Tag Archives: FHFA

The Home Affordable Refinance Program (HARP) continued to bolster refinance numbers in February, according to a refinance report from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac reported 97,738 HARP refinances throughout the month, bringing the total number of HARP refinances (from the program's inception) to approximately 2.3 million. FHFA also reported HARP refinances accounted for 21 percent of total refinance volume in February.

Both GSEs suggest without a government guarantee, even a mild downturn could impact their ability to operate and support affordable housing programs.

Mortgage rates, loan values, loan terms, and loan-to-price ratios all rose in March, according to a report released by the Federal Housing Finance Agency (FHFA).

Consumer Financial Protection Bureau (CFPB) director Richard Cordray faced a contentious Senate Banking Committee Tuesday for his semi-annual report to Congress. A particular point of debate was the joint effort between CFPB and the Federal Housing Finance Agency (FHFA) to establish a national mortgage database that includes information such as borrower profiles, payment history, and mortgage products and terms on loans--an idea one senator described as "creepy."

The Federal Housing Finance Agency (FHFA) released Tuesday its House Price Index (HPI) for February, revealing home prices rose 0.7 percent month-over-month on a seasonally adjusted basis. Year-over-year, U.S. house prices were up 7.1 percent. As of February, the U.S. index rested at 196.3, 13.6 percent below its peak in April 2007 and was roughly the same as its October 2004 reading. FHFA's index has not declined on a monthly basis since January 2012.

Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA), announced the promotion of Fred C. Graham to deputy director of the Division of Federal Home Loan Bank Regulation. Graham has been with FHFA since its establishment in 2008 and has held several senior positions within the agency.

January saw nearly half a million new refinances, according to data released by the Federal Housing Finance Agency (FHFA).

The Federal Housing Finance Agency (FHFA) announced Thursday it is extending the life of the Home Affordable Refinance Program (HARP). Originally slated to expire at the end of this year, HARP will now expire December 31, 2015. The agency also announced it plans to launch a campaign in an attempt to reach more eligible borrowers for the program. While FHFA stated it can't provide "hard estimates" on the number of additional homeowners who are eligible, the hope is for a substantial number to be reached.

The Federal Housing Finance Agency (FHFA) reported an increase in its measure of average mortgage interest rates for February.

FHFA-OIG released an audit report examining oversight of Fannie Mae and Freddie Mac's monitoring of businesses that sell and service loans.