This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
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.
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
"On Dec. 23, 2011, President Obama signed into law the Temporary Payroll Tax Cut
Continuation Act of 2011. Among its provisions, this new law directs the Federal Housing
Finance Agency (FHFA) to increase guarantee fees charged by Fannie Mae and Freddie Mac
(the Enterprises) by no less than 10 basis points from the average guarantee fees charged by
these companies in 2011 on single-family mortgage-backed securities.
This requirement is effective immediately, meaning that the average guarantee fees charged in
2012 need be at least 10 basis points greater than the average guarantee fees charged in 2011
and that this increase be remitted to the U.S. Treasury, rather than retained as reserves by the
Enterprises. The law also requires FHFA to determine a schedule for guarantee fee increases
over a two-year period that must satisfy other requirements of the law.
To begin implementation of these requirements, today I am directing Fannie Mae and Freddie
Mac to announce before year-end to their seller-servicers that, effective April 1, 2012, the
guarantee fee on all single-family residential mortgages shall increase by 10 basis points.
In early 2012, FHFA will further analyze whether additional guarantee fee increases are
appropriate to ensure the new requirements are being met. FHFA will announce plans for
further guarantee fee increases or other fee adjustments that will then be implemented
gradually over the two-year implementation window, taking into consideration risk levels and
conditions in financial markets. FHFA will monitor closely the increased guarantee fees
imposed as a result of the new law throughout its effective period, which ends Oct. 1, 2021."
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.
These government-sponsored enterprises provide more than $5.7 trillion in funding for the U.S. mortgage markets
and financial institutions.
© 2016 Federal Housing Finance Agency