FHFA: Expanded Eligibility Announced for “Rep and Warrant” Relief Following COVID-19 Forbearance
Today, the Federal Housing Finance Agency (FHFA) announced that it will revise the treatment of active single-family mortgages backed by Fannie Mae and Freddie Mac (the Enterprises) for which borrowers elected a COVID-19 forbearance under the Enterprises’ representations and warranties (rep and warrant) framework. Under the updated rep and warrant policies, loans for which borrowers…
FHFA: Property Insurance Symposium Scheduled for November 14th and 15th
In an effort to foster dialogue on the growing challenges related to the availability and affordability of property insurance, the Federal Housing Finance Agency (FHFA) today announced it would host the first in a series of property insurance symposiums on November 14 and 15, 2023. “We are looking forward to engaging with industry leaders and…
FHFA: Report Announced on the Sale of Non-Performing Loans by the Enterprises
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2022. Borrower outcomes reflect NPLs sold through June 30, 2022. The sale of NPLs…
FHFA: House Price Index Up 0.8 Percent in July 2023; Up 4.6 Percent from Last Year
U.S. house prices rose in July, up 0.8 percent from June, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.6 percent from July 2022 to July 2023. The previously reported 0.3 percent price increase in June was revised upward to a 0.4 percent increase. For the nine census divisions,…
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…