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Federal Housing Finance Agency (FHFA)

U.S. Home Prices Up 0.4 Percent in May

Home Block Wood/Credit: Phil Ashley

The Federal Housing Finance Agency (FHFA) reported that U.S. house prices rose 0.4 percent in May from the previous month. The April index value has been revised to reflect a 0.1 percent monthly price increase, above the original estimate of no change.Click to continue

FHFA Seeks Input on Potential MI Changes for GSEs

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The Federal Housing Finance Agency (FHFA) is seeking input on draft requirements that would apply to private mortgage insurance (MI) companies that insure mortgage loans owned or guaranteed by Fannie Mae and Freddie Mac. These requirements would apply only to private mortgage insurers that are currently approved to do business with Fannie Mae or Freddie Mac and those seeking approval in the future.  Click to continue

GSEs Complete Nearly 3.2 Million Foreclosure Prevention Actions Through Q1

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Fannie Mae and Freddie Mac have completed nearly 3.2 million foreclosure prevention actions since the start of the conservatorships in 2008, with approximately 88,800 actions occurring in the first quarter. These measures have helped more than 2.6 million borrowers stay in their homes, including 1.6 million who received permanent loan modifications.Click to continue

Interest Rates Decreased on Mortgages From April To May, According to FHFA

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National data show interest rates on mortgages decreased from April to May, according to an index 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 4.18 percent for loans closed in late May. The index is calculated using FHFA's Monthly Interest Rate Survey. The contract rate on the composite of all mortgage loans was 4.13 percent, a decrease from 4.23 percent in April.Click to continue

FHFA to Discuss the Benefits of HARP in Windy City

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The Federal Housing Finance Agency (FHFA) announced it is taking new steps to reach homeowners who could benefit from the Home Affordable Refinance Program (HARP). FHFA Director Mel Watt will join housing experts and community leaders in a town hall-style meeting at the Woodson Regional Library in Chicago on July 8 to discuss the benefits of HARP and encourage the approximately 36,000 Chicago residents still eligible to participate in the program. These borrowers could save $2,000-$3,000 annually by refinancing their mortgage.Click to continue

FHFA: U.S. Home Prices Remain Flat in April

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The Federal Housing Finance Agency (FHFA) has reported that its monthly House Price Index (HPI) showed no change (0.0 percent) in U.S. house prices for April from the prior month.  The monthly change in the FHFA HPI for March remained at 0.7 percent as previously reported.Click to continue

FHFA Reaches $99.5 Million Settlement With RBS Securities Over MBS

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The Federal Housing Finance Agency (FHFA), as conservator of Freddie Mac, announced a settlement for $99.5 million with RBS Securities Inc. (RBS). The settlement resolves claims against RBS in FHFA v. Ally Financial Inc. in the Southern District of New York, alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities purchased by Freddie Mac during 2005-2007.Click to continue