Articles Tagged with ''Federal Housing Finance Agency''

Hensarling blames Watt for GSEs needing Treasury money, demands answers

Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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FHFA report shows mortgage rates increasing as year ends

Trailing index matches more recent data
The most recent data from Freddie Mac showed that mortgage rates have been trending up over the last few weeks, nearly surpassing 4% in the last week of the year. A new trailing index report from the Federal Housing Finance Agency backs up the Freddie Mac data and shows that interest rates are indeed on the rise as 2017 ends.
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Fannie, Freddie plan to modify credit scoring, servicing, appraisals

FHFA releases outlines of GSE conservatorship priorities
The Federal Housing Finance Agency announced Thursday the release of its 2018 Scorecard, which outlines the conservatorship priorities for the GSEs. Some of those priorities include updates to the current credit scoring models, and changes to the outdated servicing and appraisal markets.
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Fannie, Freddie expand neighborhood stabilization efforts to 10 new markets

Partnership with National Community Stabilization Trust grows to new cities
Three years ago, Federal Housing Finance Agency Director Mel Watt announced the “Neighborhood Stabilization Initiative,” an effort to assist homeowners in communities that were disproportionally affected by foreclosures. Now, the Neighborhood Stabilization Initiative is being expanded to 10 new markets.
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FHFA increases conforming loan limits for 2nd straight year

Hikes Fannie Mae, Freddie Mac 2018 loan limits to match rising home prices
Last year, the Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac for the first time since the housing crisis. And now, the FHFA is doing it again.
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FHFA reports home price increase of 1.4% for Q3

Increase slows from August
Home prices increased in the third quarter of this year, but FHFA’s report showed home prices slowed slightly from August to September. Ranging from just 0.5% annually to a full 14.6% increase, all 100 of the top U.S. cities saw an annual increase in the third quarter.
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GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

The changing of the guard
[Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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