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U.S. Department of the Treasury

GSEs Rake in Billions in Q3 Profits

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If the financial health of the government-sponsored enterprises (GSEs) could be summarized in a single word, it could easily be “Ka-Ching!” According to new data issued today, both Fannie Mae and Freddie Mac generated billions of dollars during the third quarter of 2014.Click to continue

The Viability of GSE Recapitalization

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During a recent National Housing Conference Annual Policy Symposium in Washington, D.C., Treasury Undersecretary Mary Miller discussed the uncertain future of the government-sponsored entities (GSEs). She also covered the basics of the post-economic disaster and its meager, slow-moving recovery.Click to continue

Obama Scorecard Highlights Rebound in the Sale of New and Existing Homes

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The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the May edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators, including growing equity and a rebound in the sale of new and existing homes. While this scorecard notes positive overall trends in the housing market, officials caution that the harsh winter slowed growth as the economy recovers from the Great Recession.Click to continue

Obama's April Housing Scorecard Finds Stability Returning to Marketplace

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The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the April edition of the Obama Administration's Housing Scorecard. While house prices remain stable and equity continues to grow, new and existing home sales have slowed. While this scorecard notes positive overall trends in the housing market, officials caution that the harsh winter slowed growth as the economy recovers from the Great Recession.Click to continue

Obama Administration's Housing Scorecard Shows Bright Spots in February

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The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury released the February edition of the Obama Administration's Housing Scorecard. The latest data show progress among key indicators. This Scorecard notes that purchases of new homes rose, foreclosure completions continued their downward trend, and house prices were stable. While there are positive trends in the housing market, officials caution that the economy is still healing from the Great Recession.Click to continue

U.S. Homeowner Equity Up $3.4 Trillion Since the Beginning of 2012

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The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury released the January edition of the Obama Administration's Housing Scorecard—a comprehensive report on the nation’s housing market. The latest data show progress among key indicators. In 2013, home sales had their strongest performance in several years, foreclosure starts were at their lowest annual level since 2005 and homeowners’ equity is up $3.4 trillion since the beginning of 2012.Click to continue

HARP Refis Surpass the Three Million Mark

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The Federal Housing Finance Agency (FHFA) has announced that the Home Affordable Refinance Program (HARP) has reached a significant milestone as more than three million homeowners have now refinanced their mortgages through the program. This noteworthy achievement is detailed in FHFA’s November Refinance Report.Click to continue