FHFA: Report Details Progress on the 2016 Scorecard for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2016 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. The Progress Report details efforts made to address borrower impediments to credit access while transitioning from crisis…
FHFA: Index Shows Mortgage Rates Increased in February
Washington, D.C. – 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 4.27 percent for loans closed in late February, up 5 basis points from 4.22…
SBA: Administrator McMahon Appoints William Manger as Head of Capital Access
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that William Manger will serve as Associate Administrator for SBA’s Office of Capital Access. “Capital is the lifeblood of small businesses,” McMahon said. “Bill will play a critical part of SBA’s mission by helping entrepreneurs get access to the credit they need…
FHFA: Fourth Quarter Foreclosure Prevention Report | Foreclosure Preventions Surpass 3.8 Million
Washington, D.C. – 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 189,911 foreclosure prevention actions in 2016, bringing the total number of troubled homeowners helped since conservatorships to more than 3.8 million. Of the 3.8 million foreclosure prevention…
FHFA: House Price Index Remains Flat in January
Washington, D.C. – U.S. house prices remained flat in January according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The HPI has reflected positive monthly increases since early 2012, except for November 2013 and January 2017, when house prices were flat on a month-over-month basis. The previously reported 0.4…
CFPB: Check Out New List to See if Your Credit Card Offers you Free Access to One of Your Credit Scores
Take a first step toward learning more about your credit history by checking your credit scores and credit reports. Today we released a list of several companies that told us they offer existing credit card customers free access to one of their credit scores. Until recently, consumers couldn’t easily access their credit scores and often had to…
FHFA: Index Shows Mortgage Rates Increased in January
Washington, D.C. – 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 4.22 percent for loans closed in late January, up 22 basis points from 4.00…
SBA: Administrator McMahon Appoints Mary Anne Bradfield as Chief of Staff
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration (SBA) announced today that Mary Anne Bradfield will serve as her new Chief of Staff. “I’m so pleased to have Mary Anne by my side. Her wealth of private and public sector leadership and management experience, including four years of experience at SBA in…
FHFA: US House Prices Rise 1.5 Percent in Fourth Quarter
Washington, D.C. – U.S. house prices rose 1.5 percent in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016. FHFA’s seasonally adjusted monthly index for December was up 0.4 percent…