FHFA: Report Shows Fannie Mae and Freddie Mac Foreclosure Preventions Surpass 4 Million
Hurricanes Impact Delinquency Rate 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 67,569 foreclosure prevention actions in the fourth quarter of 2017, bringing the total number of homeowners helped to 4,040,258 since the start of the conservatorships in…
FHFA: Proposed Rule Amending Federal Home Loan Banks’ Affordable Housing Program Regulation Issued
The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to its regulation on the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). The proposed amendments would authorize the FHLBanks to redesign their project selection systems and create special targeted funds, which would allow the FHLBanks more flexibility to align their AHP…
FHFA: Index Shows Mortgage Rates Increased in January 2018
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 4.12 percent for loans closed in late January, up 4 basis points from 4.08 percent in December….
FHFA: U.S. House Prices Rise 1.6 Percent in Fourth Quarter 2017
U.S. house prices rose 1.6 percent in the fourth quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.7 percent from the fourth quarter of 2016 to the fourth quarter of 2017. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The HPI is…
HUD and Census Bureau: New Residential Sales Report for January 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2018: New Home Sales Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000. This is 7.8 percent (±19.0 percent)* below the revised December…
FHFA: Refinance Volume Increases in Fourth Quarter 2017
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed more than 446,295 refinances in the fourth quarter of 2017, compared with 362,934 in the third quarter. FHFA’s fourth quarter Refinance Report also shows that 6,309 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number…
FHFA: 2018-2020 Housing Goals for Fannie Mae and Freddie Mac Finalized
The Federal Housing Finance Agency (FHFA) today published a final rule that establishes new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2018 through 2020 in accordance with the provisions of the Housing and Economic Recovery Act of 2008. The new goals replace the previous goals, which were in effect through the…
FHFA: Deadline Extended to March 30th for Request for Input on Fannie Mae and Freddie Mac Credit Score Requirements
The Federal Housing Finance Agency (FHFA) today announced that it will extend, from February 20, 2018 to March 30, 2018, the deadline for interested parties to provide input on potential changes to the credit score requirements of Fannie Mae and Freddie Mac (the Enterprises). FHFA is seeking input on all aspects of a potential change…
FHFA: Final Strategic Plan for FY 2018-2022 Released
The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2018-2022, which reflects the Agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). Last year FHFA requested input on the draft Agency strategic plan from Members…
FHFA: Index Shows Mortgage Rates Increased in December 2017
Nationally, interest rates on conventional purchase-money mortgages increased 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 4.08 percent for loans closed in late December, up 3 basis points from 4.05 percent in November….