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Welcome to the Government page of FHFA’s website.  This page provides consolidated resources for federal, state and local government personnel who are interested in the nation’s housing finance system.


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Key Legislation

 

Short Title (Citation)

Document

FEDERAL HOME LOAN BANKS

Federal Home Loan Bank Act

12 U.S.C. 1421 et seq.
(Public Law 72-304 (1932))

Established the Federal Home Loan Bank System.

GPO Text / PDF

FEDERAL HOUSING FINANCE AGENCY CHARTER

Federal Housing Enterprises Financial Safety and Soundness Act of 1992

12 U.S.C. 4501 et seq.
(Public Law 102-550 (1992))

Primary statutory authorization for FHFA’s regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Bank System, including supervision of housing mission and goals and actions as conservator or receiver for Fannie Mae, Freddie Mac or any Federal Home Loan Bank.

Housing and Economic Recovery Act of 2008

(Public Law 110-289 (2008))

Amended the Safety and Soundness Act to create FHFA, place regulation of Fannie Mae, Freddie Mac and the Bank System under one regulator, enhance supervision of these regulated entities, and enhance FHFA's authorities as conservator or receiver. 

GPO Text / PDF










 
GPO Text / PDF

FREDDIE MAC CHARTER

Federal Home Loan Mortgage Corporation Act

12 U.S.C. 1451 et seq.
(Public Law 91-351 (1970))

Created Freddie Mac and provided authority for Freddie Mac’s activities.

GPO Text / PDF

FANNIE MAE CHARTER

Federal National Mortgage Association Charter Act

12 U.S.C. 1716 et seq.
(Public Law 84-345,National Housing Act, Title III (1934), as amended by the Housing and Urban Development Act of 1968)

Created Fannie Mae and provided authority for Fannie Mae’s activities. Amendment in 1968 created the Government National Mortgage Association (Ginnie Mae), supervised by the Department of Housing and Urban Development.

GPO Text / PDF

Find regulations pertaining to FHFA supervision at eCFR.

CONGRESSIONAL LETTERS


 Related Information

 

 

