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FHFA Announces $122 Million Settlement With Société Générale
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 Société Générale, related companies and specifically named individuals for $122 million. The settlement resolves claims in the lawsuit FHFA v...
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FHFA House Price Index Rises for Tenth Consecutive Quarter
Washington, D.C. – U.S. house prices rose 1.2 percent in the fourth quarter of 2013 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the tenth consecutive quarterly price increase in the purchase-only, seasonally adjusted index. “Home price appreciation in the...
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FHFA Appoints New Chairman of Fannie Mae Board of Directors
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that in light of the fact that Philip A. Laskawy will have reached the company’s mandatory retirement age, in accordance with FHFA’s corporate governance regulation and Fannie Mae’s corporate governance guidelines, he will...
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HARP Refinances Surpass 3 Million Mark
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that the Home Affordable Refinance Program (HARP) has reached a significant milestone: more than 3 million homeowners have now refinanced their mortgages through the program. This noteworthy achievement is detailed in FHFA...
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FHFA Announces $1.25 Billion Settlement With Morgan Stanley
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 Morgan Stanley, related companies and specifically named individuals for $1.25 billion. The settlement resolves claims in the lawsuit FHFA v...
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FHFA Index Shows Mortgage Interest Rates Increase Slightly in December
Washington, D.C. – National data show interest rates on mortgages increased in December. Contract mortgage interest rates increased 0.03 percent from November to December, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average...
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FHFA House Price Index Up 0.1 Percent in November
Washington, D.C. – U.S. house prices showed signs of slowing in November, with a slight increase of 0.1 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The November HPI change marks the twenty...
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Federal Housing Finance Agency Director Mel Watt Announces Four Staff Appointments
Washington, D.C. – Mel Watt, who was sworn in on January 6, 2014 as Director of the Federal Housing Finance Agency, today announced the appointment of four special advisors—Megan Moore, Bob Ryan, Eric Stein and Mario Ugoletti—to provide counsel on policy and strategic decisions at the FHFA. Megan...
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FHFA Directs Fannie Mae and Freddie Mac To Delay Guarantee Fee Changes
Washington, D.C. – In early December, the Federal Housing Finance Agency (FHFA) announced plans to increase the base guarantee fee (g-fee) for all mortgages by 10 basis points, update the up-front g-fee grid, and eliminate the up-front 25 basis point adverse market fee that has been assessed on all...
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U.S. Representative Melvin L. Watt Sworn in as Director of Federal Housing Finance Agency
PageContent Washington, D.C. – The Honorable Melvin L. Watt of Charlotte, North Carolina was sworn in today to a five-year term as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). The oath was administered by The Honorable Anthony Foxx, U.S. Secretary of...