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FHFA Releases Analysis on Principal Forgiveness as Loss Mitigation Tool
Washington, D.C. – In response to a request from members of Congress, the Federal Housing Finance Agency (FHFA) has publicly disclosed the analysis that led the agency to exclude principal forgiveness from its menu of loss mitigation tools. On Friday, FHFA delivered to Representative Cummings...
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FHFA House Price Index Falls 0.2 Percent in October
Washington, D.C. – U.S. house prices fell 0.2 percent on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.9 percent increase in September was revised downward to reflect a 0.4 percent...
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FHFA Reports Mortgage Interest Rates, December 2011
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 ARM contracts, was 4.22 percent based on loans closed in November. This is an...
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FHFA Announces New Timeline for Fannie Mae and Freddie Mac Mortgage Data Implementation
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today said it will extend implementation dates for a key component of the Uniform Mortgage Data Program (UMDP) announced in May 2010, known as the Uniform Loan Delivery Dataset (ULDD). Industry participants have demonstrated continued...
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FHFA Sues the City of Chicago Over Vacant Buildings Ordinance
Washington, D.C. – The Federal Housing Finance Agency (FHFA), on its own behalf and as Conservator for Fannie Mae and Freddie Mac (the Enterprises), has filed a lawsuit in the U.S. District Court for the Northern District of Illinois against the city of Chicago to prevent enforcement of the city’s...
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Fannie Mae and Freddie Mac Complete Nearly 2 Million Foreclosure Prevention Actions With Over 1 Million Permanent Loan Mods
PageContent Washington, D.C. – Fannie Mae’s and Freddie Mac’s foreclosure prevention activity increased in the third quarter of 2011 and total nearly 2 million foreclosure prevention actions since the beginning of conservatorship in 2008. During this period, the Enterprises completed one million...
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U.S. House Prices Rise 0.2 Percent in Third Quarter 2011
Washington, D.C. – U.S. house prices rose in the third quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only House Price Index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was 0...
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FHFA Announces Senior Staff Appointments
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco has announced the appointments of Richard B. Hornsby, as FHFA’s Chief Operating Officer (COO), and Jon Greenlee, as the agency’s Deputy Director of the Division of Enterprise Regulation. Mr. Hornsby served at the...
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FHFA Reports Mortgage Interest Rates, October 2011
Washington, D.C. – The Federal Housing Finance Agency 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 ARM contracts, was 4.19 percent based on loans closed in October. This is a decrease of 0...
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Maximum Conforming Loan Limits to Remain Unchanged in All Counties But One in 2012
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that under terms set forth in the Housing and Economic Recovery Act of 2008 (HERA), the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2012 will remain at existing levels except in...