FHFA Releases Report on Non-performing Loan Sales27790<p><strong>​​Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises).&#160; The Enterprise <em>Non-Performing Loan Sales Report</em> includes information about NPLs sold through December 31, 2019 and reflects borrower outcomes on NPLs sold through June 30, 2019 and reported through December 31, 2019.&#160; The sale of NPLs reduces the number of delinquent loans in the Enterprises' portfolios and transfers credit risk to the private sector.&#160; FHFA and the Enterprises impose <a href="/Media/PublicAffairs/Pages/Non-Performing-Loan-Sale-Guidelines.aspx">requirements</a> on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure.&#160;</p><p>This report shows that, through December 31, 2019, the Enterprises sold 126,757 NPLs with a total unpaid principal balance (UPB) of $23.8 billion.&#160; </p><p><strong>NPL Sales Highlights&#58;</strong></p><ul><li>NPLs sold had an average delinquency of 2.9 years and an average loan-to-value ratio of 91 percent.</li><li>The average delinquency for pools sold ranged from 1.4 years to 6.2 years.</li><li>NPLs in New Jersey, New York and Florida represented nearly half (44 percent) of the NPLs sold.&#160; These three states accounted for 47 percent of the Enterprises' loans that were one year or more delinquent as of December 31, 2014, prior to the start of NPL program sales in 2015. </li><li>Fannie Mae sold 86,216 loans with an aggregate UPB of $15.8 billion, an average delinquency of 3.0 years, and an average LTV of 89 percent.</li><li>Freddie Mac sold 40,541 loans with an aggregate UPB of $8.1 billion, an average delinquency of 2.9 years, and an average LTV of 98 percent.<br></li></ul><p><strong>Borrower Outcomes Highlights&#58;</strong><br></p><ul><li>The borrower outcomes in the report are based on 114,745 NPLs that were settled by June 30, 2019 and reported as of December 31, 2019.&#160; </li><li>Compared to a benchmark of similarly delinquent Enterprise NPLs that were not sold, foreclosures avoided for sold NPLs were higher than the benchmark.&#160; </li><li>NPLs on homes occupied by borrowers had the highest rate of foreclosure avoidance outcomes (38.3 percent foreclosure avoided versus 15.9 percent for vacant properties).</li><li>NPLs on vacant homes had a much higher rate of foreclosure, more than double the foreclosure rate of borrower-occupied properties (76.9 percent foreclosure versus 34.4 percent for borrower occupied properties).&#160; Foreclosures on vacant homes typically improve neighborhood stability and reduce blight as the homes are sold or rented to new occupants.</li></ul><p>FHFA will continue to provide reporting on NPL sales borrower outcomes on an ongoing basis. </p><p>Link to <a href="/AboutUs/Reports/ReportDocuments/Dec-2019_NPL-Sales-Report.pdf">Non-Performing Loan Sales Repor</a>​t</p><p>Link to <a href="/PolicyProgramsResearch/Policy/Pages/Non-Performing-Loan-Sales.aspx">NPL page on FHFA.gov</a>​</p>6/1/2020 5:00:56 PMHome / Media / FHFA Releases Report on Non-performing Loan Sales News Release The sale of NPLs reduces the https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Enterprise Non-Performing Loan Sales Report - December 201927792<p style="font-style&#58;normal;">​The Enterprise&#160;<em>Non-Performing Loan Sales Report</em>&#160;includes information about NPLs sold through December 31, 2019 and reflects borrower outcomes on NPLs sold through June 30, 2019 and reported through December 31, 2019.&#160; The sale of NPLs reduces the number of delinquent loans in the Enterprises' portfolios and transfers credit risk to the private sector.&#160; FHFA and the Enterprises impose&#160;<a href="/Media/PublicAffairs/Pages/Non-Performing-Loan-Sale-Guidelines.aspx">requirements</a>&#160;on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure.&#160;</p><p style="font-style&#58;normal;"><span style="font-style&#58;normal;">This report shows that, through December 31, 2019, the Enterprises sold 126,757 NPLs with a total unpaid principal balance (UPB) of $23.8 billion.&#160;​</span></p><p style="font-style&#58;normal;"><em style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-weight&#58;400;"><a href="/Media/PublicAffairs/Pages/FHFA-Releases-Report-on-Non-performing-Loan-Sales.aspx">Related News Release</a>​</em><br></p>6/1/2020 5:01:00 PMHome / About FHFA / Reports / Enterprise Non-Performing Loan Sales Report - December 2019 Enterprise https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index 2020 Q1277515/26/2020 1:01:11 PMFHFA Deputy Director Lynn Fisher announces the release of the first quarter FHFA House Price Index report 257https://www.fhfa.gov/Videos/Pages/Forms/AllItems.aspxhtmlFalseaspx
