​​​This Progress Report summarizes major activities of Fannie Mae and Freddie Mac in 2018 that contributed to achieving FHFA's three strategic goals as conservator of the Enterprises, established by FHFA in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (2014 Conservatorship Strategic Plan):

1. MAINTAIN, in a safe and sound manner, foreclosure prevention activities and credit availability for new and refinanced mortgages to foster liquid, efficient, competitive, and resilient national housing finance markets;
   
2. REDUCE taxpayer risk through increasing the role of private capital in the mortgage market; and
3. BUILD a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.
   

The 2018 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions (2018 Scorecard) sets forth FHFA's expectations for 2018 relative to those strategic goals.  The 2018 Scorecard also specifies the criteria that FHFA uses to assess the performance of the Enterprises and Common Securitization Solutions, LLC (CSS), including safety and soundness; support for a competitive and resilient secondary mortgage market; diversity and inclusion; cooperation and collaboration; and the quality, thoroughness, creativity, effectiveness, and timeliness of their work products.  Of these criteria, this Progress Report highlights efforts related to diversity and inclusion, discussions of which are included throughout the Report.  Those discussions document progress at the Enterprises and CSS toward incorporating diversity and inclusion throughout their businesses and activities.

Interested parties are invited to provide input on this Report. Feedback can be submitted via FHFA.gov, or to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, D.C. 20219. 

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