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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News ReleaseJuly 17, 2024Six federal regulatory agencies today issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer’s principal dwelling. In particular, the rule will implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing those homes. The final rule is substantially similar to the proposalExternal link icon issued in June 2023.
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News ReleaseJuly 12, 2024The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders on tenant issues and represents the first time that tenant protections will be a standard component of Enterprise multifamily financing.
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News ReleaseJuly 11, 2024The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.
Spotlight Topics
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Climate Change and (ESG)
The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance...
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Suspended Counterparty
FHFA established the Suspended Counterparty Program (SCP) to help address the risk to Fannie Mae, Freddie Mac, and...
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Housing Market Indicators
MIRS Transition Index
MIRS Transition Index Release Dates | Index Values |
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July 2024 | 7.08 |
June 2024 | 6.87 |
May 2024 | 6.73 |
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 2023Q4-2024Q1 | Four Quarter Change 2023Q1-2024Q1 |
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"Purchase-Only" U.S. Index (Seasonally Adjusted) |
1.1% | 6.6% |
"Expanded-Data" U.S. Index (Seasonally Adjusted) |
1.5% | 6.6% |