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 2016 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 6, 2014 to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
U.S. Office of Special Counsel PowerPoint
U.S. Office of Special Counsel Brochure
The Whistleblower Protection Act (WPA) prohibits taking or not taking a personnel action (or threatening either) with respect to any employee or applicant because of any disclosure of information by an employee or applicant which he or she reasonably believes evidences a violation of any law, rule, or regulation or gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety, unless the employee or applicant is prohibited from making the disclosure due to national security reasons.
On November 27, 2012, President Obama signed the Whistleblower Protection Enhancement Act (WPEA). Following is a summary of the changes that affect FHFA employees, supervisors, and managers.
Key changes under WPEA: The WPEA provides that a disclosure does not lose its protected status just because:
It was part of the employee’s duties to make such disclosures; orIt was made to a person involved in the alleged wrongdoing; orThe disclosure consisted of information previously revealed; orThe disclosure was not made in writing; orThe motive of the person making the disclosure was suspect; orThe disclosure was made by an employee while off-duty; or Too much time passed between the occurrence of the events disclosed and the time of disclosure.
It was part of the employee’s duties to make such disclosures; or
It was made to a person involved in the alleged wrongdoing; or
The disclosure consisted of information previously revealed; or
The disclosure was not made in writing; or
The motive of the person making the disclosure was suspect; or
The disclosure was made by an employee while off-duty; or
Too much time passed between the occurrence of the events disclosed and the time of disclosure.
Censorship of Research or Technical InformationThe WPEA protects any disclosure of information by an employee or applicant that he or she reasonably believes is evidence of censorship related to research, analysis or technical information and that such censorship is or will cause a violation of any law, rule, or regulation or gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety.
Whistleblower OmbudsmanThe WPEA amends the Inspector General Act to require that each Inspector General designate a Whistleblower Protection Ombudsman who shall educate agency employees about prohibitions on retaliation for protected disclosures and the rights and remedies against retaliation for protected disclosures. Mr. Brian Baker is the Whistleblower Protection Ombudsman for the FHFA Office of Inspector General. You can reach him at 202-730-2825 or Brian.Baker@fhfaoig.gov.
New RemediesThe WPEA authorizes compensatory damages to those employees or applicants who suffer a prohibited personnel practice. Previously, remedies included only reimbursement for out of pocket expenses and equitable relief such as reinstatement or rescinding a suspension. In addition, those employees who have been subjected to a retaliatory investigation may also recover fees, costs or damages related to the investigation.
Employees who engage in whistleblower retaliation may be subject to discipline from the Merit System Protection Board, if the Office of Special Counsel (OSC) can show that an employee’s whistleblowing was a “significant motivating factor” in an agency’s decision to take adverse action against an employee. The new standard is lower than previously required. This part of the WPEA places the liability for attorneys’ fees in a disciplinary action on the agency, where previously it had been placed on the OSC.
Non-Disclosure AgreementsThe WPEA also requires that certain kinds of non-disclosure agreements that require employees not to talk about their work, such as those signed by employees with top secret security clearances, contain the following language:
These provisions are consistent with and do not supersede, conflict with, or otherwise alter the employee obligations, rights, or liabilities created by existing statute or Executive order relating to (1) classified information, (2) communications to Congress, (3) the reporting to an Inspector General of a violation of any law, rule, or regulation, or mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety, or (4) any other whistleblower protection. The definitions, requirements, obligations, rights, sanctions, and liabilities created by controlling Executive orders and statutory provisions are incorporated into this agreement and are controlling. 5 U.S.C. §§ 7211 and 2302(b)(8); 10 U.S.C. § 1034; 50 U.S.C. §§ 421 et seq. and 783; 18 U.S.C. §§ 641, 793, 794, 798 and 952; E.O. 13526.
InformationContact Janice A. Kullman in the Office of General Counsel regarding this communication at Janice.email@example.com or 202-649-3077.
For additional information, or to make a protected disclosure, go to the Office of Special Counsel Website at: www.osc.gov. You may also make protected disclosures to the FHFA Office of Inspector General at www.fhfaoig.gov or the OIG hotline at 1-800-793-7724.
© 2017 Federal Housing Finance Agency