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FHFA Adjusts Multifamily Lending Caps for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that it has increased the 2016 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) from $31 billion to $35 billion, effective immediately. The adjustment is consistent with FHFA's 2016 Scorecard for...
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FHFA Index Shows Mortgage Interest 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 3...
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FHFA House Price Index Up 0.4 Percent in February
Washington, DC – U.S. house prices rose in February, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.5 percent increase in January was revised downward to reflect...
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FHFA Announces Principal Reduction Modification Program and Further Enhancements to NPL Sales Requirements
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer principal reduction to certain seriously delinquent, underwater borrowers who are still struggling in the aftermath of the financial crisis to help them avoid foreclosure and stay...
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FHFA Index Shows Mortgage Interest Rates Decreased in February
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased 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 3...
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Foreclosure Prevention Actions Top 3.6 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 47,769 foreclosure prevention actions in the fourth quarter of 2015, bringing the total number of foreclosure prevention actions to over 3.6 million since the start of the...
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FHFA House Price Index Up 0.5 Percent in January
Washington, D.C. – U.S. house prices rose in January, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.4 percent increase in December was revised upward to reflect...
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FHFA Index Shows Mortgage Interest Rates Increased in January
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from December to January, 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 3...
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U.S. House Prices Rise 1.4 Percent in Fourth Quarter; 18 Consecutive Quarterly Increases
Washington, D.C. – U.S. house prices rose 1.4 percent in the fourth quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the eighteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index. House prices rose 5.8...
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HARP Refinances Total 3.38 Million Through the Fourth Quarter
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the number of loans refinanced through the Home Affordable Refinance Program (HARP) through the fourth quarter totaled 3,380,558 since the inception of the program in 2009. FHFA’s fourth quarter Refinance Report...