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Posts Tagged ‘ FHFA ’

Wednesday: FHFA House Prices, Architecture Billings Index

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Wednesday: FHFA House Prices, Architecture Billings Index

Wednesday:• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 9:00 AM: FHFA House Price Index for August 2018. This was originally a GSE only repeat sales, however there is also an expanded index. • At During the day: The AIA’s Architecture...
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FHFA Paper: “The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment”

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FHFA Paper: “The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment”

Here is a new paper from FHFA Senior Economist Saty Patrabansh: The Marginal Effect of First-Time Homebuyer Status on Mortgage Default and Prepayment During the housing bubble, there an increase in first time buyers as shown in the first graph below (from paper). Also first time homebuyers defaulted at a higher rate than repeat...
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FHFA Analysis on Principal Forgiveness

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FHFA Analysis on Principal Forgiveness

The FHFA released their analysis on the effectiveness of principal reductions for Fannie and Freddie loans. The FHFA analysis showed that principal reductions would be more costly for taxpayers than other alternatives. Here is the letter: FHFA Releases Analysis on Principal Forgiveness As Loss Mitigation Tool Here is the analysis: FHFA Analyses of Principal...
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Report: Analysts not optimistic about new FHFA Refinance Plan

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Report: Analysts not optimistic about new FHFA Refinance Plan

From Bloomberg: U.S. Mortgage Fixes Won’t ‘Shock and Awe’ Economy, Analysts Say A federal plan to help homeowners refinance their mortgages is expected to reach fewer than 1 million borrowers, too few to give a jolt to the struggling U.S. economy, lawmakers and analysts say. … While details of the program’s improvements remain under...
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FHFA monthly mortgage rates continue to slip

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FHFA monthly mortgage rates continue to slip

The Federal Housing Finance Agency said average mortgage rates for home sales averaged 4.57% in July. According to the FHFA, July marks the fourth straight month of slow and steady mortgage rate declines. The rate for fixed- and adjustable-rate mortgages averaged 4.55% in July, down 6 basis points from 4.61% in June. The effective...
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FHFA releases outlook for Obama’s refinancing program

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FHFA releases outlook for Obama’s refinancing program

The Federal Housing Finance Agency is considering the fate of the government's refinancing program, and Bank of America-Merrill Lynch analysts said in a report Friday that an extension is likely. The Obama administration launched the Home Affordable Refinancing Program in March 2009 to allow borrowers the chance to refinance out of negative equity and...
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FHFA 3Q home-price index back down after increase in 2Q

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FHFA 3Q home-price index back down after increase in 2Q

Home prices declined during the third quarter after rising slightly the previous quarter, which was the first quarterly increase in three years. The Federal Housing Finance Agency said its third quarter, purchase-only home price index — calculated using information from mortgages acquired by Fannie Mae and Freddie Mac — is 1.6% lower than the...
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FHFA finalizes housing goals for Fannie, Freddie

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FHFA finalizes housing goals for Fannie, Freddie

The mortgage finance space may remain divided on the future of government sponsored enterprises, Fannie Mae and Freddie Mac, but that isn't stopping the Federal Housing Finance Agency from regularly updating housing goals for the securitizers. In May, the FHFA set new housing purchase goals for Federal Home Loan Banks. The FHFA proposed the...
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