Items Tagged with 'FHFA'


Fannie Mae, Freddie Mac finalize rep and warrants policies

Finally establish third-party arbitration for repurchases
The Federal Housing Finance Agency announced this morning that Fannie Mae and Freddie Mac are changing their mortgage purchasing rules to establish an independent third-party review process for repurchases. This arbitrator will now review unresolved loan-level disputes.
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From HW Magazine

PACE Loans: Are the improvements worth it?

New data explains the financial benefits of energy efficient upgrades at resale.
If a home moving to foreclosure utilizes the core PACE approach of having the assessment (in this case subordinated) travel with the property (as all tax assessments do), would the GSEs and FHA be worse off than a similarly situated home that had no PACE improvement or assessment, because it would realize a potentially lower sale value?
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FHFA releases final rule for FHLB membership

Effective 30 days from publication in the Federal Register
The Federal Housing Finance Agency has officially released its final rule amending the regulation on Federal Home Loan Bank membership. Most notably, provisions that were of particular concern during the comment period were addressed in the new rule.
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Wall Street Journal op-ed ethers 'toxic twins' Fannie Mae, Freddie Mac

WSJ takes blowtorch to GSE risk-sharing measures
For the second time in the last ten days, the editorial section of a major national newspaper has taken on the future of Fannie Mae and Freddie Mac. The Washington Post recently weighed in on the recapitalization and release of Fannie and Freddie, calling it a “recipe for housing disaster.” But that’s nothing compared to the editorial that showed up in the Wall Street Journal.
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FHFA home price index ticks up slightly

Home price appreciation cooling down, down, down
The FHFA HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. The good news? From October 2014 to October 2015, house prices were up 6.1%.
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