The rate for a 30-year fixed-rate mortgage held steady at 3.65 percent this week, unchanged from the week prior, Freddie Mac said today.
More than 428,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the fourth quarter, with 21,079 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.
ABA in a letter last week urged the Financial Accounting Standards Board to drop its proposal to expand the disclosures of government assistance a company receives.
Fannie Mae and Freddie Mac today announced a new independent dispute resolution process for conflicts over mortgages that the housing GSEs require lenders to repurchase.
The Federal Housing Finance Agency today issued the metrics on which it will assess the 2016 performance of Fannie Mae, Freddie Mac and their jointly owned securitization platform, which is expected to be implemented for Freddie Mac’s securities in 2016 and for the “Single Security” issued by both GSEs in 2018.
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due or are in the foreclosure process fell 3 percent in the third quarter of 2015, as the economy improved and home prices continued to rise, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
The Federal Housing Finance Agency today proposed a rule that would require Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will unveil major financial reform legislation in early 2016, according to news reports today.
The House today voted 371-54 to approve a long-term highway funding bill. Just prior to passage, the House overwhelmingly approved measures that would remove controversial funding methods from the bill.
The Federal Housing Finance Agency in its Annual Housing Report today said that Freddie Mac failed to meet its affordable housing goals for low and very-low income buyers purchasing single-family homes in 2014.