This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.
Operate the business in a safe and sound manner.
2.
Promote sustainable and equitable access to affordable housing.
2023 Scorecard
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
Source: FHFA
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Glossaries
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Nearly 100,900 foreclosure prevention actions were completed during the quarter, bringing the total to more than 3 million since the start of conservatorship in September 2008. Approximately 2.5 million of these actions have helped troubled homeowners save their homes including nearly 1.5 million permanent loan modifications.
More than half of all permanent loan modifications in the third quarter helped to reduce homeowners’ monthly payments by over 30 percent.
Approximately 31 percent of borrowers who received permanent loan modifications in the third quarter had portions of their mortgage balance forborne.
As of September 30, 2013, about 12 percent of loans modified in the third quarter of 2012 had missed two or more payments, one year after modification.
There were approximately 26,000 completed short sales and deeds-in-lieu during quarter, bringing the total to more than 531,700 since the start of conservatorship.
The number of the Enterprises’ serious delinquent borrowers decreased 8 percent during the third quarter.
The Enterprises’ serious delinquency rate fell to 2.6 percent at the end of the quarter compared with 7.2 percent for Federal Housing Administration (FHA) loans, 3.8 percent for Veterans Affairs (VA) loans and 5.7 percent for all loans (Industry average).
Completed third-party sales and foreclosure sales increased 2 percent while foreclosure starts fell 7 percent in the third quarter.
REO inventory increased 5 percent during the quarter as property acquisitions outpaced dispositions for the first time since fourth quarter of 2010.