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FHFA Reports Homeowner Assistance Increasing In February Foreclosure Prevention Report
Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken to prevent unnecessary foreclosures. The report, based on data from the Enterprises’ 30.2 million residential mortgages as of...
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FHFA Reports Mortgage Interest Rates, March 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 2 basis points to 5.05 percent in March. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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FHFA Sends GSE Housing Goals to Federal Register
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) yesterday sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with the Administration’s loan...
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FHFA and FDIC Issue Call for Papers on Modeling Mortgage Default Risk
Washington, D.C. – The Federal Housing Finance Agency, in conjunction with the FDIC’s Center for Financial Research, is soliciting research via a Call for Papers related to modeling mortgage default risk and improving the standardization of risk measurement. Selected papers will be presented at a...
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U.S. Monthly House Price Index Estimates 0.7 Percent Price Increase From January to February
Washington, D.C. – U.S. home prices rose 0.7 percent on a seasonally-adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index. January’s previously reported 1.7 percent increase was revised to a 1.0 percent increase. For the 12 months...
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FHFA Expands Reporting on Homeowner Assistance
Washington, D.C. – Federal Housing Finance Agency (FHFA) Director James B. Lockhart submitted to Congress FHFA’s latest report as a Federal Property Manager (FPM) detailing actions taken to prevent unnecessary foreclosures. The report includes metrics not previously reported; specifically, reasons...
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Fannie Mae and Freddie Mac Helping More Homeowners
Washington, D.C. – Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, an increase of 76 percent over the third quarter. The modifications, along with the suspension of foreclosures that began November 26, reduced the number of foreclosures by nearly 27 percent...
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FHFA Reports Mortgage Interest Rates, February 2009
Washington, D.C. – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 6 basis points to 5.03 percent in February. The average interest rate on 15-year, fixed-rate loans of $417,000 or less...
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U.S. Monthly House Price Index Estimates 1.7 Percent Price Increase From December to January
Washington, D.C. – U.S. home prices rose 1.7 percent on a seasonally-adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index. December’s previously reported 0.1 percent increase was revised to a 0.2 percent decline. For the 12 months...
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FHFA Responds to Chairman Frank Regarding Retention Programs
Today Director Lockhart sent the attached response letter to Chairman Frank regarding retention payments at Fannie Mae and Freddie Mac.Link to Revised Response Letter (3/20/2009) Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030