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Tag Archives: Federal Housing Finance Agency

Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk

In a separate agreement the GSEs and FHFA are also reportedly considering programs that could reopen the door to guarantee some mortgages with down payments as low as 3 percent, including loans to first-time homebuyers, according to the Wall Street Journal. Fannie Mae stopped taking such loans last year, while Freddie Mac stopped guaranteeing them years ago.

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Total Refi Volume Inches Upward While HARP Numbers Decline

The total number of mortgage refinances in the U.S. experienced a slight increase in June as mortgage rates dropped from May, according to the Federal Housing Finance Agency's (FHFA) Second Quarter 2014 Refinance Report. HARP-refinanced homes made up only about 15.7 percent of total refinances in Q2.

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