Federal Housing Finance Agency Print
  • FHFA Government HEader Image
  • ​​Informed Insight

    FHFA provides public information and access to resources for those creating and enforcing policies, regulations and rules, to help Americans make better housing finance decisions and strengthen the U.S. housing market.

Government

Skip Navigation Links.
Skip Navigation Links.
Home / Government

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.


I want to:

  1. Read FHFA's latest Annual Report to Congress.

  2. Read the latest Strategic Plan for Conservatorships or the latest Scorecard.

  3. Read recent Research.

  4. Download Data.

  5. Read recent Speeches or Testimony.

 

Find what you were looking for? If not, send us a note about what you would like added to this page. Complete a general feedback form by clicking here.

 

Key Legislation

 

Short Title (Citation)

Document

FEDERAL HOME LOAN BANKS

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 / PDF

FEDERAL HOUSING FINANCE AGENCY CHARTER

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. 

GPO​ Text / PDF










 
GPO Text / PDF

FREDDIE MAC CHARTER

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

FANNIE MAE CHARTER

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 Housing and Urban Development.

GPO Text / PDF

Find regulations pertaining to FHFA supervision at eCFR.

CONGRESSIONAL LETTERS


​​​

 Related Information

 

 

FHFA Information Resources Management Strategic Plan FY 2024-202626306<p>​​​​​​​​​​​The Federal Housing Finance Agency (FHFA) today released the FHFA Information Resources Management Strategic Plan&#58; Fiscal Years 2024-2026, which provides direction, organizational alignment, and prioritization for key information technology and data initiatives. Implementation of the Information Resources Management Strategic Plan will maximize the impact of information resources on FHFA’s mission and ongoing operations.</p>​ ​<br>3/11/2024 2:00:39 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / FHFA Information Resources Management Strategic Plan FY 2024-2026 301https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Freedom of Information Act (FOIA) Report - FY202344707<p style="margin&#58;0in;font-family&#58;calibri;font-size&#58;11pt;">​​​​​​The FOIA requires each federal agency to submit an Annual Report to the Attorney General each year.&#160; These reports contain detailed statistics on the numbers of requests received and processed by each agency, the time taken to respond, and the outcome of each request, as well as many other vital statistics regarding the administration of the FOIA at federal departments and agencies.<br><br></p>3/8/2024 4:18:06 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Freedom of Information Act (FOIA) Report - FY2023 The FOIA requires each federal agency to submit an 295https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces Key Updates for Implementation of Enterprise Credit Score Requirements29009<p style="padding-top&#58;8px !important;"> <strong>​​​​​​​​​​​​​​​​​Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac (the Enterprises).</p><p>Following extensive stakeholder engagement and input, FHFA is aligning the implementation date of the bi-merge credit reporting requirement with the transition from the Classic FICO credit score model. This aligned transition is expected to occur in the fourth quarter of 2025.</p><p>To better support market participants with this transition, the Enterprises will accelerate the publication of VantageScore 4.0 historical data, originally expected to be published in the first quarter of 2025, to early in the third quarter of 2024. FHFA and the Enterprises continue to work towards providing similar data to support the transition to the FICO 10T model, contingent upon achieving the necessary conditions for acquisition and publication of this data. FHFA will provide further details on implementation timing for FICO 10T once this process is complete.</p><p>In recent public forums hosted by FHFA, stakeholders have emphasized the importance of this historical data to allow them to analyze the new models, as well as bi-merge credit reporting, and assess any changes they must make to their systems and models. Stakeholders have also shared perspectives on the efficiencies associated with aligning the option for bi-merge credit reporting with the transition from Classic FICO.</p><p>“Synchronizing bi-merge credit reporting with the implementation of the new credit score model requirements will reduce complexity for market participants, which is a key objective of our transition efforts,” said FHFA Director Sandra L. Thompson. “The release of historical data on tens of millions of Enterprise loan acquisitions affirms the commitment of FHFA and the Enterprises to a robust, transparent implementation process.”</p><p>In <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Validation-of-FICO10T-and-Vantage-Score4-for-FNM-FRE.aspx">October 2022</a>, FHFA announced the validation and approval of the FICO 10T and VantageScore 4.0 credit score models for use by the Enterprises, as well as the transition to a bi-merge credit reporting requirement. The new models are expected to increase accuracy in credit scoring while providing multiple views of credit risk for market participants. Under a bi-merge approach, credit reports from two, rather than three, of the nationwide consumer reporting agencies may be used, which is expected to promote more robust market competition. In <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Public-Engagement-Process-for-Implementation-of-Updated-Credit-Score-Requirements.aspx">March 2023</a>, FHFA and the Enterprises initiated a public engagement process to solicit input on this initiative and gather information on how to ensure a smooth transition to the new credit score requirements. This engagement process was further expanded in <a href="/Media/PublicAffairs/Pages/FHFA-Announces-Next-Phase-of-Public-Engagement-Process-for-Updated-Credit-Score-Requirements.aspx">September 2023</a>, with additional opportunities for stakeholder input expected throughout 2024 and beyond. </p><p>FHFA and the Enterprises will continue to provide regular updates to assist market participants throughout this transition.