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FHFA Index Shows Mortgage Interest Rates Decreased in May 2015
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from April to May, 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 3.75...
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Foreclosure Prevention Actions Near 3.5 Million Through First Quarter 2015
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 65,960 foreclosure prevention actions in the first quarter of 2015, bringing the total foreclosure prevention actions to nearly 3.5 million since the start of the conservatorships in...
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FHFA House Price Index Up 0.3 Percent in April 2015
Washington, D.C. – U.S. house prices rose in April, up 0.3 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 0.3 percent change in March remains unchanged. The FHFA HPI is...
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FHFA Releases 2014 Report to Congress
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its 2014 Report to Congress, which details the findings of the agency’s 2014 examinations of Fannie Mae, Freddie Mac (the Enterprises), 12 Federal Home Loan Banks (FHLBanks) and the FHLBanks’ Office of Finance. The...
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FHFA Index Shows Mortgage Interest Rates Decreased in April 2015
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from March to April, 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 3.78...
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FHFA Announces June 12 HARP Outreach Event in Phoenix
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that it will hold its sixth outreach event to reach homeowners who could save on their monthly mortgage payments by refinancing through the Home Affordable Refinance Program (HARP). Housing experts and community leaders...
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U.S. House Prices Rise 1.3 Percent in First Quarter
Wa shington, D.C. – U.S. house prices rose 1.3 percent in the first quarter of 2015 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the fifteenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index. FHFA's seasonally adjusted...
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FHFA Requests Input on House Price Index Measure for Conforming Loan Limits for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent to the Federal Register a Notice and Request for Input on a method for assessing the national average single-family house price for use in setting the conforming loan limits of Fannie Mae and Freddie Mac (the Enterprises). The...
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Fannie Mae and Freddie Mac Issue New Eligibility Requirements for Seller/Servicers
Washington, DC – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are issuing new operational and financial eligibility requirements for all current and potential single-family mortgage Seller/Servicers. The operational requirements become...
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FHFA Issues Update on the Single Security
Washington, DC – The Federal Housing Finance Agency (FHFA) today released An Update on the Structure of the Single Security. The Update details progress that has been made on the single mortgage-backed security that would be issued by Fannie Mae or Freddie Mac. Developing the Single Security is a...