... . house prices rose modestly in the third quarter of 2009 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales ... times of the year. Here is a chart showing adjusted vs unadjusted data. Related posts:FHFA: Home Prices Back to February 2005 Levels Which begs the question: If the conclusions are ...

[Update 1: Adds information provided by FHFA] Ed Kelley still comes to work in the same Washington DC building in the same office as he did when he was the independent inspector general (IG) of the Federal Housing Finance Board (FHFB). But with the dissolution of the FHFB and the creation of the Federal Housing Finance Agency

... agency desperately needed one. "As the acting director of FHFA, I'd like to be very clear I want an inspector general. I would like it, and I would like it now, because I, in fact, believe, ... Fannie and Freddie without any oversight. There is no way that Congress intended for there to be no IG for the FHFA and the Administration should nominate a permanent Inspector General immediately." ...

... investments to unrelated third-party investors is consistent with FHFA’s ongoing efforts to conserve Enterprise ... dependable sugar daddy. So the GSEs and their regulator, the FHFA, are going to use every trick they can think of to keep up the pretense that the Enterprises are going concerns. Now LIHTC ... Tax Credits to Investors" (PDF), FHFA, November 5, 2009. “The conservatorship ...

... own inspector general… In September, the Department of Justice ruled that FHFA Inspector General Ed Kelley did not have authority to investigate ... the agency head challenged his authority to operate and asked the FHFA General Counsel’s office to look into it. “I hate ... between the TARP office and the IG’s office here at FHFA.” Kelley’s office was starting to do ...

... essentially succeeded in getting rid of its own inspector general. The FHFA is home to Fannie Mae, Freddie Mac, and ... nomination and Senate confirmation to be auditor of the new, and basically the same, FHFA. The irony, of course, is that the same legislation meant to more effectively run ... takes away Fannie and Freddie’s new auditor. Between FHFA and the continued struggles of TARP IG Neil ...

... boss would let you do that? Tom Vanderwell GSEs Miss FHFA’s Goals for Low-Income Originations : HousingWire ... market The Federal Housing Finance Agency (FHFA) will adjust its target goals for facilitating mortgage ... originations to low- and moderate-income borrowers. FHFA said it plans to lower recommended loan purchase ... FRE: 1.24 +7.83%), according to FHFA’s annual housing report. Fannie Mae ...

... we could have the obligation to reacquire all or a portion of the transferred interests. We have requested the approval of FHFA, as our conservator, to complete this transaction. FHFA has ... no objection to this transaction as it is consistent with the conservation of the assets of the corporation and that FHFA has requested Treasury’s approval under the senior preferred stock purchase agreement. ...

... related to home financing, this agency came under the purview of the FHFA along with Fannie and Freddie. My objective is not to go into any exhaustive analysis ... housing-related GSEs is imperative. The establishment of FHFA will promote a stronger, safer U.S. housing ... point is FHLB-Seattle which was recently cited by the FHFA as being under capitalized. The last column is the system wide coverage ...

... federal agency essentially succeeded in getting rid of its own inspector general. The FHFA is home to Fannie Mae, Freddie Mac, and ... 80 percent of new mortgages issued since the middle of 2008, according to FHFA numbers. Kelley now heads the Office of Internal Audit and ... agency head challenged his authority to operate and asked the FHFA General Counsel's office to look into it. "Fannie ...