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Federal Housing Finance Agency (FHFA)

FHFA Single Security Proposal Could Save Taxpayers Hundreds of Millions Annually

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In a letter sent to the Federal Housing Finance Agency (FHFA), the Financial Services Roundtable’s (FSR) Housing Policy Council (HPC) voiced its support for the agency’s proposal to create a single security to be issued and guaranteed by Fannie Mae and Freddie Mac.Click to continue

Janell Byrd-Chichester Named Chief of Staff for the FHFA

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Federal Housing Finance Agency (FHFA) Director Mel Watt has announced the appointment of Janell Byrd-Chichester as Chief of Staff for the FHFA. Byrd-Chichester most recently served as partner in the law firm Click to continue

FHFA: Rates Plateau in August

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Nationally, interest rates on conventional purchase-money mortgages decreased slightly from July to August, according to several indices of new mortgage contracts, according to the Federal Housing Finance Agency (FHFA). 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 August, down one basis point from 4.09 percent in July. Click to continue

FHFA: Delinquencies Drop in Q2

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The Federal Housing Finance Agency (FHFA) has released a report showing that Fannie Mae and Freddie Mac completed approximately 80,000 foreclosure prevention actions in the second quarter of 2014, bringing the total to nearly 3Click to continue

FHFA Announces $550 Million Settlement With HSBC

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The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, announced a settlement of $550 million with HSBC North America Holdings Inc., related companies and specifically named individuals (HSBC). The settlement resolves claims in the lawsuit FHFA v. HSBC North America Holdings Inc., et al. (S.D.N.Y.), alleging violations of federal, Virginia and District of Columbia securities laws in connection with private-label mortgage-backed securities purchased by Fannie Mae and Freddie Mac during 2005-2007.Click to continue

United Guaranty Introduces New Rescission Relief Option

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United Guaranty has introduced SecureCert, a suite of five options that allow lenders to choose the maximum rescission relief available in the mortgage insurance (MI) industry—at no added cost. The Federal Housing Finance Agency (FHFA) is requiring all mortgage insurers to adopt new master policies, effective Oct.Click to continue