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FHFA Announces Settlement with HSBC
Washington D.C. - The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced a settlement of $550 million with HSBC North America Holdings Inc., related companies and specifically named individuals (HSBC). The settlement resolves claims in the lawsuit...
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Agencies Seek Comment on Swap Margin Requirements
Washington, DC - Five federal agencies are seeking comment on a proposed rule to establish margin requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants as required by the Dodd-Frank Wall Street Reform and Consumer Protection...
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FHFA Proposes Revisions to Federal Home Loan Bank Membership Eligibility Requirements
Washington, DC – The Federal Housing Finance Agency (FHFA) today proposed a rule that would revise the requirements for financial institutions to apply for and retain membership in one of the 12 Federal Home Loan Banks (Banks). The proposed rule would revise FHFA’s existing Bank membership...
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FHFA Proposes 2015-2017 Housing Goals for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today proposed a rule that would establish housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2015 through 2017. FHFA is requesting comment on all aspects of the proposed rule. The Housing and Economic Recovery...
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FHFA Index Shows Mortgage Interest Rates Flat in July 2014
Washington, D.C. – Nationally, interest rates on mortgages showed little change from June to July, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by...
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FHFA House Price Index Shows Gains for Twelve Consecutive Quarters
Washington, DC – The Federal Housing Finance Agency (FHFA) announced today that U.S. house prices rose 0.8 percent in the second quarter of 2014, according to its purchase-only, seasonally adjusted House Price Index (HPI). This is the twelfth consecutive quarterly price increase in the HPI. The FHFA...
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FHFA Announces Settlement with Goldman Sachs
Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Goldman Sachs, related companies and certain named individuals. The settlement addresses claims alleging violations of federal and state...
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Refinances Tick Up in June
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the total volume of mortgage refinances increased slightly in June as mortgage rates decreased from May, according to FHFA's Second Quarter 2014 Refinance Report. Total refinance volume for the second quarter topped...
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FHFA Seeks Input on Single Security
Washington, DC – The Federal Housing Finance Agency (FHFA) today published a Request for Input on the proposed structure for a Single Security that would be issued and guaranteed by Fannie Mae or Freddie Mac. Developing the Single Security is a key goal of FHFA’s 2014 Strategic Plan for the...
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FHFA Index Shows Mortgage Interest Rates Continue to Decrease in June 2014
Washington, DC – Nationally, interest rates on mortgages decreased from May to June, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders...