Articles Tagged with ''Federal Housing Finance Agency''

Fannie Mae reports income of $4B in third quarter

Will pay Treasury $4 billion in third quarter of 2018
Fannie Mae reported Friday it posted a comprehensive income of $4 billion in the third quarter of 2018, rising from $3 billion in the third quarter of last year. Notably, Fannie Mae provided $140 billion in liquidity to the mortgage market through financing and refinancing 726,000 homes and rental units.
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Freddie Mac misses low-income housing goals in 2017

Fannie Mae passes all goals
The Federal Housing Finance Agency released a new report showing Freddie Mac did not meet all of its low-income housing goals for 2017. Fannie Mae, on the other hand, met all of its low-income housing goals. The FHFA explained this decision is preliminary and could change based on the GSEs’ response.
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FHFA: Home prices increase 0.3% in August

But the Middle Atlantic division declined 0.7%
Home prices rose in August, inching forward 0.3% from July according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division continues to see the strongest appreciation growth.
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Fannie Mae CEO Tim Mayopoulos stepping down within days

Fannie Mae names Hugh Frater interim CEO
For the first time in more than six years, Fannie Mae will soon be run by someone other than Tim Mayopoulos. Back in July, Fannie Mae announced that Mayopoulos planned to step down “by the end of the year,” but did not specify a date for his departure. Now, Mayopoulos’ days as Fannie Mae’s CEO are numbered – literally.
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Politico: Watt accuser invited to speak at FHFA hearing

Simone Grimes accused FHFA Director Mel Watt of sexual misconduct
Simone Grimes, the Federal Housing Finance Agency employee who accused Director Mel Watt of sexual harassment, has been invited to testify at the House Financial Services Committee’s upcoming congressional hearing on oversight of the agency, according to a report by Politico. 
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FHFA: Home prices increase 0.2% in July

East South Central division sees weakest annual house appreciation of all divisions
Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
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Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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Top housing groups push Trump administration, Congress to enact permanent GSE reform

Housing industry’s biggest acronyms want formalized, stable changes
With the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship nigh upon us, a coalition of the housing industry’s largest trade groups, affordable housing advocates, and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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