FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
CDFI Fund: U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the Federal Housing Finance Agency (FHFA) announced the establishment of a Working Group to increase capital for affordable housing lending from the Federal Home Loan Banks. The group will advance the Biden-Harris Administration’s priority of expanding the supply of affordable…
FHFA: House Price Index Up 0.3 Percent in August 2024; Up 4.2 Percent from Last Year
U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes…
FHFA: HUD and FHFA Expand Scope of Public Appraisal Data to Ensure Fairer Home Appraisals
The Federal Housing Finance Agency released its latest update of the Uniform Appraisal Dataset (UAD) that now includes appraisal data on loan applications submitted to the Federal Housing Administration The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family…
FHFA: Updates to Enterprise Policies on Appraisals, Loan Repurchase Alternatives, and Pricing Notifications Announced
The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and…
FHFA: Rule Proposed to Improve Federal Home Loan Bank Governance
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking which addresses boards of directors and executive management of the Federal Home Loan Banks (FHLBanks) and the FHLBank System’s Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. “The Federal Home Loan Bank…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
FHFA: Housing Market Data Resources Expand with New Manufactured House Price Index
The new quarterly data series provides insights on prices for a market segment that often serves as an affordable option for homebuyers The Federal Housing Finance Agency (FHFA) published today new national datasets on price trends for manufactured homes. FHFA’s release of the House Price Index (HPI) and median prices for manufactured homes provides quarterly…
FHFA: Rule Proposed to Expand Access to Liquidity for the Federal Home Loan Banks
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking on Federal Home Loan Bank (FHLBank) Unsecured Credit Limits. The proposed rule would improve the FHLBanks’ ability to provide liquidity to members by aligning the treatment of interest-bearing deposit accounts (IBDAs) and other authorized overnight investments with the treatment of Federal Funds sales….
FHFA: NMDB Residential Mortgage Dashboard Released
Agency unveils online tool that shows loan performance of residential mortgages at the national and state levels and for the 100 largest metropolitan areas The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB®) Aggregate Statistics series to include new quarterly data on the loan performance of residential mortgages through the second quarter…