FHFA: Index Shows Mortgage Rates Increased in June 2018
Nationally, interest rates on conventional purchase-money mortgages increased from May to June, 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 4.59 percent for loans closed in late June, up 2 basis points from 4.57 percent in May. The…
FHFA: House Price Index Up 0.2 Percent in May 2018
U.S. house prices rose in May, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase in April was revised upward to 0.2 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FHFA: Agency Announces Decision to Stop Credit Score Initiative
The Federal Housing Finance Agency (FHFA) today announced that the Agency will not make a decision in 2018 about updating the credit score model used by Fannie Mae and Freddie Mac (the Enterprises) as previously announced and, instead, is shifting its focus to implementation of Section 310 of the Economic Growth, Regulatory Relief, and Consumer…
FHFA: Index Shows Mortgage Rates Increased in May 2018
Nationally, interest rates on conventional purchase-money mortgages increased from April to May, 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 4.57 percent for loans closed in late May, up 6 basis points from 4.51 percent in April. The…
FHFA: House Price Index Up 0.1 Percent in April 2018
U.S. house prices rose in April, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase in March was revised upward to 0.2 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FHFA: Foreclosure Preventions Top 4.1 Million In 2018 First Quarter
The Federal Housing Finance Agency (FHFA) today released its first quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 68,378 foreclosure prevention actions in the first quarter of 2018, bringing the total number of foreclosure prevention actions to 4,108,636. The Enterprises’ serious delinquency rate dropped to 1.1 percent…
FHFA: Fifth Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released its fifth report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through December 31, 2017, and reflects borrower outcomes as of December 31, 2017 on NPLs sold…
FHFA: Proposed Rule Issued on Enterprise Capital Requirements for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum leverage capital requirement for the Enterprises. FHFA suspended regulatory capital requirements after placing the Enterprises…
FHFA: Index Shows Mortgage Rates Increased in April 2018
Nationally, interest rates on conventional purchase-money mortgages increased from March to April, 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 4.51 percent for loans closed in late April, up 2 basis points from 4.49 percent in March….
FHFA: U.S. House Prices Rise 1.7 Percent in First Quarter 2018
Monthly Index Shows 0.1 Percent Increase in March U.S. house prices rose 1.7 percent in the first quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.9 percent from the first quarter of 2017 to the first quarter of 2018. FHFA’s seasonally adjusted monthly index for…