About FHFA
The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF). The Agency's mission is to ensure that Fannie Mae and Freddie Mac (the Enterprises) and the FHLBanks (together, "the regulated entities") fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac.
Latest News
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StatementSeptember 10, 2024FHFA Director Sandra L. Thompson issued the following statement on the Federal Home Loan Mortgage Corporation’s appointment of Diana Reid as its Chief Executive Officer: “I am delighted that Freddie Mac has selected Diana Reid as its next CEO. Diana brings with her decades of experience in mortgage banking and capital markets, as well as a proven track record of executive leadership. I look forward to working with her to build upon Freddie Mac’s mission to promote affordable housing throughout the country in a safe and sound manner. I am also grateful to Mike Hutchins for his leadership during this interim period as Freddie Mac completed its search for a permanent CEO. I look forward to working with the Freddie Mac team to ensure a smooth transition.”
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News ReleaseSeptember 09, 2024The Federal Housing Finance Agency (FHFA) released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well as nationwide data on housing and the mortgage market. The tool — known as the Mortgage Loan and Natural Disaster Dashboard— is intended to give property owners, community leaders, financial institutions, policymakers, and other stakeholders better insight into which areas of the country are most likely to incur greater damages from hurricanes, flooding, wildfires, and other types of natural hazards.
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StatementAugust 28, 2024Fannie Mae and Freddie Mac’s (the Enterprises) announcements today of new multifamily tenant protections mark an important milestone by increasing transparency and improving communication between housing providers and tenants. These announcements provide additional details on how the Enterprises will work with housing providers to implement these protections at Enterprise-backed multifamily properties. FHFA and the Enterprises will continue to engage with stakeholders to support both tenants and housing providers as these policies take effect in February 2025.
Spotlight Topics
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Climate Risk
The purpose of FHFA's Climate Risk Committee is to ensure the Agency makes strategic and tactically sound decisions concerning the impacts of and response to the risks posed by climate change in a coordinated, collaborative, and informed manner in furtherance of FHFA’s mission.
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Suspended Counterparty
FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks presented by individuals and entities with a history of fraud or other financial misconduct.
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Housing Market Indicators
MIRS Transition Index
MIRS Transition Index Release Dates | Index Values |
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August 2024 | 6.94 |
July 2024 | 7.08 |
June 2024 | 6.87 |
MIRS transition index is intended to be used in lieu of the discontinued MIRS ARM Index for currently outstanding loans, and not as a reference rate on newly-originated adjustable-rate mortgages. For further information, click here.
House Prices
FHFA HPI-Source | Quarterly Change 2024Q1-2024Q2 | Four Quarter Change 2023Q2-2024Q2 |
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"Purchase-Only" U.S. Index (Seasonally Adjusted) |
0.9% | 5.7% |
"Expanded-Data" U.S. Index (Seasonally Adjusted) |
1.1% | 6.1% |