FHFA: Notice of Proposed Rulemaking Issued to Amend the Suspended Counterparty Program Regulation
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a proposed rule that would amend the Suspended Counterparty Program (SCP) regulation. The SCP regulation requires any of FHFA’s regulated entities to submit a report to FHFA if the regulated entity becomes aware that an individual or institution with which it…
FHFA: Uniform Appraisal Dataset Aggregate Statistics Expanded with New Measures and New Quarterly Data
Agency launches two additional data dashboard The Federal Housing Finance Agency (FHFA) today published its 2023 first quarter data for the Uniform Appraisal Dataset (UAD) Aggregate Statistics. The Data File and Dashboards also include new statistics and property characteristics. For the first time, FHFA’s UAD Aggregate Statistics include data on residential property sales comparisons (“comparables”)….
FHFA: House Price Index Up 0.7 Percent in April 2023; Up 3.1 Percent from Last Year
U.S. house prices rose in April, up 0.7 percent from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 3.1 percent from April 2022 to April 2023. The previously reported 0.6 percent increase in March was revised downward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly…
FHFA: First Quarter 2023 Foreclosure Prevention and Refinance Report Released
The Federal Housing Finance Agency (FHFA) today released its first quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 58,268 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September…
Interagency Notice of Proposed Rulemaking Issued on Quality Control Standards for Automated Valuation Models
The Office of the Comptroller of the Currency (OCC), along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency (collectively, the agencies) are proposing a rule designed to implement quality control standards for…
FHFA: 2022 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2022 Report to Congress. The statutorily required report provides information about FHFA’s 2022 examinations of Fannie Mae, Freddie Mac (the Enterprises), Common Securitization Solutions (CSS), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance. It also describes FHFA’s actions as conservator of the…
Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule
Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing…
FHFA: Agency Announces Membership in FEMA’s Mitigation Framework Leadership Group
The Federal Housing Finance Agency (FHFA) today announced its membership in the Mitigation Framework Leadership Group (MitFLG). Climate risk poses a serious threat to the U.S. housing finance system. Natural disaster events such as hurricanes, wildfires, and floods resulting from climate change present challenges for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System…
FHFA: U.S. House Prices Rise 4.3 Percent Over the Last Year; Up 0.5 Percent from Fourth Quarter 2022
U.S. house prices rose 4.3 percent between the first quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.5 percent compared to the fourth quarter of 2022. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent from February. “U.S. house prices generally increased modestly in the…
FHFA: Input Requested on Multifamily Tenant Protections
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac (the Enterprises). Through their role as secondary market participants in the multifamily housing market, the Enterprises have a public mission to support the availability of safe, decent…