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FHFA Issues Request for Input to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) today issued a Request for Input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including lending and servicing. FHFA's 2017 Scorecard for Fannie Mae, Freddie...
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U.S. House Prices Rise 1.4 Percent in First Quarter
Washington, D.C. – U.S. house prices rose 1.4 percent in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.0 percent from the first quarter of 2016 to the first quarter of 2017. FHFA's seasonally adjusted monthly index for...
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Refinance Volume Continued to Slow in First Quarter
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that just over 510,000 refinances were completed in the first quarter of 2017, compared to more than 750,767 in the fourth quarter of 2016. FHFA's first quarter Refinance Report also shows that 3 percent or 13,425 of the...
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FHFA Requests Public Input on Fannie Mae and Freddie Mac's Proposed Underserved Markets Plans for Duty to Serve Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input on Fannie Mae and Freddie Mac's (the Enterprises) proposed Underserved Markets Plans under the Duty to Serve program. Those plans were released today. FHFA issued a final rule on Dec. 13...
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FHFA Extends Public Input Period for Proposed Duty to Serve Evaluation Guidance
Washington, D.C. – The Federal Housing Finance Agency announced today that it is extending the public input period on its proposed Evaluation Guidance for the Duty to Serve program. The input period is now extended from May 15 to June 7, 2017. The proposed Evaluation Guidance, released January 18...
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FHFA Index Shows Mortgage Rates Decreased in March
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4...
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FHFA House Price Index Up 0.8 Percent in February
Washington, D.C. – U.S. house prices rose in February, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported lack of change in January was revised upward to a 0.2 percent increase...
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FHFA Index Shows Mortgage Rates Increased in February
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from January to February, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4...
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FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer transactions through year-end 2016. The Report gives a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises)...
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FHFA Fourth Quarter Foreclosure Prevention Report: Foreclosure Preventions Surpass 3.8 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 189,911 foreclosure prevention actions in 2016, bringing the total number of troubled homeowners...