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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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  1. Read FHFA's latest Annual Report to Congress.

  2. Read the latest Strategic Plan for Conservatorships or the latest Scorecard.

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Key Legislation


Short Title (Citation)



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 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


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


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.


 Related Information



FHFA Requests Input on Strategic Plan For Fiscal Years 2021-202428452<p>​<strong>​​​​​Washington, D.C.</strong> - The Federal Housing Finance Agency (FHFA) is requesting input on its <em style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-weight&#58;400;">Strategic Plan&#58; Fiscal Years 2021-2024</em> (the Plan)<em style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-weight&#58;400;">, </em>which<em style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-weight&#58;400;"> </em>establishes new goals that are necessary for FHFA to fulfill its statutory duties, including responsibly ending the conservatorships of Fannie Mae and Freddie Mac (the Enterprises). The Plan formalizes FHFA's, and its regulated entities', new direction by updating the Agency's mission, vision, and values, and by establishing three new strategic goals.</p><ol><li>Ensuring safe and sound regulated entities through world-class supervision;<br></li><li>Fostering competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets; and</li><li>Positioning the Agency as a model of operational excellence by strengthening its workforce and infrastructure.</li></ol><p>&quot;The goals and milestones laid out in the Plan ensure that that FHFA's supervision is strong, well executed and fulfills all statutory requirements, including ending the conservatorships of the Enterprises responsibly,&quot; said Director Mark Calabria. </p><p>Input on the Plan is due by October 5, 2020 and should be submitted via <a href="/">www.FHFA.gov</a> [at&#160;<a href="/AboutUs/Contact/Pages/Request-for-Information-Form.aspx">https&#58;//www.fhfa.gov/AboutUs/Contact/Pages/Request-for-Information-Form.aspx</a>].<br></p><p><a href="/AboutUs/Reports/ReportDocuments/FHFA_StrategicPlan_9222020.pdf">Link to <em>FHFA's Strategic Plan&#58; Fiscal Years 2021-2024</em><br></a>​<br></p>9/22/2020 2:01:00 PMHome / Media / FHFA Requests Input on Strategic Plan For Fiscal Years 2021-2024 News Release https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Strategic Plan: Fiscal Years 2021- 202435475<p>​The ​Federal Housing Finance Agency (FHFA) has requested input on FHFA's Strategic Plan&#58; Fiscal Years 2021-2024, by Monday, October 5, 2020. FHFA's strategic plan reflects the agency's priorities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises).&#160; FHFA has requested input from Members of Congress, the public and interested stakeholders in accordance with the Government Performance and Results Modernization Act of 2010.&#160;</p><div>​<a href="/Media/PublicAffairs/Pages/FHFA-Requests-Input-on-Strategic-Plan-for-Fiscal-Years-2021-24.aspx">Link to the news release announcing the Request for Input on FHFA's Strategic Plan&#58;&#160;Fiscal Years 2021-2024</a>&#160;(9/22/2020)</div><div>&#160;</div><div> <a href="/AboutUs/Contact/Pages/Request-for-Information-Form.aspx">Submit&#160;Input</a> - Select <em>&quot;Strategic Plan&#58; Fiscal Years 2021-2024&quot;</em> in pull down​<br>​</div>9/22/2020 2:01:05 PMHome / About FHFA / Reports / FHFA Strategic Plan: Fiscal Years 2021- 2024 FHFA Strategic Plan https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Extends Foreclosure and REO Eviction Moratoriums 27905<p><strong>​​Washington, D.C.</strong> – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020.&#160; The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums&#160;were set to expire on August 31, 2020.&#160;</p><p>“To help keep borrowers in their homes during the pandemic, FHFA is extending the Enterprises' foreclosure and eviction moratoriums through the end of 2020,&quot; said Director Mark Calabria. “This protects more than 28 million homeowners with an Enterprise-backed mortgage.&quot;</p><p>Currently, FHFA projects additional expenses of $1.1 to 1.7 billion will be borne by the Enterprises due to the existing COVID-19 foreclosure moratorium and its extension. FHFA will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed. To understand the protections and assistance offered by the government to those having trouble paying their mortgage, please visit the joint Department of Housing and Urban Development, FHFA, and the Consumer Financial Protection Bureau website at <a href="http&#58;//www.cfpb.gov/housing">cfpb.gov/housing</a>.​</p>8/27/2020 2:00:12 PMHome / Media / FHFA Extends Foreclosure and REO Eviction Moratoriums News Release 19051https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Further Extends Buying Loans in Forbearance & COVID-Related Loan Processing Flexibilities28483<p> <strong>Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30, 2020.&#160; The changes are<sup> </sup>to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on August 31, 2020.</p><p>“Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic,&quot; said Director Mark Calabria.</p><p>Extended flexibilities include&#58;</p><ul><li> <a href="/Media/PublicAffairs/Pages/Temporary-Policy-Allowing-Purchase-of-Qualified-Loans-in-Forebearance-Extended.aspx">Buying qualified loans in forbearance</a>;</li><li> <a href="/Media/PublicAffairs/Pages/FHFA-Extends-COVID-Related-Loan-Processing-Flexibilities-for-Fannie-Mae-and-Freddie-Mac-Customers-Through-August.aspx">Alternative appraisals on purchase and rate term refinance loans</a>;</li> <li>Alternative methods for documenting income and verifying employment before loan closing; and</li><li>Expanding the use of power of attorney to assist with loan closings.