A recent blog by FHFA economists shows a 14 percent ($270) increase in the average required monthly payment between the start of 2022 and the end of 2023 for all U.S. homeowners with a mortgage. This figure translates to about a 2 percent quarterly growth rate in their housing outlay, but the increases were substantially higher for new mortgages than continuing mortgages. https://lnkd.in/ddfqi48P
Federal Housing Finance Agency
Government Administration
Washington, DC 53,477 followers
FHFA is regulator and conservator of Fannie Mae & Freddie Mac and regulator of the Federal Home Loan Bank System
About us
The Federal Housing Finance Agency (FHFA) is an independent government agency responsible for overseeing $6.2 trillion in the housing finance marketplace. FHFA’s mission is to ensure a stable and reliable source of funding for homeownership in the United States by regulating Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. FHFA has acted as conservator of Fannie Mae and Freddie Mac since September 2008. As a member of the Financial Stability Oversight Council, FHFA collaborates with other regulators to create the market rules that protect and balance the interests of all stakeholders in the housing finance system, including banks, investors, and homeowners. FHFA Privacy Policy: go.usa.gov/kQh9
- Website
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http://www.fhfa.gov
External link for Federal Housing Finance Agency
- Industry
- Government Administration
- Company size
- 501-1,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 2008
Locations
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Primary
400 7th Street SW,
Washington, DC 20219, US
Employees at Federal Housing Finance Agency
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Hadi Reza, PMP, AMP
Passionate about Program and Project management; assisting organizations in achieving their Strategic Goals.
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Kulwant Sharma, CFA, PRM
Senior Examiner and Capital Markets Advisor
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Phillip Millman
Structured Fixed Income Professional and Editorial Board member
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Nicholas Satriano
Updates
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It’s almost showtime! Last call to register to livestream Opening Day (Monday, July 22) and Demo Day (Thursday, July 25) of our 2024 TechSprint! We’re bringing the brightest minds in technology, housing, policy, and academia together to address historic challenges in housing and explore the potential and risks of generative ai. #fhfatechsprint #generativeai #innovation #ai #techsprint https://lnkd.in/eTSdNrCG
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A new blog post from FHFA economists using the Uniform Appraisal Dataset Public Use File show that the share of appraisals for Enterprise-backed mortgages with five or more comparable sale properties differed considerably across states, ranging from 34 percent in Mississippi to 90 percent in California. The blog also links to the R code used for the charts and a Tableau dashboard. https://lnkd.in/eqGXs65q
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Join us! FHFA is seeking a Chief Operating Officer to lead and manage the Office of the Chief Operating Officer and subordinate offices with overall responsibility for the administrative functions of the Agency. Apply by Tuesday, July 30! https://lnkd.in/eZ9Pq6TY
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FHFA is one of six federal regulatory agencies who today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing those homes. The final rule is substantially similar to the proposal issued in June 2023. https://lnkd.in/ePBtrmwj
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The Generative AI in Housing Finance TechSprint is next week, July 22 to July 25! Which team’s ideas will be recognized on Demo Day? Our panel of judges will decide— Michael Akinwumi, Chief Responsible AI Officer, National Fair Housing Alliance (NFHA); Jan Davis, Vice President of Operations at MISMO; Melissa Koide, CEO, FinRegLab; Michael Neal, Senior Fellow, Housing Finance Policy Center at the Urban Institute; and Jeffrey Walker, Co-Founder and CEO, CredEvolv. Register now for the livestream. #fhfatechsprint #generativeai #innovation #ai #techsprint https://lnkd.in/eTSdNrCG
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One week from today! Register to livestream opening day of FHFA’s 2024 TechSprint to hear from industry and regulatory experts on how generative AI could impact housing and housing finance. Featuring Laurie Goodman, Institute Fellow and Founder of the Housing Finance Policy Center at the Urban Institute; Anne Marie Pippin, Esq., CGFM, Deputy Director, Division of Conservatorship Oversight and Readiness, FHFA; Lisa Rice, President and CEO of the National Fair Housing Alliance, NFHA; Tracy Stephan, FHFA’s Chief AI Officer; and Sandra Thompson, Director, FHFA. #fhfatechsprint #generativeai #innovation #ai #techsprint https://lnkd.in/eTSdNrCG
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ICYMI: Resulting from extensive engagement with market participants and key stakeholders and additional feedback gathered through FHFA’s Tenant Protection RFI, we are today announcing three new tenant protections for multifamily properties financed by new loans purchased by Fannie Mae and Freddie Mac. These protections codify basic best practices to ensure tenants can make informed decisions regarding their housing. https://lnkd.in/eFfKWfdN
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Resulting from extensive engagement with market participants and key stakeholders and additional feedback gathered through FHFA’s Tenant Protection RFI, we are today announcing three new tenant protections for multifamily properties financed by new loans purchased by Fannie Mae and Freddie Mac. These protections codify basic best practices to ensure tenants can make informed decisions regarding their housing. https://lnkd.in/eFfKWfdN
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As part of FHFA’s ongoing efforts to help first-time homebuyers, borrowers, and streamline the borrowing process while maintaining the safety and soundness of the housing finance system, Fannie Mae and Freddie Mac are making historical VantageScore credit score data available to support the transition to their updated credit score and credit report requirements. These newer models bring improved accuracy, a more inclusive approach to evaluating borrowers, and will ideally boost sustainable access to credit for consumers. https://lnkd.in/edXZyEaR