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.
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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
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From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the end of June 2018, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $2.5 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $81 billion, or 3.2 percent of UPB. An additional $1.1 trilllion of UPB and $278 billion of RIF has been transferred to primary mortgage insurers from 2013 through the end of June 2018. Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been transferred to private investors.
In the first half of 2018, the Enterprises transferred risk on $367 billion of UPB with a total RIF of $12 billion. Debt issuances accounted for 61 percent of RIF, reinsurance transactions accounted for 30 percent of RIF, lender risk sharing accounted for 6 percent of RIF, and senior/subordinate transactions accounted for 3 percent of RIF.
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