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FHFA Releases 2011 Performance and Accountability Report
Washington, D.C. – Federal Housing Finance Agency Acting Director Edward J. DeMarco today released FHFA’s 2011 Performance and Accountability Report (PAR) detailing the agency’s performance and achievements for fiscal year 2011. For the third consecutive year, FHFA received a clean audit opinion...
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FHFA Responds to Letter from Senators on Executive Compensation
Today FHFA Acting Director Edward J. DeMarco responded to a letter from numerous U.S. Senators regarding executive compensation at Fannie Mae and Freddie Mac. Attached is the text of the letter. Executive Compensation Letter to U.S. Senators Corinne Russell (202) 649-3032 / Stefanie Johnson (202)...
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FHFA Reports Mortgage Interest Rates, September 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 4.38 percent based on loans closed in September. This is a decrease of...
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FHFA Updates Projections of Potential Draws for Fannie Mae and Freddie Mac
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released updated projections of the financial performance of Fannie Mae and Freddie Mac, including potential draws under the Senior Preferred Stock Purchase Agreements with the U.S. Department of the Treasury. FHFA first...
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FHFA Announces Freddie Mac Board and Management Changes
Washington, D.C. – The Federal Housing Finance Agency today announced, in accordance with FHFA’s corporate governance regulation and Freddie Mac’s Corporate Governance Guidelines, two Freddie Mac board members, John Koskinen (Chairman) and Robert Glauber (Chairman, Governance and Nominating...
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FHFA House Price Index Falls 0.1 Percent in August
Washington, D.C. – U.S. house prices fell 0.1 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.8 percent increase in July was revised to reflect no change. For the 12 months ending in...
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FHFA, Fannie Mae and Freddie Mac Announce HARP Changes to Reach More Borrowers
Washington, D.C. – The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgage. The...
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FHFA Directs Fannie Mae and Freddie Mac to Adopt Uniform Improvements to Foreclosure Attorney Networks
Washington, D.C. – The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to transition away from current foreclosure attorney network programs and move to a system where mortgage servicers select qualified law firms that meet certain minimum, uniform criteria. Under...
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Joint Initiative Seeks Public Comment on Alternative Mortgage Servicing Compensation; Releases Discussion Paper
PageContent Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the Joint Initiative on Mortgage Servicing Compensation is seeking public comment on two alternative mortgage servicing compensation structures detailed in a discussion paper. In January, FHFA directed...
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FHFA Reports Mortgage Interest Rates, August 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 4.56 percent based on loans closed in August. This is a decrease of 0...