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 2020 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.
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.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
As the Deputy Director of DER, Galeano is responsible for the supervision of Fannie Mae and Freddie Mac (the Enterprises) to ensure their safe and sound operation. DER conducts risk analysis and risk-based examinations, prepares annual reports of examination of the Enterprises, and issues supervision policy and examiner guidance.
Galeano has served in various capacities at FHFA since 2002, including as Deputy Director, Division of Bank Regulation and Associate Director of examinations for the FHLBanks. He was the Examiner-in-Charge over Fannie Mae in 2012, and FHFA’s Associate Director of Credit Risk in 2011.
Beginning in 2002, Galeano worked for the Federal Housing Finance Board as a senior bank examiner and the examiner-in-charge of the Federal Home Loan Bank of New York. He was promoted to portfolio manager in 2005, overseeing a team of examiners and several Federal Home Loan Banks and the Office of Finance. Galeano is a self-described “lifelong bank examiner,” having begun his career with the Federal Deposit Insurance Corporation (FDIC) in 1992 as an assistant bank examiner in the Manhattan Field Office. He was commissioned in August 1995 and became an FDIC case manager in 1997. He is a graduate of Pace University with a double major in finance and economics. He graduated from the Stonier Graduate School of Banking with Distinction Honors, and is a graduate of the Federal Executive Institute Leadership for a Democratic Society. Galeano resides in Northern Virginia with his wife and son.
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