mae/Summary-Instructions-and-Guidance_2018-Reporting-Cycle.pdf">2018 Summary Instructions and Guidance</a></p><p>Link to <a href="/SupervisionRegulation/DoddFrankActStressTests/Documents/2018_DFAST_Severely-Adverse-Scenario_FAQs.pdf">DFAST Frequently Asked Questions (FAQs)​</a><br></p>8/7/2018 6:00:25 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests​ Fannie Mae and Freddie Mac (the Enterprises 1152https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Extends Public Comment Period By 60 Days for Proposed Rule on Enterprise Capital Requirements213117/31/2018 4:00:00 AMNews Release<p> <strong>Washington, D.C. </strong>–<strong> </strong>The Federal Housing Finance Agency (FHFA) today announced that it is extending the public comment period for the Agency's proposed rule on Enterprise Capital Requirements by an additional 60 days.&#160;The previous deadline for comments was September 17, 2018. The new deadline will be November 16, 2018.</p><p>FHFA is extending the public comment period due to the high level of interest in the proposed rule and requests from multiple stakeholders for more time to evaluate it.</p><p>Comments should be submitted via <a href="/SupervisionRegulation/Rules/Pages/Affordable-Housing-Program-Amendments-NPR.aspx"> FHFA.gov</a> or in accordance with the directions provided in the Federal Register notice extending the comment period.</p><p> <a href="https&#58;//www.gpo.gov/fdsys/pkg/FR-2018-07-17/pdf/2018-14255.pdf">Link to Proposed Rule</a> (published in Federal Register July 17, 2018)</p><p> <a href="/SupervisionRegulation/Rules/Pages/Enterprise-Capital-Requirements-Extension-of-Comment-Period.aspx"> Link to Extension on Proposed Rule</a> (text as sent to Federal Register)</p>8/4/2018 4:23:29 AMWashington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that it is extending the public comment period for the Agency's proposed rule on Enterprise Capital 446https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Index Shows Mortgage Rates Increased in June213867/26/2018 4:00:00 AMNews Release<p> <strong>​Washington, D.C. </strong>- Nationally, interest rates on conventional purchase-money mortgages&#160;increased from May to June, according to several indices of new mortgage contracts.</p><p> <strong>The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index</strong> was 4.59 percent for loans closed in late June, up 2 basis points from 4.57 percent in May.</p><p> <strong>The average interest rate on all mortgage loans</strong> was 4.59 percent, up 4 basis points from&#160;4.55 in May.</p><p> <strong>The average interest rate on conventional, 30-year, fixed-rate mortgages of&#160;$453,100 or less</strong> was 4.76 percent, up 5 basis points from 4.71 in May.</p><p> <strong>The effective interest rate on all mortgage loans</strong> was 4.69 percent in June, up 3&#160;basis points from 4.66 in May. The effective interest rate accounts for the addition of initial&#160;fees and charges over the life of the mortgage.</p><p dir="ltr" style="text-align&#58;left;">The average loan amount for all loans was $333,900 in June, up $11,800 from $322,100&#160; in May. FHFA will release July index values Tuesday, August 28, 2018.</p><p dir="ltr" style="text-align&#58;left;">For more information, call David Roderer at (202) 649-3206. To hear recorded index information, call (202)649-3993. To find the complete contract rate series, go to <a href="/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx">https&#58;//www.fhfa.gov/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx</a>.<img alt="NACMR_7262018.PNG" src="/Media/PublicAffairs/PublishingImages/Pages/Forms/AllItems/NACMR_7262018.PNG" style="margin&#58;5px;width&#58;567px;height&#58;423px;" />&#160;</p><p>Technical note&#58; The indices are based on a small monthly survey of mortgage lenders, which may not be&#160;representative.&#160; The sample is not a statistical sample but is rather a convenience sample.&#160; Survey&#160;respondents were asked to report terms and conditions of all conventional, single-family, fully amortized purchase-money loans closed during the last five working days of the month.&#160; Unless otherwise specified,&#160;the indices include 15-year mortgages and adjustable-rate mortgages.&#160; The indices do not include&#160;mortgages guaranteed or insured by either the Federal Housing Administration or the U.S. Department&#160;of Veterans Affairs.&#160; The indices also exclude refinancing loans and balloon loans.&#160; June 2018 values&#160;are based on 4,947 reported loans from 16 lenders, which include savings associations, mortgage&#160;companies, commercial banks, and mutual savings banks. &#160;&#160;&#160;&#160;&#160; </p>8/4/2018 4:23:26 AMHome / Media / FHFA Index Shows Mortgage Rates Increased in June News Release June 2018 values are based on 213https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx