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...
Glossaries
COVID-19 Resources
The Federal Housing Finance Agency (FHFA), as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises), and as regulator of the 11 Federal Home Loan Banks (FHLBanks), is responsible for their effective supervision, regulation, and mission oversight.
FHFA engages closely with the regulated entities as they work to fulfill their responsibilities to support affordable housing financing, targeted economic development financing, and underserved communities. This report provides a comprehensive look at the mission activities carried out by the regulated entities in 2022.
Rising interest rates and associated market volatility throughout 2022 resulted in an especially challenging environment for financing affordable housing across the single-family and multifamily business lines. The market saw higher home prices, fewer refinances and home purchase originations, continued rent growth, and ongoing housing supply constraints. When combined with high levels of inflation driving up the costs of daily life, many low- and moderate-income households encountered difficulties accessing affordable housing.
Despite these uncertain and changing market conditions, the Enterprises and FHLBanks completed a multitude of mission activities in 2022, all while operating in a safe and sound manner. For instance, in addition to overseeing the Enterprises’ statutorily mandated mission programs (i.e., the Enterprise housing goals and Duty to Serve programs), FHFA required the Enterprises to explore how they could better protect tenants living in rental properties, focus on environmental safety issues such as radon, account for the risks associated with climate change, and address barriers to sustainable housing opportunities through their Equitable Housing Finance Plans and other initiatives. Similarly, FHFA oversaw the FHLBanks’ statutorily mandated programs (i.e., Affordable Housing Program, Community Investment Program, and FHLBank housing goals), while also analyzing the FHLBanks’ rural, manufactured housing, and Native American housing performance as described in this report.