Items Tagged with 'FHFA'


FHFA: Home prices continue climbing in first quarter

New report shows home prices rose in 48 states and District of Columbia
Home prices rose during each month of the first quarter, continuing a climb that began in the early part of this decade, a new report from the Federal Housing Finance Agency showed. “The steep, multi-year rise in U.S. home prices continued in the first quarter,” FHFA Deputy Chief Economist Andrew Leventis said.
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FHFA's Watt reiterates that housing finance reform must come from Congress

Tells bankers' conference that reform effort goes beyond GSEs
On Thursday, while Department of the Treasury Secretary Steven Mnuchin told members of the Senate about the Trump administration’s plans for housing finance reform, Federal Housing Finance Agency Director Mel Watt said that the heavy lifting on housing finance reform needs to come from Congress.
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Fannie, Freddie release official strategy to serve underserved markets

FHFA requests public input on proposed 3-year plans
Fannie Mae and Freddie Mac released their three-year plans for Duty to Serve Underserved Markets. Now, the FHFA is asking for feedback from the industry. The Duty to Serve program, mandated by the Housing and Economic Recovery Act of 2008, requires the GSEs to lay out their plans to serve three specified, underserved markets to deliver more affordable housing.
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Freddie Mac CEO: 0% capital buffer does not factor into daily operations

Capital is a measure of risk, so Freddie Mac is going to be just fine
Freddie Mac CEO Donald Layton told HousingWire on Tuesday that he is perfectly comfortable with allowing some Federal Housing Finance Agency executives to express concerns with the government-sponsored enterprise's 0% capital buffer requirements; but it is an emotional response he does not share. And this is the reason why.
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Is the current political environment too risky to open affordable housing discussion?

MBA Secondary panelists explain risks
During a panel at MBA secondary in New York City, panelists explained the risks of putting topics such as affordable housing reform through the legislative process during the current political environment. One panelist explained affordable housing reform stands to lose more than it would gain, and that new legislation may not be the best path forward.
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Consensus from MBA Secondary: The time for GSE reform is now

FHFA acting deputy director gives an update on the secondary market
At the Mortgage Bankers Association’s Secondary conference in New York City, the FHFA gave an update on the secondary market in one of the first sessions of the day. FHFA’s acting deputy director gave the latest info on the credit box and touched on one of this year’s hottest topics – GSE reform.
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FHFA: Home prices jump 6.4% annually in February

One region sees home prices decrease
Home prices increased in February, as several reports already showed. The latest report, put out by the Federal Housing Finance Agency, uses home sales price information from mortgages sold to, or guaranteed by the GSEs, and therefore excludes cash sales and jumbo loans.
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Financial Services Roundtable selects Ed DeMarco to serve as Housing Policy Council president

Former Federal Housing Finance Agency acting director
Former Federal Housing Finance Agency Acting Director Ed DeMarco joins the Financial Services Roundtable leadership team as FSR’s Housing Policy Council president. DeMarco has a long and extensive history in the housing market, which even landed him as HousingWire Magazine’s Person of the Year in 2012.
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Here's the final tally on Fannie, Freddie credit risk-sharing in 2016

FHFA report details GSEs' efforts to offload risk
In 2013, Fannie Mae and Freddie Mac began shifting credit risk to investors as part of a plan to reduce the overall risk of the government-sponsored enterprises, and therefore, the risk to the American taxpayers. And a new report published Monday by the Federal Housing Finance Agency shows how much progress the GSEs are making in their collective effort to protect the taxpayers from risk.
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