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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)

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 Provides Tenant Protections18933<p><strong>Washington, D.C. </strong>– Today, to help renters in multifamily properties stay in their homes and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to three months, for a total forbearance of up to six months. While the properties are in forbearance, the landlord must suspend all evictions for renters unable to pay rent. The forbearance extension is available for qualified properties with an Enterprise-backed multifamily mortgage experiencing a financial hardship due to the coronavirus national emergency.</p><p>If a forbearance is extended, once the forbearance period concludes the borrower may qualify for up to 24 months to repay the missed payments. Additionally, if the forbearance is extended, the repayment schedule is modified, or a new forbearance agreement is executed, the borrower is required to provide the following tenant protections during the repayment period&#58;</p><ul><li>Give the tenant at least a 30-day notice to vacate;</li><li>Not charge the tenant late fees or penalties for nonpayment of rent; and</li><li>Allow the tenant flexibility to repay back rent over time and not in a lump sum.</li></ul><p>“During the pandemic, FHFA has been focused on protecting renters and borrowers while ensuring the mortgage market functions as efficiently as possible,&quot; said Director Mark Calabria. “The multifamily mortgage forbearance extension announced today will help renters stay in their homes and help property owners retain their properties.&quot;&#160;</p><p>FHFA will continue to monitor the coronavirus' impact on renters, borrowers, and the mortgage market and update policies as needed. To understand the protections and assistance the government is offering, please visit the joint Department of Housing and Urban Development, FHFA, and the Consumer Financial Protection Bureau website at&#160; cfpb.gov/housing.</p>6/29/2020 1:30:36 PMHome / Media / FHFA Provides Tenant Protections News Release Washington, D.C. – Today, to help renters in 4133https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.2 Percent in April; Up 5.5 Percent from Last Year28201<p> <strong>​​​​Washington, D.C.</strong> – U.S. house prices rose in April, up <strong>0.2 percent</strong> from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).&#160;House prices rose <strong>5.5 percent</strong> from April 2019 to April 2020.&#160;The previously reported <strong>0.1 percent </strong>increase for March 2020 remains unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly house price changes from March 2020 to April 2020 ranged from <strong>-0.5 percent </strong>in the South Atlantic division to <strong>+0.8 percent</strong> in the West South Central division.&#160;The 12-month changes were all positive, ranging from <strong>+5.0 percent</strong> in the Middle Atlantic division to <strong>+6.8 percent</strong> in the Mountain division.<br></p><p>“U.S. house prices posted another positive monthly increase in April,” according to Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. “Regionally, results varied.&#160;Two of the usually stronger growth areas, the Mountain and Pacific divisions, were flat over the month but other divisions continued to experience strong price appreciation even with all of the COVID-19 challenges.&#160;Both the New England and South Atlantic regions saw monthly decreases in prices, but all divisions posted positive year over year growth of at least 5 percent.&#160;The number of transactions used to estimate the HPI were slightly down from March to April but were still a robust sample.&#160;We expect the normal spring bump in sales was pushed off by the COVID-19 shutdowns and may extend into the summer months as states reopen and real estate sales pick back up.”<br></p><p>FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.&#160;The HPIs are built on tens of millions of home sales and offer insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels.&#160;The FHFA HPIs use a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze transaction data from Fannie Mae and Freddie Mac.&#160;FHFA releases data and reports on a quarterly and monthly basis.&#160;The flagship FHFA HPI uses seasonally adjusted, purchase-only data, unless otherwise noted.&#160;Additional indexes are based on other data including refinances, FHA mortgages, and real property records.&#160;All the indexes can be downloaded from the FHFA website.<br></p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the following pages.&#160; Downloadable data and HPI release dates for all of 2020 are available here&#58;&#160;<a href="/hpi">https&#58;//www.fhfa.gov/HPI</a>.&#160;<br></p><p> The next HPI report will be released July 22, 2020 with monthly data through May 2020.​<br></p>6/24/2020 1:00:47 PMHome / Media / FHFA House Price Index Up 0.2 Percent in April; Up 5.5 Percent from Last Year News Release 1491https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Releases 1st Quarter Foreclosure Prevention and Refinance Report for the Enterprises28112<p><strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today released its first quarter 2020 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 26,910 foreclosure prevention actions in the first quarter of 2020, bringing to 4.4 million the number of troubled homeowners who have been helped during conservatorships. Of these actions, 3.7 million of the foreclosure prevention actions have helped troubled homeowners stay in their homes.</p><p>Other report highlights include&#58;</p><ul><li>Forbearance&#58; newly initiated forbearance plans rose to 170,533 in the first quarter of 2020, up from 6,975 in the fourth quarter of 2019. A majority of the forbearance actions occurred as a result of the Enterprises' response COVID-19 impacts. </li><li>Loan Modifications&#58; of the 16,773 loan modifications completed, 38 percent reduced borrowers' monthly payments by more than 20 percent; 64 percent were extend-term only; and 23 percent were modifications with principal forbearance. </li><li>Foreclose starts and sales&#58;&#160; 7,704 third-party and foreclosure sales were completed, down 9 percent compared with the fourth quarter of 2019. </li><li>Foreclosure starts decreased 3 percent from 30,010 in the fourth quarter of 2019 to 28,978 in the first quarter of 2020. </li><li>Refinances&#58;&#160; increased to 747,464 in the first quarter, from 728,842 in the fourth quarter of 2019</li></ul><p>The Enterprises' serious (90 days or more) delinquency rate decreased to 0.64 percent at the end of the first quarter. This compared with 3.29 percent for Federal Housing Administration (FHA) loans, 1.80 percent for Veterans Affairs (VA) loans, and 1.67 percent for all loans (industry average).</p><p>FHFA's quarterly report also includes data on the Enterprises' mortgage performance, delinquency, home forfeiture actions and refinances by state.&#160; FHFA publishes the report data in an online, interactive <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx"><span style="text-decoration&#58;underline;">Borrower Assistance Map</span></a> on FHFA.gov.&#160;&#160;</p><p><a href="/AboutUs/Reports/Pages/Foreclosure-Prevention-Refinance-and-FPM-Report-First-Quarter-2020.aspx">Link to Report</a></p>6/23/2020 3:00:58 PMWashington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter 2020 Foreclosure Prevention and Refinance Report The report shows that Fannie Mae and 1281https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA to Re-Propose Updated Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers28057<p>​<strong>Washington, D.C. </strong>– Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the evolving COVID-19 national emergency. The original proposal was made on January 31, 2020 and will not be finalized and implemented this month as planned. </p>6/15/2020 2:00:33 PMWashington, D.C. – Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility 2366https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Annual Report to Congress - 201928062<p>​​​​​​The Federal Housing Finance Agency (FHFA) today released its 2019&#160;<a href="/AboutUs/Reports/ReportDocuments/FHFA_2019_Report-to-Congress.pdf"><em>Report to Congress</em></a>. The report meets the requirements of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. It provides information about FHFA's 2019&#160;examinations of Fannie Mae and Freddie Mac (the Enterprises), 11 Federal Home Loan Banks and the Federal Home Loan Banks' Office of Finance.&#160;The report also describes FHFA's actions as conservator of the Enterprises.<br></p><p> <span style="font-style&#58;normal;"> <a href="/Media/PublicAffairs/Pages/FHFA-Issues-2019-Report-to-Congress.aspx">Related News Release</a>​</span></p>6/15/2020 6:00:39 PMHome / About FHFA / Reports / Annual Report to Congress - 2019 Annual Report to Congress 947https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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