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FHFA Reports Mortgage Interest Rates, October 2012
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.44 percent based on loans closed in...
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HARP Enhancements Continue to Bolster Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its September Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Program (HARP) accounted for nearly one-quarter of all refinances in the third quarter of...
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U.S. House Prices Rose 1.1 Percent in Third Quarter 2012
Washington, D.C. – U.S. house prices rose 1.1 percent from the second quarter to the third quarter of 2012 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only House Price Index (HPI). The HPI is calculated using home sales price information from Fannie Mae and...
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FHFA Releases 2012 Performance and Accountability Report
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco today released FHFA’s 2012 Performance and Accountability Report (PAR) detailing the agency’s performance as regulator and conservator of Fannie Mae and Freddie Mac and regulator of the 12 Federal Home Loan Banks...
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FHFA and CFPB Partner on Development of National Mortgage Database
Washington, D.C. – The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) have agreed to partner on the creation of a National Mortgage Database—the first comprehensive repository of detailed mortgage loan information. The database will primarily be used to support...
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FHFA Reports Mortgage Interest Rates, September 2012
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.56 percent based on loans closed in...
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FHFA House Price Index Up 0.7 Percent in August
Washington, D.C. – U.S. house prices rose 0.7 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported 0.2 percent increase in July was revised downward to a 0.1 percent increase. For the 12...
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HARP Loans Continue Strong Pace in August
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its August Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Program (HARP) accounted for nearly one-quarter of all refinances in August. Nearly 99,000...
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FHFA Seeks Public Input on Building a New Infrastructure for the Secondary Mortgage Market
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released for public input a white paper on a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement. Developing a new securitization infrastructure is a key goal of the FHFA Strategic Plan...
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FHFA Announces Winning Investor in Chicago REO Pilot Initiative
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that The Cogsville Group, LLC has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned (REO) pilot initiative. All properties were sold near or above market value. FHFA launched the REO pilot...