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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...
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FHFA Announces Overhaul of Fannie Mae and Freddie Mac Mortgage Insurance Master Policy Requirements
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac have completed the first major overhaul of mortgage insurance master policy requirements in many years. FHFA’s 2013 Conservatorship Scorecard calls for Fannie Mae and Freddie Mac to develop...
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U.S. House Prices Rose 2.0 Percent in Third Quarter 2013
Washington, D.C. – Upward momentum in U.S. house prices remained strong in the third quarter, as prices rose 2.0 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the ninth consecutive quarterly price increase in the purchase...
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FHFA Index Shows Mortgage Interest Rates Decrease in October
Washington, D.C. – National data show interest rates on mortgages interrupted their upward trend. Contract mortgage interest rates decreased 0.04 percent from September to October, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National...
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FHFA Announces Fannie Mae and Freddie Mac Conforming Loan Limits for 2014
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country. The Housing and Economic Recovery Act of 2008...