FHFA: 2018 Report to Congress Includes Legislative Recommendations

The Federal Housing Finance Agency (FHFA) today released its 2018 Report to Congress.  The report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008.  It provides information about FHFA’s 2018 examinations of Fannie Mae […]

FHFA: Index Shows Mortgage Rates Decreased on April 2019

FHFA has determined that due to dwindling participation, the Monthly Interest Rate Survey will be discontinued. This is the final monthly release.  Nationally, interest rates on conventional purchase-money mortgages decreased from March to April, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the […]

FHA: U.S. House Prices Rise 1.1 Percent in First Quarter 2019

U.S. house prices rose 1.1 percent in the first quarter of 2019 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.1 percent from the first quarter of 2018 to the first quarter of 2019.  FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. The HPI […]

FHFA: Index Shows Mortgage Rates Decreased in March 2019

Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, 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 4.36 percent for loans closed in late March, down 10 basis points from […]

FHFA: New Report Details Progress on the 2018 Scorecard for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) issued a Scorecard Progress Report today summarizing the 2018 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator:  Maintain, Reduce, and Build.    Interested parties are invited to provide input on this Report. Feedback can be submitted […]

FHFA: House Price Index Up 0.3 Percent in February 2019, Up 4.9 Percent from Last Year

U.S. house prices rose in February, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.6 percent increase for January 2019 remained unchanged.   The FHFA monthly HPI is calculated using home sales price information from mortgages […]

FHFA: Index Shows Mortgage Rates Decreased in February 2019

Nationally, interest rates on conventional purchase-money mortgages decreased 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 4.46 percent for loans closed in late February, down 14 basis points from […]

FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year

 U.S. house prices rose in January, up 0.6 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 for December 2018 remained unchanged.   The FHFA monthly HPI is calculated using home sales price information […]

FHFA: Nearly 4.3 Million Homeowners Helped Via Foreclosure Prevention

The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 41,062 foreclosure prevention actions in the fourth quarter of 2018, bringing the total number of foreclosure prevention actions to 4,283,836 since September 2008.  The report […]