FHFA: Progress Report on the 2017 Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2017 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. The Report describes efforts taken by the Enterprises during 2017 to address factors limiting access to mortgage credit for creditworthy…
FHFA: June 2019 Implementation of the New Uniform Mortgage-Backed Security Announced
The Federal Housing Finance Agency (FHFA) today announced that on June 3, 2019 Fannie Mae and Freddie Mac (the Enterprises) will start issuing a new, common security, the Uniform Mortgage-Backed Security (UMBS), in place of their current offerings of TBA-eligible mortgage-backed securities. The new UMBS will be issued through the Enterprises’ joint venture, Common Securitization…
FHFA: Index Shows Mortgage Rates Increased in February 2018
Nationally, interest rates on conventional purchase-money mortgages increased from January to February, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.28 percent for loans closed in late February, up 16 basis points from 4.12 percent in January….
FHFA: House Price Index Up 0.8 Percent in January 2018
U.S. house prices rose in January, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in December was revised upward to 0.4 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FHFA: Report Shows Fannie Mae and Freddie Mac Foreclosure Preventions Surpass 4 Million
Hurricanes Impact Delinquency Rate The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 67,569 foreclosure prevention actions in the fourth quarter of 2017, bringing the total number of homeowners helped to 4,040,258 since the start of the conservatorships in…
FHFA: Proposed Rule Amending Federal Home Loan Banks’ Affordable Housing Program Regulation Issued
The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to its regulation on the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). The proposed amendments would authorize the FHLBanks to redesign their project selection systems and create special targeted funds, which would allow the FHLBanks more flexibility to align their AHP…
FHFA: Index Shows Mortgage Rates Increased in January 2018
Nationally, interest rates on conventional purchase-money mortgages increased from December to January, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.12 percent for loans closed in late January, up 4 basis points from 4.08 percent in December….
FHFA: U.S. House Prices Rise 1.6 Percent in Fourth Quarter 2017
U.S. house prices rose 1.6 percent in the fourth quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.7 percent from the fourth quarter of 2016 to the fourth quarter of 2017. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The HPI is…
HUD and Census Bureau: New Residential Sales Report for January 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2018: New Home Sales Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000. This is 7.8 percent (±19.0 percent)* below the revised December…
FHFA: Refinance Volume Increases in Fourth Quarter 2017
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed more than 446,295 refinances in the fourth quarter of 2017, compared with 362,934 in the third quarter. FHFA’s fourth quarter Refinance Report also shows that 6,309 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number…