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May 21, 2015
FHFA requests input on loan limit index
The Federal Housing Finance Agency is requesting public input on its method for assessing the national average single-family house price index (HPI), and whether it should continue to be the basis for adjusting government-sponsored enterprises' conforming loan limits.
The index assesses the national average single-family house price by using sales price information from GSEs Fannie Mae and Freddie Mac. FHFA is also required under the Housing and Economic Recovery Act of 2008 to "establish and maintain" a house price index for adjusting the conforming loan limits of the GSEs.
The comment period will last for 60 days after the notice's publication in the Federal Register. NAFCU is studying the proposal for its potential impact on the credit union industry.
The index assesses the national average single-family house price by using sales price information from GSEs Fannie Mae and Freddie Mac. FHFA is also required under the Housing and Economic Recovery Act of 2008 to "establish and maintain" a house price index for adjusting the conforming loan limits of the GSEs.
The comment period will last for 60 days after the notice's publication in the Federal Register. NAFCU is studying the proposal for its potential impact on the credit union industry.
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