CFPB, FHFA, & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19 27654​ <hr style="line-height&#58;16px;font-size&#58;16px;" /> <span style="line-height&#58;14px;font-style&#58;normal;font-variant&#58;normal;">​</span><span style="line-height&#58;14px;font-style&#58;normal;font-variant&#58;normal;font-weight&#58;700 !important;">Joint Release</span><span style="line-height&#58;14px;font-style&#58;normal;font-variant&#58;normal;"></span> <h4 style="text-align&#58;right;font-style&#58;normal;font-variant&#58;normal;">Consumer Financial Protection Bureau</h4><h4 style="text-align&#58;right;font-style&#58;normal;font-variant&#58;normal;">Department of Housing and Urban Development</h4><h4 style="text-align&#58;right;font-style&#58;normal;font-variant&#58;normal;">Federal Housing Finance Agency</h4><p>&#160;</p><hr style="line-height&#58;16px;font-size&#58;16px;" /><p> <strong>Washington, D.C. </strong>–&#160;​To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, today the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched the new mortgage and housing assistance website, <a href="https&#58;//www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/">cfpb.gov/housing</a>.&#160;</p><p>FHFA and HUD are offering extensive CARES Act assistance and protection for Americans having trouble paying their mortgage or rent during the COVID-19 national health emergency. This joint website consolidates the CARES Act mortgage relief, protections for renters, resources for additional help, and information on how to avoid COVID-19 related scams. It also provides lookup tools for homeowners to determine if their mortgage is federally backed, and for renters to find out if their rental unit is financed by FHA, Fannie Mae, or Freddie Mac.</p><p>“This invisible enemy has a lot of Americans concerned about how they are going to stay safe and make ends meet,&quot; said HUD Secretary Ben Carson. “No one should lose their home because of Coronavirus, and this new website is full of resources to help property owners and renters navigate these unprecedented times. HUD is continuing to monitor the needs of our FHA borrowers and HUD-assisted families, and we are prepared to take additional actions as needed.&quot;</p><p>“During these uncertain times, consumers need reliable, fair, and accurate information on the protections and relief options available to them. This joint website achieves this important goal for homeowners and renters, outlining clearly the changes that policymakers are making to assist them,&quot; said CFPB Director Kathleen L. Kraninger. “The Bureau will continue to do everything we can to protect the economic security of consumers.&quot;&#160;&#160;</p><p>“Protecting and empowering borrowers and renters while ensuring the mortgage market functions as efficiently as possible has been a priority for FHFA during the national health emergency,&quot; said Director Mark Calabria. “This joint website is a one-stop shop for information about the housing protections and assistance available from the government during this unprecedented crisis.&quot;</p><p>“Our interagency team began working at the immediate onset of the emergency to address the nation’s housing challenges. This new resource was part of that effort, and will provide immeasurable value to the nation’s homeowners and renters during this critical time,” said FHA Commissioner Brian Montgomery. “For those in FHA-insured homes or Multifamily rental properties, we are here to tell you that help is available for those that need it. We’re using every available method, like this new website, to get the message out.”</p><p>In addition to the tools made available by HUD and FHFA, CFPB has partnered with FHFA on the Borrowers Protection Program that enables the agencies to share servicing information to protect borrowers during the coronavirus national emergency.</p><p>The CFPB has taken numerous steps to protect and assist consumers during the COVID-19 national emergency including making it easier for consumers to receive pandemic-relief payments; informing consumers about their options as it relates to mortgage forbearance; ensuring consumers will be able to continue to send remittance transfers without disruption; releasing a policy statement outlining the responsibility of credit reporting companies and furnishers; and, providing needed flexibility to enable financial companies to work with customers in need.&#160; The Bureau continues to process consumer complaints through the consumer complaint system. Through the consumer complaint system, the CFPB gets responses from companies to resolve consumer issues and takes the information into account in supervisory and enforcement work.&#160; The CFPB has also released timely information on new programs aimed at helping struggling consumers during this time. These programs include&#160;&#160;<a href="https&#58;//www.consumerfinance.gov/about-us/blog/what-you-need-to-know-about-student-loans-and-coronavirus-pandemic/"><strong>student loan payment suspension</strong></a>;&#160;<a href="https&#58;//www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/"><strong>mortgage forbearance</strong></a>;&#160;<a href="https&#58;//www.consumerfinance.gov/about-us/blog/guide-covid-19-economic-stimulus-checks/"><strong>stimulus payments</strong></a>; and&#160;<a href="https&#58;//www.consumerfinance.gov/about-us/blog/help-small-businesses-during-covid-19-pandemic/"><strong>the paycheck protection program</strong></a>.