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Welcome to the Government page of FHFA’s website.  This page provides consolidated resources for federal, state and local government personnel who are interested in the nation’s housing finance system.


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  1. Read FHFA's  Annual Report to Congress.

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Key Legislation


​Short Title (Citation)



Federal Home Loan Bank Act

12 U.S.C. 1421 et seq.
(Public Law 72-304 (1932))

Established the Federal Home Loan Bank System.

​​GPO Text / PD​F


Federal Housing Enterprises Financial Safety and Soundness Act of 1992

12 U.S.C. 4501 et seq.
(Public Law 102-550 (1992))

Primary statutory authorization for FHFA’s regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Bank System, including supervision of housing mission and goals and actions as conservator or receiver for Fannie Mae, Freddie Mac or any Federal Home Loan Bank.

Housing and Economic Recovery Act of 2008

(Public Law 110-289 (2008))

Amended the Safety and Soundness Act to create FHFA, place regulation of Fannie Mae, Freddie Mac and the Bank System under one regulator, enhance supervision of these regulated entities, and enhance FHFA's authorities as conservator or receiver. 






​Federal Home Loan Mortgage Corporation Act

12 U.S.C. 1451 et seq.
(Public Law 91-351 (1970))

Created Freddie Mac and provided authority for Freddie Mac’s activities.

GPO Text / PDF​


Federal National Mortgage Association Charter Act

12 U.S.C. 1716 et seq.
(Public Law 84-345,National Housing Act, Title III (1934), as amended by the Housing and Urban Development Act of 1968)

Created Fannie Mae and provided authority for Fannie Mae’s activities. Amendment in 1968 created the Government National Mortgage Association (Ginnie Mae), supervised by the Department of Ho​using and Urban Development.

GPO Text / PDF

​Find regulations pertaining to FHFA supervision at eCFR.




