FHFA: Adverse Market Refinance Fee Eliminated

Allows certain borrowers to save more money when refinancing Today, to help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021. To allow families to […]

FHFA: Policy Statement on Fair Lending Issued

FHFA also requiring the Enterprises to submit fair lending reports Today, the Federal Housing Finance Agency (FHFA) issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks (together, the regulated […]

FHFA: Use of Interest Rate Reduction Expanded to Help Borrowers with a COVID-19 Hardship Reduce Their Monthly Mortgage Payment

Changes to loan modification terms will help borrowers stay in their homes Today, the Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) needing payment reduction for successful home retention. The updated terms […]

FHFA: New and Expanded Statistical Products Announced for the National Mortgage Databse

The Federal Housing Finance Agency (FHFA) today released a set of new and expanded statistical products from the National Mortgage Database (NMDB®). FHFA expanded the national statistics for new residential mortgage originations to include monthly, quarterly, and annual series for home purchase and refinance mortgages in all major market segments. […]

FHFA: House Price Index Up 1.8 Percent in April; Up 15.7 Percent from Last Year

House prices rose nationwide in April, up 1.8 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®).  House prices rose 15.7 percent from April 2020 to April 2021. The previously reported 1.4 percent price change for March 2021 was revised upward to a 1.6 percent […]

FHFA: New Protections Announced After COVID-19 Foreclosure and REO Eviction Moratoriums End

Servicers of Enterprise-backed mortgages will be prohibited from making most first filings for foreclosure before new CFPB rules take effect August 31 Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) servicers will not be permitted to make a first notice or filing […]

FHFA: COVID-19 Foreclosure and REO Eviction Moratoriums Extended until July 31, 2021

Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until July 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that […]

FHFA: First Quarter 2021 Foreclosure Prevention and Refinance Report Released

More than 5.8 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its first quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 224,646 foreclosure prevention actions in the first quarter of 2021, bringing the total number […]

FHFA: 2020 Report to Congress Issued

Highlights FHFA’s actions taken during the pandemic to keep families in their homes The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress ​(the Report), covering calendar year 2020. The report highlights FHFA’s historic policy response that helped borrowers and renters stay safe in their homes while also ensuring […]

FHFA: RFI Issued on Executive Compensation at Fannie Mae, Freddie Mac, and the Federal Home Loan Banks

Seeks input on evaluating “reasonable” and “comparable” compensation at the regulated entities, in and out of conservatorship The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on executive compensation ​at the regulated entities: Fannie Mae and Freddie Mac (the Enterprises) as well as the Federal Home Loan Banks (the […]