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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



Foreclosure Prevention, Refinance and FPM Report - January 202133252<h2>​January&#160;2021&#160;Highlights - Foreclosure Prevention</h2><div> <strong></strong>&#160;</div><div> <strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></div><div><ul><li>The Enterprises completed 71,932 foreclosure prevention actions in January, bringing the total to 5,660,185 since the start of the conservatorships in September 2008. Approximately 43 percent of these actions have been permanent loan modifications.<br></li><li>There were 3,231 permanent loan modifications in January, bringing the total to&#160;2,444,197 since the conservatorships began in September 2008.<br></li><li>Eleven&#160;percent of modifications in&#160;January were modifications with principal&#160;forbearance. Modifications with extend-term only accounted for 67 percent of all loan&#160;modifications during the month.</li><li>The number of borrowers who received payment deferrals after completing a COVID-19&#160;related forbearance plan decreased from 44,575 in&#160;December 2020&#160;to 38,976 in January 2021.<br></li><li>Initiated forbearance plans decreased 23 percent from 61,929 in December to 47,866 in January. The total number of loans in forbearance plan also decreased from 804,559 at the end of December 2020 to 771,369 at the end of January 2021, representing approximately 2.6% of the total loans serviced, and 68 percent of the total delinquent loans.</li><li>There were&#160;232 short sales and deeds-in-lieu of foreclosure completed in January 2021, down 14 percent compared with December 2020.</li></ul></div><div> <strong>The Enterprises' Mortgage Performance&#58;&#160;</strong></div><div><ul><li>The 30-59 days delinquency rate decreased to 0.90 percent, while the serious delinquency rate dropped from 2.78 percent at the end of December to 2.70 percent at the end of January.</li></ul></div><div> <strong>The Enterprises' Foreclosures&#58;</strong><br></div><div><ul><li>​Third-party and foreclosure sales increased&#160;6 percent to&#160;624 while foreclosure starts&#160;decreased&#160;9 percent to&#160;2,076 in January.<br></li></ul></div><h2>January&#160;2021 Highlights - Refinance Activities</h2><div><ul><li>Total refinance volume rose in January 2021 amid historic low mortgage rates through December. Mortgage rates increased in January&#58; the average interest rate on a 30-year fixed rate mortgage rose to 2.74 percent from 2.68 percent in December.</li><li>In January, 10 refinances were completed through the High LTV Refinance Option, bringing total refinances through the High LTV Refinance Option from the inception of the program to 150.</li><li>The percentage of cash-out refinances decreased to 27 percent in January from 29 percent in December, remaining below the levels observed in the previous few years. Mortgage rates have reached historic low levels, creating more opportunities for non cash-out borrowers to refinance at lower rates and lower their monthly payments.<br></li></ul></div>4/16/2021 2:45:39 PMHome / About FHFA / Reports / Foreclosure Prevention, Refinance and FPM Report - January 2021 Foreclosure 350https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Freedom of Information Act (FOIA) Report - FY 202033178<p>​The FOIA requires each federal agency to submit an Annual Report to the Attorney General each year.&#160; These reports contain detailed statistics on the numbers of requests received and processed by each agency, the time taken to respond, and the outcome of each request, as well as many other vital statistics regarding the administration of the FOIA at federal departments and agencies.</p>4/1/2021 2:30:21 PMHome / About FHFA / Reports / Freedom of Information Act (FOIA) Report - FY 2020 FOIA Annual Report 279https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Office of Minority and Women Inclusion Annual Report to Congress - 202033168<p>​The Federal Housing Finance Agency (FHFA or Agency) was created as an independent agency by the Housing and Economic Recovery Act of 2008&#160;(HERA) to regulate and supervise the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, “Enterprises”), and the Federal Home Loan Bank System, which includes 11 Federal Home Loan Banks (FHLBanks) and its fiscal agent, the Office of Finance (collectively, the regulated entities).&#160;The Agency’s mission is to ensure that the regulated entities operate in a safe and sound manner to foster competitive, liquid, efficient, and resilient national housing finance markets that support sustainable homeownership and affordable rental housing. Since 2008, FHFA has also served as the conservator of the Enterprises. FHFA’s functions are carried out by 11 divisions and offices at its headquarters in Washington, DC. FHFA’s Office of Inspector General is also located on-site.