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 2014 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.
Jan. 26 - Monthly
Feb. 25 - Quarterly
March 22 - Monthly
April 21 - Monthly
May 25 - Quarterly
June 22 - Monthly
July 21 - Monthly
Aug. 24 - Quarterly
September 22 - Monthly
October 25 - Monthly
Nov. 23 - Quarterly
Dec. 22 - Monthly
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 sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which include the stress test scenarios, were issued on November 26, 2013 under FHFA’s final stress testing rule. The stress tests, required by the Dodd-Frank Act, are designed to determine whether the regulated entities have the capital necessary to absorb losses as a result of adverse economic conditions. FHFA also issued Summary Instructions and Guidance including revised templates the regulated entities will use to report the results of the testing.
The Dodd-Frank Act requires the tests annually for financial companies that have total consolidated assets of $10 billion or more and are regulated by a primary federal financial regulatory agency. The regulated entities are required to submit the results of stress tests based on three scenarios: Baseline, Adverse, and Severely Adverse. Assumptions for the variables in each separate scenario differ, and the regulated entities are expected to use those variables that are relevant to their individual lines of business.
Fannie Mae and Freddie Mac are required to publish their results by April 30, 2014. The Federal Home Loan Banks must publish their results by July 30, 2014.
For this year, Fannie Mae and Freddie Mac are also required to conduct additional FHFA-required stress tests, as they have in the past, in conjunction with the initial implementation of the Dodd-Frank Act stress tests. FHFA expects to release those results along with a comparison to the results of the Dodd-Frank Act stress tests in the second quarter of 2014. Going forward, the Dodd-Frank Act stress tests will replace the financial projections of Fannie Mae and Freddie Mac that FHFA has released in the past.
Order to FHLBanksAppendices to OrderSummary Instructions & GuidanceSupplemental Order to FHLBanksAppendices to Supplemental Order
2014 FHFA Scenarios2014 FHFA Scenario Variables and Assumptions Templates2014 FHFA Enterprises Stress Test Templates2014 FHFA FHLBanks Stress Test Templates2014 FHFA Global Market Shocks - Adverse2014 FHFA Global Market Shocks - Severe
More Stress Test Information
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.5 trillion in funding for the U.S. mortgage markets and financial institutions.
© 2016 Federal Housing Finance Agency