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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.

  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 / 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 Requests Public Input on Fannie Mae and Freddie Mac's Proposed Duty to Serve Plan Modifications25841<p> <strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency's consideration of proposed modifications to Fannie Mae and Freddie Mac's (the Enterprises) 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve program.&#160; </p><p>The Duty to Serve regulation allows an Enterprise to request to modify its Plan at any time. &#160;However, FHFA must provide a non-objection to a proposed modification for them to become part of an Enterprise's Plan.&#160; FHFA has determined that public input would be helpful in considering four of Fannie Mae's twenty-two proposed modifications that would each make a substantial change to the content of its Plan.&#160; Freddie Mac has submitted one modification that FHFA considers to be a modest correction and, as a result, FHFA is not seeking public input on this proposal.&#160; Enterprise technical edits are not subject to public input or FHFA's Non-Objection.</p><p>FHFA requests public input on the <a href="/PolicyProgramsResearch/Programs/Documents/ModificationsRFI.pdf">proposed modifications</a> to the 2018-2020 Underserved Markets Plan by Nov. 2, 2018 via the dedicated Duty to Serve page on FHFA's website at <a href="/DTS">www.FHFA.gov/DTS</a> or via mail to FHFA Division of Housing Mission and Goals, Seventh Floor, 400 Seventh Street SW, Washington D.C. 20219.</p><p> <strong>About Duty to Serve</strong></p><p>FHFA issued a <a href="/Media/PublicAffairs/Pages/FHFA-Issues-Final-Rule-on-Fannie-Mae-and-Freddie-Mac-Duty-to-Serve-Underserved-Markets.aspx">final rule</a> on Dec. 13, 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic Recovery Act of 2008.&#160; The statute requires the Enterprises to serve three specified underserved markets – manufactured housing, affordable housing preservation, and rural housing – by increasing the liquidity of mortgage investments and improving the distribution of investment capital available for mortgage financing for very low-, low-, and moderate-income families in these markets.&#160; </p><p>The rule requires each Enterprise to adopt a three-year Underserved Markets Plan detailing the specific objectives and activities they plan to implement to fulfill this mandate.&#160; The activities proposed by the Enterprises will continue to be subject to FHFA review and non-objection to ensure compliance with the Enterprises' charter acts, safety and soundness standards, and other conservatorship and regulatory requirements.&#160; These Plans went into effect on Jan. 1, 2018.&#160; </p><p style="margin&#58;0in 0in 0pt;"> <a href="/PolicyProgramsResearch/Programs/Pages/DTSPlanModificationsRFI.aspx"> Submit Input</a> <br> <br> <a href="/PolicyProgramsResearch/Programs/Documents/ModificationsRFI.pdf">View the RFI (PDF)</a><br><br> Learn more at <a href="/DTS">www.FHFA.gov/DTS</a>.</p>10/3/2018 2:00:09 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency's consideration of proposed modifications to 1383https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 201925817<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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">The Fiscal Year (FY) 2019 Annual Performance Plan (APP) supports the <a href="/AboutUs/Reports/ReportDocuments/StratPlan_Final_1292018.pdf"><em style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;line-height&#58;inherit;font-family&#58;inherit;font-size&#58;inherit;font-style&#58;italic !important;font-variant&#58;inherit;vertical-align&#58;baseline;font-stretch&#58;inherit;"><strong>FHFA Strategic Plan&#58; Fiscal Years 2018–2022</strong></em></a>&#160; (Strategic Plan), which was issued in January 2018. &#160;The APP sets out performance measures and targets in support of the goals in the Strategic Plan.</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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">FHFA’s APP has four components&#58; (1) strategic goals; (2) performance goals; (3) performance measures and associated targets; and (4) means and strategies to accomplish the performance goals.</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;400;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;text-decoration-style&#58;initial;text-decoration-color&#58;initial;">The strategic goals, which are outlined in the Strategic Plan, are the starting point for the FY 2019 APP. The nexus between the Strategic Plan and the APP helps to ensure that FHFA priorities are integrated with the Agency’s mission.</p>10/1/2018 7:35:57 PMHome / About FHFA / Reports / Annual Performance Plan - FY 2019 FHFA Annual Performance Plan 502https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
