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Tag Archives: FHFA

Government ‘Price War’ Pushes Mortgage Risk Up

In its latest National Mortgage Risk Index (NMRI), the American Enterprise Institute's (AEI) International Center on Housing Risk estimated that 11.84 percent of agency purchase loans would be at risk of default should the economy see another crisis in the near future.

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FHFA House Price Index Up 0.8% in November

Based on home sales price information from mortgages sold to and guaranteed by the GSEs, the Federal Housing Finance Agency (FHFA) reported that its House Price Index rose a seasonally adjusted 0.8 percent month-over-month in November.

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HARP Activity Drops Further as Refinances Sink

Monthly data released by the Federal Housing Finance Agency (FHFA) shows Fannie Mae and Freddie Mac together reported 134,582 refinances in November 2014, down from nearly 139,000 in October. As overall refinancing fell, so too did the number of mortgages refinanced under the Obama administration's Home Affordable Refinance Program.

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FHFA Details GSE Goals in 2015 Scorecard

As FHFA Director Mel Watt revealed in his first public speech as the agency's chief, the companies' new direction revolves around three main objectives: maintain, reduce, and build. "Fannie Mae and Freddie Mac made significant progress toward achieving the goals in FHFA's Strategic Plan for the Conservatorships last year and we look forward to building on that progress in 2015," Watt said Wednesday.

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CU Trade Group Voices Opposition to Proposed FHLB Requirements

In a comment letter addressed to the Federal Housing Finance Agency's (FHFA) general counsel, Alicia Nealon, director of regulatory affairs for the National Association of Federal Credit Unions (NAFCU), voiced the association's opposition to the proposal, which she says would "disenfranchise over 1 million credit union member-owners."

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Report: Five Major Developments to Bolster Housing in 2015

With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it's a combination of recent government actions that reinforces its view.

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Fannie Mae CEO Warns of Reform Risks

Speaking as a guest presenter at the Rotary Club of Atlanta on Monday, Fannie Mae President and CEO Timothy Mayopoulos warned against any type of reform where housing finance is concerned, telling the audience that "the (current) system works," according to a report.

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Report: RBS May Pay More in FHFA Settlement

Royal Bank of Scotland (RBS) may have to pay additional penalties to settle claims that it sold faulty U.S. mortgage-backed securities in the years leading up to the housing market crash, according to a report from Reuters.

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FHFA Reports Declines in Mortgage Interest Rates for November

Mortgage interest rates nationwide experienced declines from October to November, according to an index released by the Federal Housing Finance Agency (FHFA). The average interest rate for all mortgage loans in the U.S. was 4.01 percent in November, a decline of 10 basis points from 4.11 percent in October; for conventional, 30-year fixed-rate mortgages of $417,000 or less, the average interest rate of 4.24 percent for November represented a decline of eight basis points from 4.32 in October.

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