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 2022 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.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
1.
Operate the business in a safe and sound manner.
2.
Promote sustainable and equitable access to affordable housing.
2023 Scorecard
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.
Source: FHFA
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
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Saty Patrabansh
This study estimated annual first-time homebuyer shares using 20 years of loan-level mortgage data from Fannie Mae, Freddie Mac and FHA. These shares are consistent with popular estimates from various survey data. The first-time homebuyer shares in the U.S. during the last 20 years were approximately 40 percent with a noticeable upward trend from 2007 to 2010 and a downward trend subsequently. This study also compared mortgage and borrower characteristics of first-time and repeat homebuyers. First-time homebuyers are distinct from repeat homebuyers. First-time homebuyers buy less expensive properties with smaller loans and have slightly higher preference for 30-year fixed-rate mortgages. They are also younger in age, have lower income and credit score, and higher loan-to-value and debt-to-income ratios.
