Hot Property

Adjustment to Loan Modification Goals.

FHFA Sends GSE Housing Goals to Federal Register Proposed Rule Adjusts Certain Goals for Market Conditions; Provides Credit for Loan Modifications     WASHINGTON-The Federal Housing Finance Agency (FHFA) yesterday sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the [...]

Do you need money to be a bank?

  WASHINGTON, DC – The Federal Housing Finance Agency has sent to the Federal Register this interim final rule. The rule implements sections of the Housing and Economic Recovery Act of 2008 (PL 110-289) HERA, which required their submission within 180 days of its enactment on July 30, 2008.   Federal Home Loan Banks Capital Classifications [...]

Big Brother is going to keep an eye on Fanny and Freddie going forward.

      WASHINGTON, DC   – The Federal Housing Finance Agency has sent to the Federal Register this interim final rule. The rule implements sections of the Housing and Economic Recovery Act of 2008 (PL 110-289) HERA, which required their submission within 180 days of its enactment on July 30, 2008. Enterprise Portfolio Holdings For [...]

Federal Government revising Home Appraisal Code of Conduct

    FHFA ANNOUNCES HOME VALUATION CODE OF CONDUCT Washington, DC   – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New [...]

Streamlined Loan Modification Program Launched as scheduled.

FHFA ANNOUNCES IMPLEMENTATION PLANS FOR STREAMLINED LOAN MODIFICATION PROGRAM   Washington, DC – Representatives of the Federal Housing Finance Agency, Fannie Mae, Freddie Mac and Hope Now announced today  that the Streamlined Modification Program (SMP) was launched December 15th as planned.  The SMP, which was developed by FHFA in conjunction with Fannie Mae, Freddie Mac, [...]

Foreclosure Prevention Report released for September from the Federal Housing Finance Agency.

FHFA September Foreclosure Prevention Report Released   Washington, DC – James B. Lockhart, Director of the Federal Housing Finance Agency today released the September monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loss mitigation efforts of Fannie Mae and Freddie Mac as well as information on delinquencies, foreclosures initiated and foreclosures completed. [...]

First Monthly Foreclosure Prevention Report released by FHFA

FHFA Monthly Foreclosure Prevention Report Released   Washington, DC – James B. Lockhart, Director of the Federal Housing Finance Agency today released the first monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loan modification efforts of Fannie Mae and Freddie Mac.  Details on Fannie Mae’s HomeSaver Advance (HSA) program are also included. [...]