FHFA
FHFA Index Shows Mortgage Interest Rates Climbing in June
Washington, DC - July 31, 2013 - (RealEstateRama) -- 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
FHFA House Price Index Up 0.7 Percent in May
WASHINGTON, D.C. - July 23, 2013 - (RealEstateRama) -- 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 increase in the purchase-only, seasonally adjusted index.
Fannie Mae and Freddie Mac Help More than 2. 3 Million Homeowners Keep their...
Washington, DC - July 1, 2013 - (RealEstateRama) -- Fannie Mae and Freddie Mac completed more than 130,000 foreclosure prevention actions during the first quarter of 2013, bringing the total foreclosure prevention actions to nearly 2.8 million since the start of conservatorship in 2008. These actions have helped more than 2.3 million borrowers stay in their homes, including nearly 1.4 million who received permanent loan modifications. The results are detailed in the Federal Housing Finance Agency’s first quarter 2013 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report
FHFA Index Shows Mortgage Interest Rates Dipped in May
WASHINGTON, D.C. - June 27, 2013 - (RealEstateRama) -- National data show interest rates on mortgages decreased from April to May. Contract mortgage interest rates decreased slightly from April to May—down 0.15 percent from April, according to an index of new mortgage contracts
Refinance Volume Remains High In March
Washington, D.C. - June 12, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its March 2013 Refinance Report, which shows that refinance volumes remained high as mortgage rates rose slightly but stayed near historic low levels. Nearly 462,000 refinances took place in March, with nearly 100,000 completed through the Home Affordable Refinance Program (HARP). This brings the number of total HARP refinances to more than 2.4 million since the program’s inception in April 2009
FHFA Index Shows Mortgage Interest Rates Remain Low in April
Washington, DC - May 30, 2013 - (RealEstateRama) -- National data show interest rates on mortgages are stable at low levels. Contract mortgage interest rates increased slightly in April—up 0.02 percent from March, according to an index of new mortgage contracts.
U.S. House Pric es Rose 1.9 Percent in First Quarter 2013
Washington, DC - May 28, 2013 - (RealEstateRama) -- Upward momentum in U.S. house prices remained strong in the first quarter of this year, rising 1.9 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the seventh consecutive quarterly price rise in the purchase-only, seasonally adjusted index.
FHFA Releases Fannie and Freddie Reports on Viability of Their Multifamily Businesses Without Government...
WASHINGTON, D.C. - May 6, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released reports prepared by Fannie Mae and Freddie Mac (the Enterprises) on their multifamily businesses. The reports were conducted at the direction of FHFA pursuant to its goal of contracting Fannie Mae and Freddie Mac’s overall market footprint and generating potential value for taxpayers.
FHFA Issues Update on Development of a Common Securitization Infrastructure
Washington, DC - May 1, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) issued a progress report today on steps being taken to establish a Common Securitization Infrastructure for residential mortgage-backed securities. The update reflects feedback from a broad cross-section of industry participants following FHFA’s issuance last October of a white paper entitled “Building a New Infrastructure for the Secondary Mortgage Market.” The white paper sets forth a proposal for both a new securitization platform and a model contractual and disclosure framework
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - April 25, 2013 - (RealEstateRama) -- 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 3.54 percent based on loans closed in March. There was an increase of 0.11 from the previous month
FHFA House Price Index Up 0.7 Percent in February
Washington, DC - April 23, 2013 - (RealEstateRama) -- U.S. house prices rose 0.7 percent on a seasonally adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). For the 12 months ending in February, U.S. house prices rose 7.1 percent.
FHFA Extends HARP to 2015
Washington, DC - April 12, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013
FHFA Announces Deputy Director of the Division of Federal Home Loan Bank Regulation
Washington, DC - April 12, 2013 - (RealEstateRama) -- Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco announced today the promotion of Fred C. Graham to be Deputy Director of the Division of Federal Home Loan Bank Regulation. Graham will oversee the regulation and supervision of the Federal Home Loan Banks.
Refinance Volume Remains Strong Through January
WASHINGTON, D.C. - April 9, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its January 2013 Refinance Report, which shows that refinance volume remained high through the first month of this year. There were nearly 470,000 refinances in January, with roughly 97,600 completed through the Home Affordable Refinance Program (HARP). This brings total HARP refinances to more than 2.2 million since the program’s inception in April 2009.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - March 28, 2013 - (RealEstateRama) -- 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 3.43 percent based on loans closed in February. There was an increase of 0.08 from the previous month.
FHFA Announces New Streamlined Modification Initiative
Washington, DC - March 27, 2013 - (RealEstateRama) - The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer a new, simplified loan modification initiative to minimize losses and to help troubled borrowers avoid foreclosure and stay in their homes. Beginning July 1, servicers will be required to offer eligible borrowers who are at least 90 days delinquent on their mortgage an easy way to lower their monthly payments and modify their mortgage without requiring financial or hardship documentation.
Fannie Mae and Freddie Mac Help 2.7 Million with Foreclosure Prevention Actions
Washington, DC - March 27, 2013 - (RealEstateRama) - Fannie Mae and Freddie Mac completed more than 540,000 foreclosure prevention actions during 2012 with 130,000 in the fourth quarter alone. This brings the total foreclosure prevention actions to nearly 2.7 million since the start of conservatorship in 2008, including more than 1.3 million permanent loan modifications. These actions, which have helped more than 2.2 million borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s fourth quarter 2012 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report.
Federal Housing Finance Agency Reports Mortgage Interest Rates
WASHINGTON, D.C. - February 26, 2013 - (RealEstateRama) -- The average interest rate on conventional, 30-year, fixed-rate mortgage loans of $417,000 or less increased 6 basis points to 3.53 in January. These rates are calculated from the FHFA’s Monthly Interest Rate Survey of purchase-money mortgages (see technical note).
HARP Refinances Reach 2Million
Washington, D.C. - February 18, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its November 2012 Refinance Report, which shows that Fannie Mae and Freddie Mac have reached a new milestone and refinanced more than 2 million loans through the Home Affordable Refinance Program (HARP). In November alone, nearly 130,000 homeowners refinanced their mortgage through HARP, making it the second biggest month in 2012.
DONOVAN AND DEMARCO ANNOUNCE EXTENDED FORECLOSURE RELIEF FOR HURRICANE SANDY STORM VICTIMS
WASHINGTON, DC - January 31, 2013 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan, who serves as President Obama’s Chairman of the Hurricane Sandy Rebuilding Task Force, and Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced that the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac will extend expiring protections against foreclosure actions against homeowners whose properties were damaged or destroyed due to Hurricane Sandy.
