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 2018 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
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.
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Language Translation Disclosure
The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the private sector through a variety of transactions in both the single-family and multifamily markets.
From the beginning of the Enterprises' Single-Family CRT programs in 2013 through the second quarter of 2019, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $3.1 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $102 billion, or 3.3 percent of UPB. An additional $1.4 trillion of UPB and $346 billion of RIF has been transferred to primary mortgage insurers from 2013 through the second quarter of 2019. Through CRT and mortgage insurance, the majority of the underlying mortgage credit risk on mortgages targeted for CRT has been transferred to private investors.
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