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
Karen Chang has over 15 years of public and private sector experience in mortgage finance. Chang joined FHFA in 2021 with a focus on monitoring the counterparty risk of the Enterprises’ non-bank seller/servicers. Prior to joining FHFA, Chang served in numerous housing policy positions across the federal government, including the Consumer Financial Protection Bureau, the National Economic Council, the U.S. Department of the Treasury, and the U.S. Department of Housing and Urban Development. In these roles, she focused on a range of issues, including the revised Ability-to-Repay/Qualified Mortgage rule, developing foreclosure prevention programs and housing finance reform. She has also held several positions in the private sector, most recently at PennyMac Financial Services where she focused on mortgage insurance, product and pricing strategy. Chang earned her BA in Economics and Political Science from McGill University and her MA in Economics from the University of California, Santa Barbara.
Read more about FHFA's Organization & Leadership |Download Full Bio