<br></p><p>On January 21, 2011, FHFA established its Office of Minority and Women Inclusion (OMWI) consistent with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act).&#160;OMWI is responsible for leading the Agency’s efforts to advance diversity and inclusion (or D&amp;I), by developing and implementing standards for&#58;<br></p><ul><li>Equal employment opportunity (EEO) and the racial, ethnic, and gender diversity of the Agency’s workforce, including senior management;</li><li>Increased participation of minority- and women-owned businesses (MWOBs) in Agency programs and contracts, and standards for coordinating technical assistance to such businesses; and</li><li>Assessing the diversity policies and practices of the regulated entities.</li></ul><p>FHFA is among eight federal financial agencies, seven of which are collectively referred to as the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) agencies&#160;that the Dodd-Frank Act requires to submit an annual report to Congress containing the following information&#58;<br></p><ul><li>A statement of the total amounts paid by the Agency to contractors since the previous report;</li><li>The percentage of the amounts paid to contractors that are MWOBs;</li><li>The successes achieved and challenges faced by the Agency in operating minority and women outreach programs;</li><li>The challenges the Agency may face in hiring minority and women employees and contracting with qualified MWOBs; and</li><li>​Any other information, findings, conclusions, and recommendations for legislative or Agency action, as the OMWI Director determines appropriate.<br></li></ul>3/31/2021 3:00:53 PMHome / About FHFA / Reports / Office of Minority and Women Inclusion Annual Report to Congress - 2020 The Federal Housing Finance Agency (FHFA or Agency) was created as an 412https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 1.0 Percent in January; Up 12.0 Percent from Last Year33157<p>​<strong>Washington, D.C. </strong>– House prices rose nationwide in January, up <strong>1.0 percent</strong> from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI<sup>®</sup>). &#160;House prices rose <strong>12.0 percent </strong>from January 2020 to January 2021. The previously reported 1.1 percent price change for December 2020 was revised upward to 1.2 percent.&#160;</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from December 2020 to January 2021 ranged from -<strong>0.2 percent</strong> in the East South Central division to +<strong>1.5 percent</strong> in the Mountain division.&#160; The 12-month changes ranged from +<strong>10.2 percent</strong> in the West South Central division to +<strong>14.8 percent</strong> in the Mountain division.&#160;</p><p>“While house prices experienced historic growth rates in 2020 and into the new year, the monthly gains appear to be moderating&quot; said Dr. Lynn Fisher, FHFA's Deputy Director of the Division of Research and Statistics. “House prices increased by 1.0 percent in January, which is relatively still high, but represents the smallest month-over-month gain since June 2020.&quot;&#160;</p><p>The FHFA HPI is the nation's only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities that extend back to the mid-1970s.&#160; The FHFA HPI incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels.&#160; FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.&#160;</p><p>FHFA releases HPI data and reports on a quarterly and monthly basis.&#160; The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac.&#160; Additional indexes use other data including refinances, FHA mortgages, and real property records.&#160; All the indexes, including their historic values, and information about future HPI release dates are available on FHFA's website&#58; <a href="/DataTools/Downloads/Pages/House-Price-Index.aspx"> https&#58;//www.fhfa.gov/HPI</a>.&#160;</p><p>FHFA will release its next HPI report on April 27, 2021 with monthly data through February 2021.&#160; </p>3/30/2021 1:00:55 PMWashington, D.C. – House prices rose nationwide in January, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index 2077https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
No FEAR Act Annual Report to Congress FY 202033155<p>​​This report primarily focuses on Fiscal Year (FY) 2020 but also includes the five-year reporting period between FY 2016 and FY 2020. 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 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>3/29/2021 6:00:40 PMHome / About FHFA / Reports / No FEAR Act Annual Report to Congress FY 2020 No FEAR Report 297https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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