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Refinance Volume Down Slightly in Second Quarter
Washington, D.C. – The total volume of home refinances decreased slightly in the second quarter of 2013 and refinances through the Home Affordable Refinance Program (HARP) also declined somewhat, according to the Federal Housing Finance Agency's Second Quarter 2013 Refinance Report. Total refinance...
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FHFA Index Shows Mortgage Interest Rates Rose Sharply in July 2013
Washington, D.C. – National data show interest rates on mortgages continued their upward trend. Contract mortgage interest rates increased 0.45 percent from June to July, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National Average...
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Agencies Request Comment on Proposed Risk Retention Rule
Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Development Federal Deposit Insurance Corporation Federal Housing Finance Agency Office of the Comptroller of the Currency Securities and Exchange Commission Six federal agencies on Wednesday issued...
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U.S. House Prices Rose 2.1 Percent in Second Quarter 2013
Washington, D.C. – Upward momentum in U.S. house prices remained strong in the second quarter, as prices rose 2.1 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the eighth consecutive quarterly price increase in the purchase...
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FHFA Releases New Working Paper Analyzing the Effect of Distressed Sales on the FHFA House Price Index
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a Working Paper that evaluates the impact of distressed sales—sales of bank-owned properties and short sales—on the FHFA House Price Index (HPI). The study details recent and historical price discounts associated with such...
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FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily Businesses
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking public input on strategies for reducing Fannie Mae and Freddie Mac’s presence in the multifamily housing finance market in 2014. In keeping with the goal of contracting the market presence of Fannie Mae and Freddie Mac while...
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FHFA Index Shows Mortgage Interest Rates Climbing in June 2013
Washington, D.C. – National data show interest rates on mortgages continued their upward trend. Contract mortgage interest rates increased from May to June—up 0.15 percent from May, according to an index of new mortgage contracts. According to the Federal Housing Finance Agency (FHFA), the National...
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Refinance Volume Down Slightly in May but Remains Strong
Washington, D.C. – Refinance volume dipped slightly in May from the prior month but remained strong as mortgage rates stayed just above record low levels, according to the Federal Housing Finance Agency’s May 2013 Refinance Report. More than 418,000 refinances took place in May, with nearly 85,000...
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FHFA Announces Settlement with UBS
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 UBS Americas, Inc. for $885 million. The settlement covers claims of alleged violations of federal and state securities laws in connection with...
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FHFA House Price Index Up 0.7 Percent in May
Washington, D.C. – U.S. house price appreciation continued in May 2013, rising 0.7 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The May HPI change marks the sixteenth consecutive monthly price...