</p><p><strong>Related Resources</strong></p><p><a href="/PolicyProgramsResearch/Policy/Pages/Credit-Scores.aspx">FHFA Credit Score Transition Page</a></p><p><a href="https&#58;//singlefamily.fanniemae.com/originating-underwriting/credit-score-models" class="external-link">Fannie Mae Credit Score Transition Page</a></p><p><a href="https&#58;//sf.freddiemac.com/general/credit-score-models" class="external-link">Freddie Mac Credit Score Transition Page</a></p>2/29/2024 5:00:09 PMHome / Media / FHFA Announces Key Updates for Implementation of Enterprise Credit Score Requirements News 14110https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces $301 Million for Affordable Housing Programs28989<p style="padding-top&#58;8px !important;"> <strong>​​​​​​​​​​​​​​Washington, D.C.</strong> – Today, the Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).</p><p>“Affordable housing is one of the greatest challenges facing communities across the country today,” said FHFA Director Sandra L. Thompson. “A portion of every loan purchased by the Enterprises is allocated to the Housing Trust Fund and the Capital Magnet Fund, which provide resources that increase affordable housing options in our communities.”</p><p>The Housing Trust Fund, overseen by the U.S. Department of Housing and Urban Development, will receive $196 million. The Housing Trust Fund allocates funding annually to states and state-designated entities to produce or preserve affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing.</p><p>The Capital Magnet Fund, overseen by the U.S. Department of the Treasury, will receive $105 million. The Capital Magnet Fund competitively awards money to finance affordable housing activities, related economic development activities, and community service facilities.​​<br></p><p>By law, amounts allocated to these funds are based on the Enterprises’ new business purchases. Market conditions in 2023, including elevated interest rates, reduced the Enterprises’ total new business purchases compared to the previous year.</p>2/28/2024 9:08:20 PMHome / Media / FHFA Announces $301 Million for Affordable Housing Programs News Release 2432https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces New Staffing Updates28990<p></p><p><strong>Washington, D.C.</strong> – Today, the Federal Housing Finance Agency (FHFA) announced two personnel updates. </p><p>Anne Marie Pippin has been selected to serve as the Deputy Director for the Division of Conservatorship, Oversight, and Readiness.</p><p>“With her extensive experience in mortgage finance, innovation, risk management, and corporate governance, Anne Marie's leadership has been exemplary in every way,&quot; said FHFA Director Sandra Thompson. “I look forward to her continued leadership in this role.&quot; </p><p>Anju Vajja, Ph.D., has been named Deputy Director for the Division of Research and Statistics. &#160;</p><p>&#160;“Anju's experience in overseeing the research, analysis, and data governance work of the Division of Research and Statistics, and its production of FHFA's House Price Index, National Mortgage Database, Uniform Appraisal Dataset, is a tremendous asset to DRS and the Agency.&quot; </p><p><strong>About Anne Marie Pippin&#58;</strong> Ms. Pippin has over 13 years of public sector experience in mortgage finance, innovation, risk management and controls, and corporate governance. She joined FHFA in 2017 and most recently served as Associate Director of the Office of Governance and Strategic Initiatives and Office of Financial Technology in DCOR. In this role she was responsible for leading and coordinating Agency efforts to understand technology-driven developments in housing finance, addressing emerging risks and advancing Agency priorities related to the responsible adoption and deployment of financial technology, as well as overseeing governance and strategic initiatives related to the conservatorship of the Enterprises (Fannie Mae and Freddie Mac).</p><p>Previously in FHFA, she served as Governance Branch Manager and as an Examiner within the Division of Enterprise Regulation with broad coverage of governance topics, including corporate governance, model governance, artificial intelligence and machine learning risk management, and enterprise-wide risk management. She co-wrote the FHFA Advisory Bulletin 2022-02, Artificial Intelligence and Machine Learning Risk Management, and wrote the FHFA Advisory Bulletin 2020-06, Enterprise Risk Management Program.</p><p>Prior to joining FHFA, Ms. Pippin served in various risk management and governance functions in the Department of Energy, Department of Defense, Department of the Interior, and National Oceanic and Atmospheric Administration. Ms. Pippin also served as an analyst on climate risk at the White House Council on Environmental Quality in 2012. Ms. Pippin is a graduate of the University of Georgia, where she holds a Juris Doctor (JD), Master of Business Administration (MBA), and undergraduate business degree.</p><p><strong>About Anju Vajja&#58;</strong> Vajja oversees the production of FHFA's House Price Index, National Mortgage Database (NMDB), Uniform Appraisal Dataset, and several other mortgage and housing data systems at FHFA. She is FHFA's Research Officer and is responsible for research in housing, mortgage markets, and real estate. She oversees FHFA's data governance and Climate and ESG coordination work. Vajja previously served as Principal Advisor to the Deputy Director and Principal Associate Director in DRS and Associate Director in FHFA's Division of Housing Mission and Goals (DHMG).</p><p>Prior to joining DHMG, Vajja served as Managing Economist in FHFA's Division of Bank Regulation (DBR), where she led a team of economists and financial analysts. She was responsible for targeted credit and collateral risk examinations to support the FHFA's examinations of the Federal Home Loan Banks (FHLBanks). While in DBR, Vajja also led a team of financial analysts who evaluated the financial condition and performance of the FHLBanks.</p><p>Prior to joining FHFA, Vajja worked at the World Bank evaluating community development initiatives. Vajja also taught at Georgetown University as an adjunct Professor. She earned her Ph.D. in economics from Georgetown University, her MA from Delhi School of Economics, and her BS in economics from Lady Sri Ram College, Delhi University, India.​<br></p><p>​​<br><br></p>2/28/2024 10:38:56 PMHome / Media / FHFA Announces New Staffing Updates News Release Anne Marie Pippin has been selected to serve 2198https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

© 2024 Federal Housing Finance Agency