The director of the Federal Housing Finance Agency, which regulates mortgage-finance companies Fannie Mae and Freddie Mac, on Friday said that the companies would extend for another year the deadline to participate in a pair of programs...Show More Summary
Freddie Mac CEO Donald Layton and Fannie Mae CEO Tim Mayopoulos each earn a base salary of $600,000, plus money added to their retirement plans, under a 2012 salary cap put in place by the regulatory Federal Housing Finance Agency, Politico reports. But that may not be enough to...
The Federal Housing Finance Agency said on Thursday government sponsored mortgage agencies Fannie Mae and Freddie Mac would collectively have an up to $157.3 billion shortfall in the event of a next financial crisis
Last week was relatively light in terms of economic data. We learned that home prices are still rising at a modest pace of 5.4%, according to the Federal Housing Finance Agency, and we saw a minor tick upward in the pace of...
The MBA reports that mortgage applications rose 2.3% last week, with purchases up 5.0% and refis up 1.0%. The Federal Housing Finance Agency (FHFA) House Price Index rose 0.7% in February, and is up 5.4% on a year-over-year basis. Existing home sales surged 6.1% in March to a 5.190 million annual rate. On a year-over-year […]
After the housing crisis, the Federal Housing Finance Agency took over Fannie Mae and Freddie Mac, making the restrictions tighter for any loans that it backed. This was in an attempt to bring Fannie Mae and Freddie Mac back to where they once were before the housing crisis. Show More Summary
If you lost your home in foreclosure, there is good news for you; you might be eligible to buy it back again! The Federal Housing Finance Agency has changed the policy for those that have lost their homes. Previously, in order to get...Show More Summary
The director of the Federal Housing Finance Agency has addressed the up and coming lower down payment requirements for conventional loans that are backed by Fannie Mae and Freddie Mac. This new program comes on the heels of the housing...Show More Summary
Melvin L. Watt, the Federal Housing Finance Agency director, says that the government can be a responsible steward for most of the housing market, writes Jesse Eisinger in The Trade.
The advocacy and persistence of the National Low Income Housing Coalition (NLIHC) has paid off. Last week, the Federal Housing Finance Agency (FHFA) gave the green light to Fannie Mae & Freddie Mac to set aside money for funding much-needed...Show More Summary
Alamy By Christine DiGangi Saving up to buy a home might not be as much of a challenge as it used to be, now that the Federal Housing Finance Agency will allow some first-time homebuyers to make down payments of as little as 3 percent. The...Show More Summary
The Federal Housing Finance Agency is allowing people who have lost their homes to buy them back at fair market value. But that doesn't help people still in their homes, Jennifer Taub writes in the Another View column.
Earlier this week, the Federal Housing Finance Agency lowered the required down payment for borrowers from Freddie Mac and Fannie Mae to 3% of the price of a house. Dean Baker explains the problem: A study by the Center for Responsible Lending found that the default rate for loans with down payments of between 3 [...]
Kevin Drum warns about new FHFA mortgage policy on Mother Jones. Yesterday the Federal Housing Finance Agency issued new underwriting guidelines that allow some home buyers to take out mortgages with down payments as small as 3 percent…This decision by the FHFA is almost criminally myopic. After all, the go-go years that produced a towering [...]Show More Summary
Yesterday the Federal Housing Finance Agency issued new underwriting guidelines that allow some home buyers to take out mortgages with down payments as small as 3 percent. Dean Baker brings down the hammer: The NYT misled readers about...Show More Summary
In October, the director of the Federal Housing Finance Agency announced that the regulator had reached a deal that would allow bailed-out mortgage-backers Fannie Mae and Freddie Mac to sign off on loans with down payments of less than 5%. Today, Fannie and Freddie revealed more details on what it would take for home buyers to be eligible for … [More]
Originally published on ilsr.org. Earlier this year, the state of California announced a $10 million loan-loss reserve to solve the Federal Housing Finance Agency’s severe restrictions on using property-tax based financing for energy efficiency and renewable energy on residential property. Show More Summary
Last week, Federal Housing Finance Agency (FHFA) director Mel Watt announced two measures designed to spur U.S. mortgage lending, as the U.S. housing market continues to lag.
Since credit remains tight for many borrowers, a federal regulator is trying to ease rules to put the housing market back on track.
HSBC Holdings plc (ADR) (NYSE:HSBC), the global banking and financial services institutions has settled with the Federal Housing Finance Agency for $550 million dollars. Bloomberg‘s Trish Regan reported the news on Street Smart. HSBC Holdings plc (ADR) (NYSE:HSBC), as we all know was not the first and perhaps not the last financial institution either to […]