Federal regulators announced on Tuesday they have finalized a rule establishing a risk retention framework for mortgage lenders securitizing and selling loans.
Read More »FHFA Director Watt Wants to Expand Credit Availability, Manage Risk to GSEs
The Federal Housing Finance Administration (FHFA) is working to expand availability for mortgage credit in an attempt to give the housing market a lift, and is also working on ways to mitigate risk to GSEs Fannie Mae and Freddie Mac, FHFA director Mel Watt said in a speech delivered on Monday.
Read More »FHFA Appoints New Chief of Staff
The Federal Housing Finance Agency (FHFA) has announced the appointment of Janell Byrd-Chichester as the organization's new chief of staff.
Read More »FHFA Extends Comment Period for Proposed FHLB Rule Until January 12
The Federal Housing Finance Agency (FHFA) announced on Monday a 60-day extension for the commenting period for proposed rule to revise membership requirements for Federal Home Loan Banks back in September.
Read More »Former FHFA Official Burns Joins Collingwood Group
Meg Burns, former senior associate director for the Federal Housing Finance Agency (FHFA), has signed on to the Washington, D.C.-based Collingwood Group as managing director, the company announced.
Read More »HARP Refinancing Activity Continues Decline
In a recent release, the agency reported a combined total of 119,699 refinances were completed at Fannie Mae and Freddie Mac in July, slightly down from the figure reported for June. While low compared to the boom in recent years, refinance volumes over the last few months have shown more life than earlier this year as mortgage interest rates have hovered in the low 4.0 percent range.
Read More »Report: GSEs Prevented 80,000 Foreclosures in Q2
Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.
Read More »Home Prices Continue to Gain, But at Miniscule Rate
For the 12 months ending in July, FHFA reported house prices were up 4.4 percent. As of the latest index, the national HPI is now 6.4 percent below its peak in April 2007 and is roughly in line with its July 2005 level.
Read More »FHFA to Stage HARP Outreach Meeting in Detroit
In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) is holding its third HARP outreach event on October 2 in Detroit.
Read More »HSBC Agrees to Pay $550M in RMBS Settlement
In a settlement announced Friday, HSBC agreed to pay $550 million to FHFA to resolve allegations it violated state and federal securities laws in its selling of private-label securities to the GSEs between 2005 and 2007. HSBC stopped issuing and distributing MBS in 2007.
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