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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)



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 Further Extends COVID-Related Loan Flexibilities31699<p> <strong>​Washington, D.C.</strong>&#160;– The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until February 28, 2021.&#160;The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31, 2021.</p><p>Extended flexibilities include&#58;</p><ul><li>Alternative appraisals on purchase and rate term refinance loans;</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><p>FHFA will continue to monitor the coronavirus situation and update policies as needed. To understand the protections and assistance the government is offering people having trouble paying their mortgage, please visit the joint Department of Housing and Urban Development, FHFA, and the Consumer Financial Protection Bureau website at&#160;<a href="http&#58;//www.cfpb.gov/housing">cfpb.gov/housing</a>.</p>1/14/2021 5:00:42 PMHome / Media / FHFA Further Extends COVID-Related Loan Flexibilities News Release 1721https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces Fannie Mae's and Freddie Mac's Duty to Serve Underserved Markets Plans for 202131603<p> <strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.&#160; The Plans became effective January 1, 2021.</p><p>FHFA issued a&#160;<a href="/Media/PublicAffairs/Pages/FHFA-Issues-Final-Rule-on-Fannie-Mae-and-Freddie-Mac-Duty-to-Serve-Underserved-Markets.aspx">final rule</a>&#160;in 2016 that implemented the DTS provisions as 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 financing for very low-, low-, and moderate-income families.&#160;&#160;</p><p>Under ordinary circumstances, each Enterprise would have submitted a three-year Plan for 2021-2023 in accordance with the DTS mandate.&#160; Due to potential market disruption and uncertainty as a result of the COVID-19 pandemic, FHFA instructed the Enterprises to submit Plans for one year (2021) only, as an extension of their 2018-2020 Plans.&#160; </p><p>The activities outlined by the Enterprises to achieve Plan objectives will remain subject to FHFA review and approval to ensure compliance with the Enterprises' Charter Acts, safety and soundness measures, and other conservatorship and regulatory requirements.</p><p>FHFA published the Plans today on its dedicated webpage,&#160;<a href="/PolicyProgramsResearch/Programs/Pages/Duty-to-Serve.aspx">www.fhfa.gov/DTS</a>.&#160;</p><p><a href="/PolicyProgramsResearch/Programs/Documents/FannieMaeDTSPlan_2018-2021.pdf">View Fannie Mae's Underserved Markets Plan</a></p><p><a href="/PolicyProgramsResearch/Programs/Documents/FreddieMacDTSPlan_2018-2021.pdf">View Freddie Mac's Underserved Markets Plan</a></p>1/5/2021 7:00:29 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to 2068https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Performance Plan - FY 202131593<p>The Fiscal Year (FY) 2021 Annual Performance Plan (APP) supports the <a href="/AboutUs/Reports/Pages/FHFA-Strategic-Plan-Fiscal-Years-2021-to-2024-Final.aspx">FHFA Strategic Plan&#58; Fiscal Years 2021–2024 </a> (Strategic Plan), which was issued in October 2020.&#160; The APP sets out performance measures and targets in support of the goals in the Strategic Plan.</p><p>FHFA’s APP has four components&#58; (1) strategic goals; (2) strategic objectives; (3) performance measures and associated targets; and (4) means and strategies to accomplish the performance goals.</p><p>The strategic goals, which are outlined in the Strategic Plan, are the starting point for the FY 2021 APP. The nexus between the Strategic Plan and the APP helps to ensure that FHFA priorities are integrated with the Agency’s mission.</p>1/4/2021 2:55:25 PMHome / About FHFA / Reports / Annual Performance Plan - FY 2021 FHFA Annual Performance Plan 846https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Issues RFI on Appraisal-Related Policies, Practices, and Processes31587<p><strong>​Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on appraisal-related policies, practices, and processes. The input received in response to the RFI will be used by FHFA to determine the necessary modifications needed to ensure Fannie Mae and Freddie Mac (the Enterprises) operate in a safe and sound manner. </p><p>“Modernizing the appraisal process has the potential to create a more streamlined and accurate collateral valuation process. But if modernization is not properly adopted, it could have negative unintended consequences,&quot; said Director Mark Calabria. “Today's RFI will improve FHFA's understanding of how the Enterprises can improve the appraisal process while at the same time ensuring they don't take on unintended or inappropriate levels of risk. The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.&quot; </p><p>The RFI covers four areas related to appraisals&#58;</p><ul><li><p>Appraisal modernization; </p></li><li><p>The Uniform Appraisal Dataset (UAD) and the design of appraisal forms;</p></li><li><p>Automated Valuation Models (AVMs) and appraisal waivers; and </p></li><li><p>Valuation differences by borrower and neighborhood ethnic makeup. </p></li></ul><p>FHFA <a href="/AboutUs/Contact/Pages/Request-for-Information-Form.aspx">invites feedback</a> on all the questions in the RFI within 60 days of the publication of this document, no later than February 26, 2021.&#160; </p><p><a href="/Media/PublicAffairs/PublicAffairsDocuments/RFI-Appraisal-Related-Policies.pdf">RFI</a>&#160;</p>12/28/2020 5:00:35 PMHome / Media / FHFA Issues RFI on Appraisal-Related Policies, Practices, and Processes News Release 4087https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 1.5 Percent in October; Up 10.2 Percent from Last Year31577<p> <strong>Washington, D.C.</strong> – House prices rose nationwide in October, up <strong>1.5</strong> percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). &#160;House prices rose <strong>10.2</strong> percent from October 2019 to October 2020. The previously reported 1.7 percent price change for September 2020 remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from September 2020 to October 2020 ranged from <strong>+0.9</strong> percent in the West North Central and East South Central divisions to <strong>+2.1</strong> percent in the New England division.&#160; The 12-month changes ranged from <strong>+8.4</strong> percent in the West South Central division to <strong>+12.5</strong> percent in the Mountain and New England divisions.</p><p>“U.S. house prices rose for the fifth straight month since states re-opened their local economies,&quot; said Dr. Lynn Fisher, FHFA's Deputy Director of the Division of Research and Statistics. “The 12-month gain of 10.2 percent in October is the highest annual appreciation observed since the 2004-2005 period. Extremely low mortgage rates and a limited supply of homes for sale continue to propel price gains. The data do not yet reflect renewals of some local and state COVID-19 restrictions.&quot;</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.</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></p><p>FHFA will release its next HPI report on January 26, 2021 with monthly data through November 2020.&#160; </p>12/23/2020 2:01:07 PMWashington, D.C. – House prices rose nationwide in October, up 1.5 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index 974https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx

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