Tag Archives: Federal Housing Finance Agency

Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, ...

December saw a bump in interest rates. A national survey found that mortgage interest rates and loan amounts both went up at the end of 2017. Could January continue this trend?

The latest installment of the Federal Housing Finance Agency’s House Price Index (HPI) reveals that rose 1.4 percent in Q3 2017, and were up 6.5 percent between Q3 ...

Several U.S. metropolitan cities experienced dramatic changes over the past 10 years. Three of the most changed metros were in Texas, according to a recent report.

As the newest housing stats are set to release this week, catch up with the previous month’s data and more in The Week Ahead…

The Federal Housing Finance Agency has released its monthly index on mortgage interest rates, surveying 17 lenders and a total of 4,437 loans closed during the last 5 business days of April. Lenders report a decline of 14 to 15 basis points on all loan interest rates as well as a slight decline in the average loan amount. April marks the second straight month the FHFA’s survey has reported a drop in interest rates.

The Federal Housing Finance Agency (FHFA) is looking to the public for input regarding Limited English Proficiency (LEP) in the mortgage lifecycle. LEF borrowers currently face challenges applying for mortgages because they risk not understanding or relying too much on a source that could mislead them. FHFA looks to better understand the experience LEP borrowers have in order to improve support from the mortgage industry.

On Thursday, both FHFA Director Melvin L. Watt and Treasury Secretary Steven T. Mnuchin separately addressed the current state of the GSEs. Though Mnuchin discussed the priority of housing finance and regulatory reform in front of the Senate, at an industry conference Watt described the many successes of the FHFA in the last nine years. Watt warned that reforms made during conservatorship should not be ignored by congress during the reworking of housing finance reform.

According to FHFA, however, price growth may decelerate to more normal rates of appreciation barring dramatic increases in wage growth and vast improvements in other areas of the market.

For Melvin L. Watt, Director of the Federal Housing Finance Agency, diversity and inclusion in the mortgage and lending arena is “a business imperative” that goes far beyond political correctness and statutory obligations outlined in the Housing and Economic Recovery Act of 2008.