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FHFA Index Shows Mortgage Interest Rates Decrease in November 2013
Washington, D.C. – National data show interest rates on mortgages declined in November. Contract mortgage interest rates decreased 0.10 percent from October to November, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average...
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FHFA Announces Milestone: More Than 3 Million Homeowners Helped by Foreclosure Prevention Programs
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac have reached a significant milestone, completing more than 3 million foreclosure prevention actions since the start of conservatorship in September 2008. FHFA noted this milestone in its...
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FHFA Announces $1.9 Billion Settlement With Deutsche Bank
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 Deutsche Bank AG, related companies and specifically named individuals for $1.925 billion to resolve claims in FHFA v. Deutsche Bank AG, et al...
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FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the FHLBanks Regarding Annual Dodd-Frank Stress Tests
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which...
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HARP Volume Dips in Third Quarter
Washington, D.C. – Total refinance volume, including refinances through the Home Affordable Refinance Program (HARP), decreased in the third quarter of 2013 as mortgage interest rates steadily increased in the preceding months, according to the Federal Housing Finance Agency’s Third Quarter 2013...
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FHFA Seeks Public Input on Proposed Gradual Decrease of Future Fannie Mae and Freddie Mac Loan Purchase Limits
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is sending to the Federal Register a request for public input on the implementation of a plan to gradually reduce the maximum size of loans that Fannie Mae and Freddie Mac may purchase. Setting reduced “loan purchase limits” furthers the...
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FHFA Releases 2013 Performance and Accountability Report
Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today released FHFA’s 2013 Performance and Accountability Report (PAR) detailing the Agency’s progress as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the 12...
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Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
Joint Release Board of Governors of the Federal Reserve System Consumer Financial Protection Bureau Federal Deposit Insurance Corporation Federal Housing Finance Agency National Credit Union Administration Office of the Comptroller of the Currency Washington, D.C. – Six federal financial...
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FHFA Announces Senior Staff Changes; DeLeo Named Deputy Director Division of Conservatorship
Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today announced that Jeffrey Spohn, FHFA’s Deputy Director of the Office of Conservatorship Operations, will retire next month. Due to Mr. Spohn’s departure, FHFA will be combining two offices managing...
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FHFA Takes Further Steps to Advance Conservatorship Strategic Plan by Announcing an Increase in Guarantee Fees
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today took additional steps toward fulfilling the Strategic Plan for Enterprise Conservatorships that FHFA published in February 2012. That Plan established a conservator goal of gradually contracting Freddie Mac and Fannie Mae’s dominant...