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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...
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FHFA Recovers Nearly $8 Billion for Taxpayers in 2013 Through Settlements
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has recovered nearly $8 billion on behalf of taxpayers in 2013 through settlements with financial institutions that sold private-label securities (PLS) to Fannie...
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FHFA House Price Index Up 0.5 Percent in October, 2013
Washington, D.C. – U.S. house price appreciation continued in October 2013, with prices rising 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 October HPI change marks the twenty-first...