FHFA: U.S. House Prices Rise 1.1 Percent in Fourth Quarter 2018
U.S. house prices rose 1.1 percent in the fourth quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Decreases in Fourth Quarter 2018
Nearly 3.5 Million HARP Loans at Program Expiration The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 245,620 refinances in the fourth quarter of 2018, compared with 253,135 in the third quarter. FHFA’s fourth quarter Refinance Report also shows that 1,390 loans were refinanced through the Home Affordable Refinance Program…
FHFA: Indices Show Little Movement in Mortgage Interest Rates in December 2018
Nationally, interest rates on conventional purchase-money mortgages were nearly flat from November to December, 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 4.83 percent for loans closed in late December, down 3 basis points from 4.86 percent…
FHFA: House Price Index Up 0.4 Percent in November 2018
U.S. house prices rose in November, up 0.4 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 in October was revised to reflect a 0.4 percent increase. The FHFA monthly HPI is calculated using home sales price information…
FHFA: Index Shows Mortgage Rates Increased in November 2018
Nationally, interest rates on conventional purchase-money mortgages increased from October to November, 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 4.86 percent for loans closed in late November, up 11 basis points from 4.75 percent in October….
FHFA: House Price Index Up 0.3 Percent in October 2018
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly…
OCC: President Trump Names Joseph M. Otting Acting Director of Federal Housing Finance Agency
Comptroller of the Currency Joseph M. Otting today issued the following statement after President Donald J. Trump designated him to become Acting Director of the Federal Housing Finance Agency (FHFA) upon completion of current Director Mel Watt’s term on January 6. I am honored that President Trump has named me Acting Director of the Federal…
FHFA: Foreclosure Preventions Surpass 4.2 Million in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008. The report also shows that nearly 25…
FHFA: 2019 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2019 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). The 2019 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, published in May 2014. …
FHFA: Fannie Mae and Freddie Mac’s Modified Underserved Markets Plan for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018. FHFA requested public input in October 2018 on the Enterprises’ proposed Duty to Serve Plan modifications. FHFA…