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U.S. House Prices Rise 12.6 Percent over the Last Year; Up 3.5 Percent in the First Quarter
Washington, D.C. – U.S. house prices rose 12.6 percent from the first quarter of 2020 to the first quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI ®). House prices were up 3.5 percent compared to the fourth quarter of 2020. FHFA's seasonally adjusted...
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FHFA Publishes First-of-its-Kind Comprehensive Dataset on Mortgage Risk from 1990-2019
Washington, D.C.— Today, to improve policymakers' understanding of how mortgage risk has evolved over time and the role it played in the 2008 recession, FHFA released a revised staff working paper, “A Quarter Century of Mortgage Risk." Using a comprehensive dataset that contains aggregated results...
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FHFA Announces Fannie Mae's and Freddie Mac's Proposed Duty to Serve Underserved Markets Plans for 2022-2024
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published the proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2022 to December 31...
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FHFA Publishes Report on the Performance of Fannie Mae's and Freddie Mac's Single-Family Credit Risk Transfers
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published a report on the performance of Fannie Mae's and Freddie Mac's (the Enterprises') single-family credit risk transfers (CRT). The report focuses on securities issuance and insurance/reinsurance credit risk sharing vehicles...
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FHFA Issues RFI on Short-Term Rental Units in Condominium, Cooperative, and Planned Unit Development Projects
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) eligibility requirements for mortgages in condominium (condo), cooperative (co-op), and planned unit development (PUD) projects where a large portion...
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FHFA Publishes Final Rule on Enterprise Resolution Plans
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published a final rule that requires Fannie Mae and Freddie Mac (the Enterprises) to develop credible resolution plans, also known as “living wills." These resolution plans would facilitate a rapid and orderly resolution of the...
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FHFA Announces New Refinance Option for Low-Income Families with Enterprise-Backed Mortgages
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today Fannie Mae and Freddie Mac (the Enterprises) will implement a new refinance option for low-income borrowers with Enterprise-backed single-family mortgages. Eligible borrowers will benefit from a reduced interest rate...
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FHFA House Price Index Up 0.9 Percent in February; Up 12.2 Percent from Last Year
Washington, D.C. – House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 12.2 percent from February 2020 to February 2021. The previously reported 1.0 percent price...
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FHFA Announces Extension of COVID-Related Loan Flexibilities
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend some temporary loan origination flexibilities until May 31, 2021. All temporary flexibilities were originally set to expire on April 30, 2021. Alternative...
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FHFA House Price Index Up 1.0 Percent in January; Up 12.0 Percent from Last Year
Washington, D.C. – House prices rose nationwide in January, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI ®). House prices rose 12.0 percent from January 2020 to January 2021. The previously reported 1.1 percent price...