FHA: House Price Index Up 0.2 Percent in July 2018
U.S. house prices rose in July, 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 0.2 percent increase in June was revised upward to 0.3 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FHFA: Notice of Proposed Rulemaking on Uniform Mortgage-Backed Security
The Federal Housing Finance Agency (FHFA) is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS). The objective of the proposed rule is to enhance the overall liquidity of Enterprise TBA-eligible MBS by supporting…
FHFA: Index Shows Mortgage Rates Increased in July 2018
Nationally, interest rates on conventional purchase-money mortgages increased from June to July, 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 4.60 percent for loans closed in late July, up 1 basis point from 4.59 percent in June. The average interest…
FHFA: U.S. House Prices Rise 1.1 Percent in Second Quarter 2018
U.S. house prices rose 1.1 percent in the second quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.5 percent from the second quarter of 2017 to the second quarter of 2018. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. The…
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages. In the last…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Down in Second Quarter 2018
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 299,466 refinances in the second quarter of 2018, compared with 356,002 in the first quarter. FHFA’s second quarter Refinance Report also shows that 2,973 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
FHFA: Public Comment Period Extended until November 16th for Proposed Enterprise Capital Requirements Rule
The Federal Housing Finance Agency (FHFA) today announced that it is extending the public comment period for the Agency’s proposed rule on Enterprise Capital Requirements by an additional 60 days. The previous deadline for comments was September 17, 2018. The new deadline will be November 16, 2018. FHFA is extending the public comment period due to…
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…