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
Pursuant to the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act), as amended by the Housing and Economic Recovery Act of 2008 (HERA), the FHFA Director's principal duties include, among others, ensuring that each Enterprise operates in a safe and sound manner, that the operations and activities of each Enterprise foster liquid, efficient, competitive, and resilient national housing finance markets, and that each Enterprise carries out its statutory mission only through activities that are authorized under and consistent with the Safety and Soundness Act and its charter. Pursuant to their charters, the statutory purposes of the Enterprises are, among others, to provide stability in, and ongoing assistance to, the secondary market for residential mortgages across the economic cycle.
Consistent with these statutory duties, and given the growth, size, and complexity of the CRT market, in 2019, FHFA called for a comprehensive review of the Enterprises’ CRT programs. As an initial step toward a comprehensive review, this report:
1. Provides an overview of the history and purpose of the Enterprises’ CRT programs and the basic features of the most common CRT vehicles;
2. Describes CRT activity to date, including estimates of the net costs of the Enterprises’ CRT programs;
3. Discusses the performance of CRT structures during and following the initial COVID-19 stress; and
4. Identifies areas for research and analysis to assess potential risks to the ability of each Enterprise to operate in a safe and sound manner and perform its statutory mission or to the liquidity, efficiency, competitiveness, or resiliency of the national housing finance markets.
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