House prices rose nationwide in November, up 1.1% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 17.5% from November 2020 to November 2021. The previously reported 1.1% price change for October 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes…
The Federal Housing Finance Agency (FHFA) recently announced targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain designated areas above the baseline conforming loan limit. The new fees will go into effect for deliveries and acquisitions beginning…
Federal Housing Finance Agency (FHFA) Acting Director Sandra L. Thompson recently released the following statement on climate change: ”The FHFA recognizes that climate change poses a serious threat to the U.S. housing finance system. As a member of the Financial Stability Oversight Council (FSOC), FHFA is committed to working collaboratively with other federal agencies to…
The Federal Housing Finance Agency (FHFA) recently released its third quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485 since the start of conservatorships in September 2008. The report…
The Federal Housing Finance Agency (FHFA) announced the final determinations for enterprise performance on the 2020 housing goals. During 2020, Fannie Mae met all of the single-family and multifamily housing goals. Freddie Mac met the single-family purchase goals for low-income families, very low-income families and low-income areas, and all of the multifamily goals, but failed…
The Federal Housing Finance Agency (FHFA) recently issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain and submit annual capital plans to FHFA. This requirement helps protect taxpayers by ensuring that the Enterprises properly assess their risks and maintain the appropriate level of capital. “Today’s action is part of…
The Federal Housing Administration (FHA) recently announced new loan limits for calendar year 2022 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation, which is factored into the statutorily…
The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating in a safe…
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