Articles Tagged with ''FHFA''

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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Fannie Mae earnings show 4Q net loss of $6.5 billion

Expected to ask Treasury for funds to reduce deficit
Fannie Mae reported a net loss of $6.5 billion and comprehensive loss of $6.7 billion for fourth quarter 2017. The company also added it expects to request an expected billion-dollar provision from the Treasury to eliminate its net worth deficit.
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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 Some of those priorities include updates to the current credit scoring models, and changes to the outdated servicing and appraisal markets.
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FHFA: Home prices continue to soar on West Coast

Rise 0.5% nationally
The FHFA’s latest report showed home price increases picked up the pace once again in October, especially in the Pacific region. The West Coast continues to see the highest home price increases in the country, far outpacing the national average annual increase.
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FHFA takes next step to changing credit scoring models, requests input

Looks to expand homeownership opportunities
The Federal Housing Finance Agency is asking interested parties to weigh in on its request for input on its possible change to its credit scoring models. The credit score models independently analyzed by the Enterprises were – Classic FICO, FICO 9, and VantageScore 3.0, and now, the agency is asking for input from the industry.
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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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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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