Federal Housing Finance Agency (FHFA)

Both the FHFA House Price Index and the S&P CoreLogic Case-Shiller Index reported declining housing prices nationwide.

The housing market is coming down off its high, transitioning from a seller's market into a buyers' market.

The review will include a series of listening sessions and regional roundtable discussions.

Agency said that, compared to the first quarter of 2022, house prices were up just 4%.

The committee will focus on FHFA’s regulated entities like Fannie Mae, Freddie Mac & Federal Home Loan Banks.

So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.