The Home Price Index Shows Some Regions Up, Some Regions Down

Publishing on a 2-month lag, the Federal Home Finance Agency said home prices fell by 1.6 percent nationally in December. And that’s an average, of course. Some regions performed well in December as compared to November, others didn’t.

James Lockhart: Plans for Fannie Mae and Freddie Mac

                                              Statement by James Lockhart, director of the Office Of Federal Housing Oversight(OFHEO, who will head the Federal Housing Finance Agency (FHFA) being created to oversee mortgage bankers Fannie Mae and Freddie Mac.
Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) share the critical mission of providing stability and liquidity to the housing market. [...]