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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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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



Freedom of Information Act (FOIA) Report - FY 201519213<p>​​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.&#160;</p>2/2/2016 7:58:46 PM825http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Quarterly FOIA Report - First Quarter 201619214<p>​The&#160;Office of Information Policy requires all agencies to provide quarterly reporting for four key FOIA statistics to the Department of Justice. &#160;This report is attended to identify trends and assess agencies' progress throughout the course of the fiscal year.</p>2/2/2016 7:58:55 PM157http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Index Shows Mortgage Interest Rates Increased in December19196<p><strong>Washington, D.C</strong>. – Nationally, interest rates on conventional purchase-money mortgages increased from November to December, according to several indices of new mortgage contracts. </p><p><strong>The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index </strong>was 3.97 percent for loans closed in late November, up 12 basis points from 3.85 percent in November. &#160;</p><p><strong>The average interest rate on all mortgage loans </strong>was 3.96 percent, up 10 basis points from 3.86 in November.</p><p><strong>The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less</strong> was 4.20 percent, up 12 basis points from 4.08 in November.</p><p><strong>The effective interest rate on all mortgage loans </strong>was 4.10 percent in December, up 9 basis points from 4.01 percent in November. &#160;The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.</p><p><strong>The average loan amount</strong> for all loans was $318,000 in December, down $1,800 from $319,800 in November.</p><p>FHFA will release January index values Thursday, February 25, 2016.</p><p>For more information, call David Roderer at (202) 649-3206. To hear recorded index information, call (202) 649-3993. &#160;To find the complete contract rate series, go to <a href="/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx">http&#58;//www.fhfa.gov/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx</a>​.&#160;</p><p style="text-align&#58;center;">&#160;<img alt="NACM_Jan2016.JPG" src="/Media/PublicAffairs/PublishingImages/Pages/Forms/AllItems/NACM_Jan2016.JPG" style="margin&#58;5px;width&#58;685px;" /></p><blockquote dir="ltr" style="margin-right&#58;0px;"><blockquote dir="ltr" style="margin-right&#58;0px;"><p style="text-align&#58;left;">Source&#58;&#160; FHFA</p></blockquote></blockquote><p style="text-align&#58;left;">Technical note&#58;&#160; The indices are based on a small monthly survey of mortgage lenders, which may not be representative. &#160;The sample is not a statistical sample but is rather a convenience sample. &#160;Survey respondents were asked to report terms and conditions of all conventional, single-family, fully amortized purchase-money loans closed during the last five working days of the month.&#160; Unless otherwise specified, the indices include 15-year mortgages and adjustable-rate mortgages.&#160; The indices do not include mortgages guaranteed or insured by either the Federal Housing Administration or the U.S. Department of Veterans Affairs.&#160; The indices also excluded refinancing loans and balloon loans.&#160; December 2015 values are based on 3,173 reported loans from 14 lenders, which include savings associations, mortgage companies, commercial banks, and mutual savings banks. &#160;&#160;&#160; </p>1/28/2016 1:30:10 PM496http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.5 Percent in November18958<p><strong>​Washington, D.C.&#160;</strong>– U.S. house prices rose in November, up <strong>0.5 percent </strong>on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).&#160; The previously reported 0.5 percent increase in October is unchanged. &#160;</p><p>The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.&#160; From November 2014 to November 2015, house prices were up <strong>5.9</strong><strong> </strong><strong>p</strong><strong>e</strong><strong>r</strong><strong>c</strong><strong>en</strong><strong>t</strong>.&#160; The index levels for October and November 2015 exceeded the prior peak level from March 2007. </p><p>For the nine census divisions, seasonally adjusted monthly price changes from October 2015 to November 2015 ranged from <strong>-0.4</strong> <strong>p</strong><strong>e</strong><strong>r</strong><strong>ce</strong><strong>n</strong><strong>t</strong> in the West South Central division to&#160;<strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">+1.8</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;"> </strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">p</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">e</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">r</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">ce</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">n</strong><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">t</strong><span style="line-height&#58;22px;"> </span><span style="line-height&#58;22px;">in t</span><span style="line-height&#58;22px;">h</span><span style="line-height&#58;22px;">e</span><span style="line-height&#58;22px;"> </span><span style="line-height&#58;22px;">Mountain </span><span style="line-height&#58;22px;">d</span><span style="line-height&#58;22px;">i</span><span style="line-height&#58;22px;">v</span><span style="line-height&#58;22px;">i</span><span style="line-height&#58;22px;">si</span><span style="line-height&#58;22px;">o</span><span style="line-height&#58;22px;">n.</span><span style="line-height&#58;22px;">&#160; </span><span style="line-height&#58;22px;">The 12-month changes were all positive, ranging from </span><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">+2.6 percent</strong><span style="line-height&#58;22px;"> in the Middle Atlantic division to </span><strong style="line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">+10.0 percent</strong><span style="line-height&#58;22px;"> in the Mountain division</span><span style="line-height&#58;22px;">.</span></p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages.&#160; Complete historical data are available on the <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx">Downloadable HPI Data page.</a> </p><p>For detailed information on the monthly HPI, see <a href="/Media/PublicAffairs/Pages/Housing-Price-Index-Frequently-Asked-Questions.aspx">HPI Frequently Asked Questions (FAQ)</a>.&#160; The&#160;next HPI report will be released February 25, 2016 and will include monthly data through December 2015 and quarterly data for the fourth quarter of 2015.&#160;<span style="line-height&#58;22px;">&#160;</span></p><p>FHFA has published HPI release dates for 2016, which can be found on the <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx#ReleaseDates">HPI Release dates page</a>.</p>1/26/2016 2:00:44 PM1030http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - November 201518962<p style="font-style&#58;normal;font-variant&#58;normal;">​The FHFA House Price Index (HPI) reported a&#160;0.5 percent&#160;increase in U.S. house prices in&#160;November&#160;from the previous month.&#160;&#160;From&#160;November&#160;2014 to November&#160;2015, house prices were up 5.9&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;October&#160;2015 to&#160;November&#160;2015 ranged from&#160;-0.4&#160;percent in the West South Central&#160;division to +1.8&#160;percent in the Mountain&#160;division. &#160;The 12-month changes were all positive, ranging from +2.6&#160;percent in the Middle Atlantic division&#160; to +10.0&#160;percent in the Mountain division.​</p><p style="font-style&#58;normal;font-variant&#58;normal;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="font-style&#58;normal;font-variant&#58;normal;"><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt5-Percent-in-November-2015.aspx">Related News Rel​ease&#160;</a>​</p>1/26/2016 2:00:45 PM1133http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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