Tag Archives: FHFA

For a program that was only supposed to be temporary, The Home Affordable Refinance Program (HARP) is still going rather strong.

Although home prices continued their upward trek all over the country, they are doing so at a much slower pace, according to data on the recent U.S. House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA).

Elyse Cherry, CEO of Boston Community Capital, a nonprofit community development financial institution, sat down with MReport to voice concerns and pitfalls within the FHFA's Principal Reduction Modification program and how the Agency should address them.

Why is Sen. Richard Shelby (R-Alabama), Chairman of the Senate Banking Committee, asking the Government Accountability Office to conduct further study on the activities of the Federal Housing Finance Agency?

Fannie Mae and Freddie Mac will soon be required to offer principal reduction to certain seriously delinquent, underwater borrowers that are grappling with the after effects of the crisis. How will this affect the GSE bottom lines?

Low mortgage rates do not appear to be enough of an incentive to attract homeowners to refinance their homes.

The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.

The report from the FHFA Office of the Inspector General covered an 18-month period from early 2013 to mid-2014.

Hensarling and Shelby said campaigns that criticize the open and competitive NPL sales process are “based on a false notion that doing so is somehow contrary to the goal of ‘neighborhood stabilization.’”

Home prices are continuing to rise all over the country, according to FHFA. What area have seen the largest increases?