</li></ul>8/26/2020 7:00:50 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance 7690https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Prices Up 5.4 Percent from Last Year; Prices Rise 0.8 Percent in Second Quarter Despite COVID28463<p> <strong>​​Washington, D.C.</strong> – U.S. house prices rose<strong> 5.4 percent</strong> from the second quarter of 2019 to the&#160;second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up<strong> 0.8 percent </strong>in the second quarter of 2019. FHFA’s seasonally&#160;adjusted monthly index for June was up<strong> 0.9 percent </strong>from May.<br></p><div><p>“Home prices grew by 5.4 percent in the second quarter of 2020 compared to a year ago, despite&#160;the impacts of COVID-19.” said Dr. Lynn Fisher, Deputy Director of the Division of Research and&#160;Statistics at FHFA. “Although house prices fell slightly in May relative to April, in June prices&#160;rebounded by 0.9 percent over the month as local economies re-opened and transactions picked up&#160;again. Four Census Divisions showed strong early summer gains with month over month growth of one percent or more in June.”<br></p><p>View highlights video featuring Dr. Lynn Fisher at <a href="https&#58;//youtu.be/BCaHwLXe3Kc">https&#58;//youtu.be/BCaHwLXe3Kc</a>.&#160;<br></p><p> <strong>Significant Findings</strong><br></p><ul><li>House prices have risen for 36 consecutive quarters, or since September 2011.</li><li>House prices rose in all 50 states and the District of Columbia between the second&#160;quarters of 2019 and 2020. The top five areas in annual appreciation were&#58; 1) <strong>Idaho&#160;</strong>10.8 percent; 2) <strong>Arizona </strong>9.1 percent; 3) <strong>Washington </strong>8.6 percent; 4) <strong>Utah </strong>8.1&#160;percent; and 5) <strong>New Mexico</strong> 7.7 percent. Idaho has been the leading state for the last 7&#160;quarters. The areas showing the lowest annual appreciation were&#58; 1) <strong>West Virginia</strong>&#160;1.1 percent; 2) <strong>North Dakota</strong> 1.1 percent; 3) <strong>District of Columbia</strong> 1.4 percent; 4)&#160;<strong>Illinois </strong>2.5 percent; and 5) <strong>Alaska </strong>2.6 percent.<br></li><li>House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters. Annual price increases were greatest in <strong>Urban Honolulu, HI</strong>,&#160;where prices increased by 11.7 percent. Prices were weakest in <strong>San Francisco-San&#160;Mateo-Redwood City, CA</strong> (MSAD), where they decreased by 0.3 percent.</li><li>Of the nine census divisions, the <strong>Mountain </strong>division experienced the strongest four&#160;quarter&#160;appreciation, posting a 7.0 percent gain between the second quarters of 2019&#160;and 2020 and a 0.9 percent increase in the second quarter of 2020. The Mountain&#160;division has been the leading region for 11 consecutive quarters. Annual house price&#160;appreciation was weakest in the <strong>Middle Atlantic</strong> division, where prices rose by 4.5&#160;percent between the second quarters of 2019 and 2020.</li><li>Trends in the Top 100 Metropolitan Statistical Areas are available through our&#160;interactive dashboard <a href="/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx">https&#58;//www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-​100-Metro-Area-Rankings.aspx</a>. The first tab displays rankings while the second tab&#160;offers charts.</li></ul></div><p>FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure&#160;changes in single-family house prices based on data that cover all 50 states and over 400 American&#160;cities and extend back to the mid-1970s. The HPIs are built from tens of millions of home sales and&#160;offer insights about house price fluctuations at the national, census division, state, metro area,&#160;county, ZIP code, and census tract levels. The FHFA HPIs use a fully transparent methodology&#160;based upon a weighted, repeat-sales statistical technique to analyze transaction data from Fannie&#160;Mae and Freddie Mac. FHFA releases data and reports on a quarterly and monthly basis. The&#160;flagship FHFA HPI uses seasonally adjusted, purchase-only data, unless otherwise noted.<br></p><p>Additional indexes are based on other data including refinances, FHA mortgages, and real property&#160;records. All the indexes are available on the FHFA website.<br></p><p>Tables and graphs showing home price statistics for metropolitan areas, states, census divisions,&#160;and the U.S. are included on the following pages.</p><p> <strong style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;">Note</strong></p><ul><li>The next monthly HPI report (including data through July 2020) will be released&#160;September 23, 2020 and the next quarterly HPI report (including data for the third quarter&#160;of 2020 and monthly data for September) will be released November 24, 2020.</li><li>FHFA HPI release dates for the remainder of 2020 and newly announced dates for 2021 are&#160;available at<a href="/HPI"> https&#58;//www.fhfa.gov/HPI</a>.</li><li>The FHFA HPI Calculator is a popular tool to compare price changes in different housing&#160;markets. A revised version is available at <a href="/DataTools/Tools/Pages/HPI-Calculator.aspx">https&#58;//www.fhfa.gov/DataTools/Tools/Pages/HPI-Calculator.aspx</a>.</li><li>Follow <a href="https&#58;//twitter.com/FHFA">@FHFA</a>&#160;on Twitter, <a href="https&#58;//www.linkedin.com/company/354523">LinkedIn</a>, <a href="https&#58;//www.facebook.com/FHFA/%e2%80%9d">Facebook,&#160;</a> and <a href="https&#58;//www.youtube.com/channel/UCoKP7Om6nsRkEav9yInFekw">YouTube</a>&#160;for more HPI news.​​​<br></li></ul>8/25/2020 1:08:22 PMWashington, D.C. – U.S. house prices rose 5.4 percent from the second quarter of 2019 to the second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House 1751https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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