Archive for the ‘Office Of Federal Housing Enterprise Oversight’ tag
House Prices Falls Less Than Expected in May, According to OFHEO
U.S. house prices fell 0.3% month-over-month in May
following April’s 0.8% pullback, the Office of Federal Housing Enterprise
Oversight (OFHEO) reported Tuesday.
The consensus had been looking for a 0.8% month-over-month pullback in
May.
“It is very hard to draw conclusions from a one-month number,
especially in these uncertain times; but the numbers in the Pacific, East
and West North Central Divisions may be good signs…”
Paulson Says GSEs Need a Strong Regulator
Speaking to the Senate Banking Committee as part of the Humphrey-
Hawkins testimony, Treasury Secretary Henry Paulson said
government-sponsored enterprises (GSEs) need a strong regulator.
“Market stability and support for housing finance are among my highest
priorities during this time of stress in our markets. Therefore, after
consultations with the Federal Reserve, the Office of Federal Housing
Enterprise Oversight (OFHEO), the Securities and Exchange Commission
(SEC) and Congressional leaders, we are asking Congress, as it completes
its work on a stronger GSE regulatory structure, to also enact a three-
part plan to address the current situation,” Paulson said.
U.S. House Prices Fall 0.8% Month-Over-Month in April, Says OFHEO
U.S. house prices fell 0.8% month-over-month in April
following March’s revised 0.6% decline, the Office of Federal Housing
Enterprise Oversight (OFHEO) reported Tuesday.
The consensus had been looking for a 0.4% month-over-month pullback in
April.
Leading the decline was a 2.0% month-over-month fall in the Pacific
region, followed by a…