&#160;&#160; Additionally, the Bureau has a centralized&#160;<a href="https&#58;//www.consumerfinance.gov/coronavirus/"><strong>webpage with information on how consumers can protect their finances during the pandemic</strong></a>.</p><p>FHFA's regulated entities, the Enterprises and the Federal Home Loan Banks provide more than $6.3 trillion in funding for the U.S. mortgage market and set the standard for how the mortgage system works. In response to the COVID-19 national emergency the Enterprises permitted borrowers with a financial hardship due to the pandemic the ability to enter into forbearance, a pause or reduction in their monthly mortgage. The missed payments will have to be paid back by the borrower. FHFA does not require lump sum repayment at the end of the forbearance. The missed payments can be added to the normal monthly payments, paid back all at once, tacked on to the end of the loan, or the borrower can have the term of the loan extended. Renters who live in a multifamily property with an Enterprise-backed mortgage cannot be evicted due to a COVID-19 loss of income. To see the additional actions FHFA has taken to help Americans impacted by the coronavirus remain in their homes, please visit the newly launched joint website.&#160;</p><p>Part of HUD's Office of Housing, the Federal Housing Administration (FHA) is the largest mortgage insurer in the world with an active insurance portfolio of over $1.3 trillion. In response to the COVID-19 national emergency, FHA permitted borrowers to enter into forbearance, a pause or reduction in their monthly mortgage for up to six months. Borrowers can request an additional six months if needed. FHA does not require lump sum repayment at the end of the forbearance. FHA has developed the COVID-19 Standalone Partial Claim to assist with repayment. If borrowers were current, or less than 30 days delinquent as of March 1, 2020, they may be entitled to this option. A partial claim is a zero interest, no fee, junior lien on the borrower's property that will become payable when the borrower sells their home, pays off their mortgage, or their mortgage otherwise terminates. If the borrower does not qualify for the COVID-19 Standalone Partial Claim, FHA offers other tools to help repay missed payments over time. For more information on FHA mortgages please call 1-800-CALL-FHA (1-800-225-5342), or visit <a href="http&#58;//www.hud.gov/coronavirus">www.hud.gov/coronavirus</a> or please visit the newly launched joint website. </p>5/12/2020 5:30:20 PMDepartment of Housing and Urban Development Washington, D.C. – ​To ensure homeowners and renters have the most up to date and accurate housing assistance information during the 2677https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces Tools to Help Renters Find Out if They are Protected from Eviction27618<p> <strong>​Washington, D.C. </strong>– To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have created online multifamily property lookup tools.&#160;&#160;</p><p>The property lookup tools allow renters to find out if the multifamily property where they reside has an Enterprise-backed mortgage. Under the CARES Act, renters living in a property with an Enterprise-backed mortgage are covered by a temporary eviction moratorium. Landlords with Enterprise-backed mortgages can enter forbearance if their tenants cannot pay rent due to COVID-19 loss of income.&#160;&#160;</p><p>“Today's tool protects renters and empowers them to find out if they live in a multifamily property covered by the eviction moratorium,&quot; said Director Mark Calabria. “Landlords with Enterprise-backed mortgages cannot evict tenants for failing to pay their rent if they are affected by COVID-19. Renters who can pay their rent should.&quot;&#160;&#160;</p><p>Renters are still expected to pay their rent during the eviction moratorium period, if they can. Those experiencing financial hardship should reach out to their landlord to discuss their situation and potential solutions.&#160;&#160;</p><p>Renters living in multifamily properties with Enterprise-backed mortgages who need support should reach out to the Fannie Mae Helpline at 877-542-9723, if Fannie Mae backs their building's mortgage, or the Freddie Mac Helpline at 800-404-3097, if Freddie Mac backs their building's mortgage.&#160;&#160;</p><p>See Fannie Mae's Multifamily Loan Lookup Tool <a href="https&#58;//www.knowyouroptions.com/rentersresourcefinder">here</a>.&#160;</p><p>See Freddie Mac's Multifamily Loan Lookup Tool <a href="https&#58;//myhome.freddiemac.com/renting/lookup.html"> here​</a>.</p>5/4/2020 2:00:31 PMWashington, D.C. – To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced 7712https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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