 Related Information



Foreclosure Prevention Report - July 201518785<h2>​July 2015 Highlights</h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul><li> The Enterprises completed 19,485 foreclosure prevention actions in July 2015, bringing the total to 3,560,421 since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications. </li><li>There were 12,237 permanent loan modifications in July, bringing the total to 1,846,180 since the start of conservatorships. </li><li>The share of modifications with principal forbearance decreased to 18 percent while modifications with extend-term only increased to 48 percent in July due to improved house prices and a declining HAMP eligible population. </li><li>There were 3,122 short sales and deeds-in-lieu completed in July, a slight increase compared with June. </li></ul><p><strong>The Enterprises' Mortgage Performance&#58;&#160;</strong></p><ul><li>The serious delinquency rate fell from 1.61 percent at the end of June to 1.57 percent at the end of July. </li></ul><p> <strong>The Enterprises' Foreclosures&#58; </strong></p><ul><li> Third-party and foreclosure sales increased slightly in July to 9,316. </li><li>Foreclosure starts declined 13 percent from 22,303 to 19,481 in July. </li></ul>10/8/2015 2:00:48 PM149http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly Performance Report of the Housing GSEs - Second Quarter 201518777<h3>​The Enterprises</h3><p> <em>(Freddie Mac and Fannie Mae)</em></p> <ul><li>Combined second quarter 2015 earnings of&#160;$8.8 billion rose from $2.4 billion in the first quarter of 2015.</li><li>Gains on derivatives of $5.6 billion were driven by an increase in medium‐ and longer‐term swap rates during the quarter.</li><li>Loan loss reserves decreased $2.2 billion during the quarter.</li><li>Enterprise MBS issuance dollar volume increased in the second quarter while the Enterprises’ percent of total issuances decreased slightly to 67 percent.</li></ul><h3>&#160;The Federal Home Loan Bank System</h3><br> <ul><li>The Federal Home Loan Banks of Des Moines and Seattle merged on May 31, 2015.</li> <font color="#002f88" face="Calibri"><font color="#002f88" face="Calibri"></font></font><font color="#002f88" lang="ZH-TW" face="SymbolMT"><font color="#002f88" lang="ZH-TW" face="SymbolMT"></font></font> <li>Aggregate Q2 2015 income of $669 million fell from $1.023 billion in Q1 2015.</li><li>The FHLBank of Boston received $135 million in litigation settlements.</li><li>Aggregate advances increased to $592 billion, rising at all FHLBanks over the quarter.</li><li>Aggregate retained earnings decreased slightly to $13.7 billion due to accounting effects from the merger.</li><li>Mandatorily redeemable capital stock decreased to $0.4 billion from $2.0 billion in the previous quarter as the FHLBanks of Des Moines and Seattle made significant redemptions and repurchases as part of the merger agreement.</li></ul>10/5/2015 6:58:58 PM439http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 201618391<p>The Fiscal Year (FY) 2016 Annual Performance Plan (APP) supports the <a href="/AboutUs/Reports/Pages/FHFA-Strategic-Plan-for-FY-2015-2019.aspx"><em>FHFA Strategic Plan&#58; Fiscal Years 2015–2019</em></a> (Strategic Plan).&#160; The APP sets out performance measures and targets in support of the goals in the Strategic Plan. </p><p> FHFA’s APP has four major components&#58; (1) strategic goals; (2) performance goals; (3) performance measures and associated targets; and (4) means and strategies to accomplish the performance goals. </p>10/1/2015 1:00:35 PM443http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Actions Top 3.5 Million Through Second Quarter 201518645​<strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">​​​​Washington, D.C. – </strong> <span style="line-height&#58;22px;">The Federal Housing Finance Agency (FHFA) today reported that</span><strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;"> </strong> <span style="line-height&#58;22px;">Fannie Mae and Freddie Mac completed 63,593 foreclosure prevention actions in the second quarter of 2015, bringing the total number of foreclosure prevention actions to over </span> <strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">3.5 million</strong><span style="line-height&#58;22px;"> since the start of the conservatorships in September 2008. </span> <span style="line-height&#58;22px;">&#160;</span><span style="line-height&#58;22px;">These measures have helped more than&#160;</span><strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">2.9 million </strong> <span style="line-height&#58;22px;">borrowers stay in their homes, including more than </span> <strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">1.8 million </strong> <span style="line-height&#58;22px;">who received permanent loan modifications.</span><span style="line-height&#58;22px;">&#160; </span> <span style="line-height&#58;22px;">&#160;</span>​<div><br> <p>Further details can be found in FHFA's second quarter <em>Foreclosure Prevention Report, </em>which also includes data on Fannie Mae and Freddie Mac home retention actions, delinquency data and real estate owned (REO) inventory.&#160; FHFA publishes the report data in an online, interactive Borrower Assistance Map accessible through FHFA.gov.&#160; </p><p>Other foreclosure prevention data for Fannie Mae and Freddie Mac noted in the quarterly report include&#58; </p><p></p><ul style="list-style-type&#58;disc;"><li>The REO inventory of Fannie Mae and Freddie Mac declined 14 percent during the second quarter to 86,515, marking the first time REO inventory has been below 100,000 since 2009. </li><li>The number of 60+ day delinquent loans declined another 6 percent during the quarter.</li><li>Approximately 31 percent of all permanent loan modifications in the second quarter helped to reduce homeowners' monthly payments by over 30 percent.</li><li>The serious delinquency rate of Fannie Mae and Freddie Mac loans fell to 1.6 percent at the end of the second quarter.</li></ul></div>9/28/2015 3:00:46 PM1022http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Second Quarter 201518646<h3>​​​​Second Quarter 2015&#160;Highlights</h3><p> <strong>The Enterprises' Foreclosure Prevention Actions&#58;&#160;</strong></p><ul><li> <span style="line-height&#58;22px;">The </span> <span style="line-height&#58;22px;">Enterprises completed 63,593 foreclosure prevention actions in the second quarter of 2015, bringing the total to 3,540,936 since the start of conservatorships in September 2008. Of these actions, 2,916,973 have helped troubled homeowners stay in their homes including 1,833,943 permanent loan modifications.</span><br></li><li> <span style="line-height&#58;22px;">Approximately 31 percent of all permanent loan modifications in the second quarter helped to reduce homeowners' monthly payments by over 30 percent.</span><br></li><li> <span style="line-height&#58;22px;">The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 47 percent of modifications in the second quarter due to improved house prices and a declining HAMP eligible population.</span><br></li><li> <span style="line-height&#58;22px;">As of June 30, 2015, approximately 18 percent of loans modified in the second quarter of 2014 had missed two or more payments, one year after modification.</span><br></li><li> <span style="line-height&#58;22px;">There were 9,423 completed short sales and deeds-in-lieu during the quarter, bringing the total to 623,963 since the start of conserva</span><span style="line-height&#58;22px;">torships.</span><br></li></ul><p> <strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;line-height&#58;22px;">The Enterprises' Mortgage Performance&#58;&#160;</strong></p><ul><li> <span style="line-height&#58;22px;">The number of 60+ days delinquent loans declined 6 percent during the second quarter as the economy improved and house prices continued to incr</span><span style="line-height&#58;22px;">ease.</span><br></li><li> <span style="line-height&#58;22px;">​The serious delinquency rate fell to 1.6 percent at the end of the quarter compared with 5.5 percent for Federal Housing Administration (FHA) loans, 2.9 percent for Veterans Affairs (VA) loans and 4.0 percent for all loans (Industry average).</span><br></li></ul><p> <span style="line-height&#58;22px;"></span></p><p> <strong style="font-family&#58;'source sans pro', sans-serif;font-size&#58;14px;color&#58;#404040;line-height&#58;22px;"></strong></p><p> ​ <strong>The Enterprises' Foreclosures&#58; </strong> <br></p><ul><li> <span style="line-height&#58;22px;">Third-party sales and foreclosure sales declined 14 percent to 29,945 while foreclosure starts decreased 11 percent to 62,364 in the second quarter.</span><br></li><li> <span style="line-height&#58;22px;">REO inventory declined 14 percent during the quarter to 86,515, as property dispositions continued to outpace proper</span><span style="line-height&#58;22px;">ty acquisitions.</span><br></li></ul><p></p><p> For an interactive online map that provides state data, click on the following link&#58; <br> <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map</a>​<br></p><p><a href="/Media/PublicAffairs/Pages/Foreclosure-Prevention-Actions-Top-3pt5-Million-Through-Second-Quarter-2015.aspx">Related News Release​</a>​</p>9/28/2015 3:00:52 PM236http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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