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Federal Housing Finance Agency (FHFA)

FHFA Sets Goals For GSE's Next Few Years

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The Federal Housing Finance Agency (FHFA) proposed a rule that would establish housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2015 through 2017. FHFA is requesting comment on all aspects of the proposed rule. The Housing and Economic Recovery Act of 2008 requires FHFA to establish annual housing goals for both Enterprises, and FHFA’s current housing goals rule is effective through the end of 2014.Click to continue

U.S. Home Prices Up Nearly One Percent in Q2

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The Federal Housing Finance Agency (FHFA) has announced that U.S. house prices rose 0.8 percent in the second quarter of 2014, according to its purchase-only, seasonally adjusted House Price Index (HPI). This is the twelfth consecutive quarterly price increase in the HPI.Click to continue

FHFA Reaches $3.15 Billion MBS Settlement With Goldman Sachs

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The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, has announced it has reached a settlement with Goldman Sachs, related companies and certain named individuals. The settlement addresses claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007.Click to continue

FHFA: Monthly Refi Volume Rises in June

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The Federal Housing Finance Agency (FHFA) has reported that the total volume of mortgage refinances increased slightly in June as mortgage rates decreased from May, according to FHFA's Second Quarter 2014 Refinance Report. Total refinance volume for the second quarterClick to continue

USMI Responds to FHFA Request for Input

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USMI has submitted its response to the Federal Housing Finance Agency (FHFA) request for input (RFI) regarding the guarantee fees (g-fees) that Freddie Mac and Fannie Mae charge to lenders. The RFI follows FHFA's suspension in January 2014 of proposed increases to g-fees. USMI comments focused on the following key issues:Click to continue

NAR Partners With FHFA for Atlanta HARP Workshop

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More than 34,000 Atlanta residents are potentially eligible to reduce their mortgage payments under the Home Affordable Refinance Program, or HARP, according to Federal Housing Finance Agency Director Mel Watt and the National Association of Realtors, who recently participated in a special town hall meeting in Atlanta for community leaders and real estate professionals.Click to continue

Regulators Target AMCs With Joint Proposed Rule

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A new regulation is slated to be implemented on appraisal management companies (AMCs) would be subject if, in a given year, it oversees an appraiser panel of more than 15 state-certified or state-licensed appraisers in a state, or 25 or more state-certified or state-licensed appraisers in two or more states.Click to continue