FHFA: Second Quarter 2023 Foreclosure Prevention and Refinance Report Released
The Federal Housing Finance Agency (FHFA) today released its second quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 47,370 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,818,471 since the start of conservatorships in September…
FHFA: Membership Applications Open for Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
The Federal Housing Finance Agency (FHFA) today announced it will begin accepting membership applications for its Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will advise FHFA on affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to provide reliable liquidity to housing…
FHFA: New Phase of Public Engagement Process Announced for Updated Credit Score Requirements
Today, the Federal Housing Finance Agency (FHFA) announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac (the Enterprises). This engagement, which will include stakeholder forums and listening sessions, will allow for identification of a wide…
FHFA: U.S. House Prices Rise 3.0 Percent over the Last Year; Up 1.7 Percent from the First Quarter 2023
U.S. house prices rose 3.0 percent between the second quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.7 percent compared to the first quarter of 2023. FHFA’s seasonally adjusted monthly index for June was up 0.3 percent from May. “U.S. house prices appreciated at a slightly higher…
Agencies to Host Roundtable on Special Purpose Credit Programs on September 12th
Four federal agencies will host a roundtable discussion September 12, 2023, at 3:00 p.m. EDT regarding the availability of special purpose credit programs to help meet the credit needs of eligible individuals. The event will be open to the public via livestream. U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge, Acting Comptroller…
FHFA: Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests Announced
The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests that Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). As amended, the Dodd-Frank Act requires certain financial institutions with more than $250…
FHFA: House Price Index Up 0.7 Percent in May 2023; Up 2.8 Percent from Last Year
U.S. house prices rose in May, up 0.7 percent from April, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 2.8 percent from May 2022 to May 2023. The previously reported 0.7 percent increase in April remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from April…
FHFA: Notice of Proposed Rulemaking Issued to Amend the Suspended Counterparty Program Regulation
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a proposed rule that would amend the Suspended Counterparty Program (SCP) regulation. The SCP regulation requires any of FHFA’s regulated entities to submit a report to FHFA if the regulated entity becomes aware that an individual or institution with which it…
FHFA: Uniform Appraisal Dataset Aggregate Statistics Expanded with New Measures and New Quarterly Data
Agency launches two additional data dashboard The Federal Housing Finance Agency (FHFA) today published its 2023 first quarter data for the Uniform Appraisal Dataset (UAD) Aggregate Statistics. The Data File and Dashboards also include new statistics and property characteristics. For the first time, FHFA’s UAD Aggregate Statistics include data on residential property sales comparisons (“comparables”)….
FHFA: House Price Index Up 0.7 Percent in April 2023; Up 3.1 Percent from Last Year
U.S. house prices rose in April, up 0.7 percent from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 3.1 percent from April 2022 to April 2023. The previously reported 0.6 percent increase in March was revised downward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly…