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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.

 

I want to:

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

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

  3. Read recent Research.

  4. Download Data.

  5. Read recent Speeches or Testimony.

 

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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 / PD​F

​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. 


 

 

 







 

​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 Ho​using and Urban Development.

GPO Text / PDF

​Find regulations pertaining to FHFA supervision at eCFR.

CONGRESSIONAL LETTERS​​​​

 

 

 Related Information

 

 

Refinance Report - November 201622260<h2>​November 2016 Highlights</h2><p>Total refinance volume rose in November 2016 as mortgage rates in October remained near lows last observed in 2013. Mortgage rates increased by over a quarter percent in November&#58; the average interest rate on a 30-year fixed rate mortgage was 3.77 percent.</p><p> In November 2016&#58;</p><ul><li>Borrowers completed 4,530 refinances through HARP, bringing total refinances from the inception of the program to 3,442,967.</li><li><div align="LEFT">HARP volume represented 2 percent of total refinance volume.</div></li><li><div align="LEFT">Five percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.</div></li></ul><p>Year to date through November 2016&#58;&#160;</p><ul><li><div align="LEFT"><span aria-hidden="true"></span><span aria-hidden="true"></span>Borrowers with loan‐to‐value ratios greater than 105 percent accounted for 21 percent of the volume of HARP loans.</div></li><li>Twenty‐six percent of HARP refinances for underwater borrowers were for shorter-term 15- and 20-year mortgages, which build equity faster than traditional 30-year mortgages. </li><li>HARP refinances represented 6 or more percent of total refinances in Nevada, Florida, and Georgia, double the 3 percent of total refinances nationwide over the same period.</li></ul><p>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. </p><p>Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as of June 30, 2016.</p><font face="Calibri"></font>1/17/2017 6:07:02 PM149https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
No FEAR Act Annual Report to Congress FY 201622271<p>​This report primarily focuses on Fiscal Year (FY) 2016 but also includes the five-year reporting period between FY 2012 and FY 2016. It was prepared in accordance with the requirements of Title II, Section 203 of the Notification and Federal Employee Antidiscrimination and Retaliation Act of 2002 (No FEAR Act).The No FEAR Act and regulations at 5 C.F.R. Part 724 require that federal agencies be publicly accountable for violations of antidiscrimination and whistleblower protection laws. Federal agencies must also notify employees and applicants for employment about their rights under the federal antidiscrimination and whistleblower laws.</p>1/17/2017 9:24:51 PM129https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.4 Percent in October21718<p><strong>Washington, D.C. </strong>– U.S. house prices rose in October, up <strong>0.4 percent </strong>on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). &#160;The previously reported 0.6 percent increase in September remained unchanged.&#160; </p><p>The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.&#160; From October 2015 to October 2016, house prices were up <strong>6.2</strong><strong> percent</strong>.&#160; </p><p>For the nine census divisions, seasonally adjusted monthly price changes from September 2016 to October 2016 ranged from <strong>-</strong><strong>0.6</strong> <strong>p</strong><strong>e</strong><strong>r</strong><strong>ce</strong><strong>n</strong><strong>t</strong> in the East South Central division to <strong>+1.2</strong><strong> </strong><strong>p</strong><strong>e</strong><strong>r</strong><strong>ce</strong><strong>n</strong><strong>t</strong> in the Mountain division.&#160; The 12-month changes were all positive, ranging from <strong>+3.6 percent</strong> in the Middle Atlantic division to <strong>+8.3 percent</strong> in the Mountain division.</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages.&#160; Complete historical downloadable data and HPI release dates for 2017 are available on the <a href="/hpi">HPI page</a>. </p><p>For detailed information on the HPI, see <a href="/Media/PublicAffairs/Pages/Housing-Price-Index-Frequently-Asked-Questions.aspx">HPI Frequently Asked Questions (FAQ)</a>.&#160; The&#160;next HPI report will be released January 25, 2017 and will include monthly data through November 2016.&#160;</p>12/22/2016 2:00:57 PM1214https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index - October 201621719<p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">The FHFA House Price Index (HPI) reported a&#160;0.4 percent&#160;increase in U.S. house prices in&#160;October from the previous month.&#160;&#160;From&#160;October 2015 to October 2016, house prices were up&#160;6.1&#160;percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from&#160;September 2016 to&#160;October 2016 ranged from&#160;-0.6&#160;percent in the&#160;East South Central&#160;division to +1.2&#160;percent in the&#160;Mountain division.&#160; The 12-month changes were all positive, ranging from +3.6&#160;percent in the&#160;Middle Atlantic&#160;division to +8.3&#160;percent in the Mountain division.​</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;">Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.</p><p style="margin&#58;0px 0px 10px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040 !important;text-transform&#58;none;line-height&#58;22px;text-indent&#58;0px;letter-spacing&#58;normal;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-style&#58;normal;font-weight&#58;normal;word-spacing&#58;0px;vertical-align&#58;baseline;white-space&#58;normal;orphans&#58;2;widows&#58;2;font-stretch&#58;inherit;background-color&#58;#ffffff;"> <a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt4-Percent-in-October-2016.aspx">Related News Release</a>&#160;</p>12/22/2016 2:00:58 PM1513https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Third Quarter 201622040<h2>Third Quarter Highlights</h2> <p dir="ltr"> <strong>The Enterprises' Foreclosure Prevention Actions&#58; </strong></p><ul dir="ltr" style="margin-right&#58;0px;"><li dir="ltr"><div>The Enterprises completed 46,390 foreclosure prevention actions in the third quarter of 2016, bringing the total to 3,787,888 since the start of conservatorships in September 2008. Of these actions, 3,127,237 have helped troubled homeowners stay in their homes including 1,993,692 permanent loan modifications. </div></li><li>The share of modifications with principal forbearance remained at 19 percent. Modifications with extend-term only accounted for 44 percent of all loan modifications in the third quarter due to improved house prices and a declining HAMP eligible population. </li><li>As of September 30, 2016, approximately 21 percent of loans modified in the third quarter of 2015 had missed two or more payments, one year after modification. </li><li>There were 6,167 completed short sales and deeds-in-lieu during the quarter, bringing the total to 660,651 since the conservatorships began in September in 2008. </li></ul><p dir="ltr"> <strong>The Enterprises' Mortgage Performance&#58; </strong></p> <strong></strong> <ul dir="ltr" style="margin-right&#58;0px;"><li><div> The number of 60+ days delinquent loans declined another 3 percent to 421,765 at the end of the third quarter, which remains the lowest level since 2008. </div></li><li>The Enterprises' serious delinquency rate fell to 1.2 percent at the end of the third quarter, the lowest level since June of 2008. This compared with 4.4 percent for Federal Housing Administration (FHA) loans, 2.3 percent for Veterans Affairs (VA) loans, and 3.0 percent for all loans (Industry average). </li></ul><p dir="ltr"> <strong>The Enterprises' Foreclosures&#58; </strong></p><ul dir="ltr" style="margin-right&#58;0px;"> <strong></strong> <li> Foreclosure starts decreased 7 percent to 51,376 while third-party and foreclosure sales fell 9 percent to 21,293 in the third quarter. </li></ul><p> For an interactive online map that provides state data, click on the following link&#58; <br> <em> <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map </a></em></p><p><a href="/Media/PublicAffairs/Pages/FHFA-Third-Quarter-Foreclosure-Prevention-Report-Seriously-Delinquent-Loans-Drop-to-Lowest-Level-Since-June-2008.aspx">Related News Release </a></p>12/22/2016 4:01:03 PM180https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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