2017 Low-Income Housing and Community Development Activities of the Federal Home Loan Banks25809<p>​<span style="margin&#58;0px;padding&#58;0px;border&#58;0px currentcolor;color&#58;#404040;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;vertical-align&#58;baseline;font-stretch&#58;inherit;background-color&#58;#ffffff;">FHFA is required to monitor and report annually on the Federal Home Loan Banks' support of their low-income housing and community development activities to the Federal Home Loan Banks' Advisory Councils.&#160; This report fulfills that requirement.</span></p>9/28/2018 2:00:28 PMFHFA is required to monitor and report annually on the Federal Home Loan Banks' support of their low-income housing and community development activities to the Federal Home Loan 208https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Index Shows Mortgage Rates Increased in August25805<p><strong>​​Washington, D.C. </strong>- Nationally, interest rates on conventional purchase-money mortgages increased from July to August, according to several indices of new mortgage contracts.<br></p><p><strong>The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index </strong>was 4.63 percent for loans closed in late August, up 3 basis points from 4.60 percent in July.</p><p><strong>The average interest rate on all mortgage loans</strong> was 4.63 percent, up 2 basis points from 4.61 in July.</p><p><strong>The average interest rate on conventional, 30-year, fixed-rate mortgages of $453,100 or less</strong> was 4.78 percent, up 1 basis point from 4.77 in July.&#160;<br></p><p><strong>The effective interest rate on all mortgage loans </strong>was 4.71 percent in August, unchanged from 4.71 in July. The effective interest ​rate accounts for the addition of initial fees and charges over the life of the mortgage.<br></p><p><strong>The average loan amount</strong> for all loans was $318,600 in August, down $3,100 from $321,700 in July.</p><p>FHFA will release September index values Thursday, October 25, 2018.<br></p><p>For more information, call David Roderer at (202) 649-3206. To hear recorded index information, call (202)649-3993. To find the complete contract rate series, go to <a href="/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx">www.fhfa.gov/DataTools/Downloads/Pages/Monthly-Interest-Rate-Data.aspx</a>.<img src="/Media/PublicAffairs/PublishingImages/Pages/Forms/EditForm/NACM_9272018.PNG" alt="NACM_9272018.PNG" style="font-family&#58;&quot;source sans pro&quot;, sans-serif;font-size&#58;14px;font-weight&#58;400;text-align&#58;center;margin&#58;5px;" /><br></p><p>Source&#58; FHFA<br></p><p>​Technical note&#58; The indices are based on a small monthly survey of mortgage lenders, which may not be representative.&#160; The sample is not a statistical sample but is rather a convenience sample.&#160; Survey respondents were asked to report terms and conditions of all conventional, single-family, fully amortized purchase-money loans closed during the last five working days of the month.&#160; Unless otherwise specified, the indices include 15-year mortgages and adjustable-rate mortgages.&#160; The indices do not include mortgages guaranteed or insured by either the Federal Housing Administration or the U.S. Department of Veterans Affairs.&#160; The indices also exclude refinancing loans and balloon loans.&#160; August 2018 values are based on 4,930 reported loans from 16 lenders, which include savings associations, mortgage companies, commercial banks, and mutual savings banks.<br></p>9/27/2018 12:30:12 PMHome / Media / FHFA Index Shows Mortgage Rates Increased in August News Release 781https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligibility Requirements25807<p><strong>Washington, D.C. </strong>– The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac (the Enterprises) have published revised Private Mortgage Insurer Eligibility Requirements (PMIERs) for private mortgage insurance companies that insure mortgage loans either owned or guaranteed by the Enterprises.&#160; As Conservator to the Enterprises, FHFA directed the Enterprises to strengthen their risk management requirements for mortgage insurance counterparties.&#160; In April 2015, the Enterprises published financial and operational eligibility requirements that private mortgage insurers must meet to receive approved insurer status with the Enterprises.&#160; Those requirements became effective December 31, 2015.&#160; </p><p>The revised eligibility requirements reflect changes to the financial and operational requirements for the Enterprises' mortgage insurance counterparties.&#160; The revised eligibility requirements become effective on March 31, 2019.</p><p>“Periodic reviews and updates to the PMIERs reduce the Enterprises' risks and protects taxpayers,&quot; said FHFA Director Melvin L. Watt.&#160; “The updated requirements incorporate feedback from the mortgage insurance industry and also fulfill a key Scorecard priority for the Enterprises.&quot;</p><p><a href="http&#58;//www.fanniemae.com/portal/media/statements/2018/statement-schaefer-pmi-requirements-092718-6766.html">Fannie Mae Statement</a></p><p><a href="https&#58;//freddiemac.gcs-web.com/news-releases/news-release-details/freddie-mac-statement-revised-primary-mortgage-insurer">Freddie Mac Statement</a></p>9/27/2018 8:15:46 PMWashington, D.C. – The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac (the Enterprises) have published revised Private Mortgage Insurer Eligibility 2215https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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