Our mission is to ensure the Housing Government-sponsored Enterprises operate in a safe and sound manner so they serve as a reliable source of liquidity and funding for housing finance and community investment. Together these institutions provide more than $5 trillion in funding for the U.S. mortgage markets and financial institutions.
Read about the agency’s 2015 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.
Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2016 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
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.
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HARP - the Home Affordable Refinance Program was created by FHFA specifically to help homeowners current on their mortgage payments, but underwater on their mortgages.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts….
Key Topics pages provide information about FHFA's work on a range of issues facing the nation and highlight the most relevant related news releases, reports, statements and web pages on the respective topics.
The Honorable Melvin L. Watt of Charlotte, NC sworn in on January 6th to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, D.C. – The Federal Housing Finance Agency (FHFA)
today announced that the maximum conforming loan limits for mortgages acquired
by Fannie Mae and Freddie Mac in 2016 will remain at existing levels, except in
39 high-cost counties where they will increase. In most of the country, the loan limit will remain
at $417,000 for one-unit properties.
and Economic Recovery Act of 2008 (HERA) established the baseline loan limit at
$417,000 and mandated that, after a period of price declines, the baseline loan
limit cannot rise again until home prices return to pre-decline levels. The $417,000 loan limit will stay the same for
2016 because FHFA has determined that the average U.S. home value in the third
quarter of this year remained below its level in the third quarter of 2007.
for higher loan limits in high-cost counties by setting loan limits as a
function of area median home value. Although
the baseline loan limit will be unchanged in most of the country, 39 specific high-cost
counties in which home values increased over the last year will see the maximum
conforming loan limit for 2016 adjusted upward.
Although other counties also experienced home value increases in 2015, after other elements of the HERA formula—such as
the statutory ceiling and floor on limits—were accounted for, these local-area
limits were left unchanged.
A list of the
2016 maximum conforming loan limits for all counties and county-equivalent
areas in the country may be found here. A description of
the methodology used for determining the maximum loan limits can be found in
the attached addendum.
concerning the maximum conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov.
of 2016 Maximum Conforming Loan Limits Under HERA
Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032Consumers: Consumer Communications or (202) 649-3811
© 2016 Federal Housing Finance Agency