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 2019 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...
Duty to Serve Program will award Duty to Serve credit for very low-, low-, and moderate income families tied to specific high needs and high opportunity areas as defined by the Duty to Serve regulation. These areas include:
The Duty to Serve regulation has specific definitions for each of the high needs and high opportunity areas identified in the regulation. This page identifies the specific geographies which qualify for Duty to Serve credit, for each particular definition. All geography is based on the 2010 Census.
FHFA's Duty to Serve regulation defines "rural area" as: (1) a census tract outside of a metropolitan statistical area, as designated by the Office of Management and Budget; or (2) a census tract in a metropolitan statistical area, as designated by the Office of Management and Budget, that is outside of the metropolitan statistical area's Urbanized Areas as designated by the U.S. Department of Agriculture's
Rural-Urban Commuting Area Code #1, and outside of tracts with a housing density of over 64 housing units per square mile for USDA's RUCA Code #2. Below is a link to the specific geographies which meet the Rural Areas definition.
The Duty to Serve regulation identifies members of a Federally recognized Indian tribe living in Indian areas as a high-needs rural population that Fannie Mae and Freddie Mac may serve in rural areas. Below is a link to the specific geographies which meet the Indian Areas definition.
FHFA's Duty to Serve regulation defines residential economic diversity to include Enterprise activities that support financing of mortgages in high opportunity areas. High opportunity areas for purposes of Duty to Serve, include areas designated by Housing and Urban Development (HUD) as a "Difficult Development Area" (DDA), as well as areas designated by a state local Qualified Allocation Plan as a high opportunity area, whose poverty rate is lower than the rate established by FHFA. Below is a link to the specific geographies which meet the High Opportunity Areas definition.
FHFA’s Duty to Serve regulation defines residential economic diversity to include activities that support financing of mortgages in areas of concentrated poverty. Areas of concentrated poverty for purposes of Duty to Serve, include a census tract designated by HUD as a Qualified Census Tract, or as a Racially or Ethnically-Concentrated Area of Poverty, during any year covered by an Underserved Markets Plan or in the year prior to a Plan’s effective date. Below is a link to the specific geographies which meet the Area of Concentrated Poverty definition.
The Duty to Serve regulation defines “small financial institution” as a financial institution with less than $304 million in assets.
Below is a link to the list of small financial institutions that meet this definition. The list consists primarily of depository institutions, credit unions and Community Development Financial Institutions. The list does not include non-depository mortgage banks. The list also includes several Agricultural Credit Associations (ACAs).
2018 High-Needs Counties Interactive Map
2017 DTS Single-Family Dashboard
2018 DTS Single-Family Dashboard
2020 High-Needs Counties Interactive Map
2019 DTS Single-Family Dashboard
2021 High-Needs Counties Interactive Map
© 2020 Federal Housing Finance Agency