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.
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The Enterprise Non-Performing Loan Sales Report includes information about Non‐Performing Loans (NPLs) sold through June 30, 2023 and reflects borrower outcomes as of June 30, 2023, on NPLs sold through December 31, 2022. The sale of NPLs by Fannie Mae and Freddie Mac (the Enterprises) reduces the number of delinquent loans held in their inventories and transfers credit risk to the private sector. The sales help achieve more favorable outcomes for borrowers and local communities than the outcomes that would be achieved if the Enterprises held the NPLs in their portfolios. The sales also help reduce losses to the Enterprises and to taxpayers. NPLs are generally one year or more delinquent. Purchasers of Enterprise NPLs are subject to requirements published by FHFA, which have been enhanced over time as described on page 3 of the report.
This report provides information about the Enterprises' sales of NPLs and borrower outcomes post‐sale. The report contains the following key information:
Some pools have reached the end of the required four-year reporting period. Outcomes for these pools are held constant at the four-year mark.
This report shows that, through June 30, 2023, the Enterprises sold 163,297 NPLs with an aggregate unpaid principal balance (UPB) of $30.0 billion. The loans included in the NPL sales had an average delinquency of 2.8 years and an average current mark-to-market LTV ratio of 84 percent, not including capitalized arrearages. Average delinquency for pools sold ranged from 1.1 to 6.2 years.
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* The outcomes of a Freddie Mac pilot sale in August 2014 are not included in this report because the transaction was executed before FHFA issued NPL sales and reporting requirements.
