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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 / PD​F


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. 






​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 Ho​using and Urban Development.

GPO Text / PDF

​Find regulations pertaining to FHFA supervision at eCFR.




 Related Information



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 PM1197https://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 PM1410https://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 PM168https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Releases 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions21997<p>​<strong>Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today released the 2017 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac, and their joint venture, Common Securitization Solutions, LLC. &#160;The 2017 Scorecard furthers the goals outlined in FHFA’s<em>&#160;</em><a href="/AboutUs/Reports/Pages/2014-Conservatorships-Strategic-Plan.aspx"><em>Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac</em></a>, published in May 2014. &#160;These goals include&#58;</p><div><ul><li><strong>Maintain</strong>, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid, efficient, competitive and resilient national housing finance markets;&#160;<br></li><li><strong>Reduce </strong>taxpayer risk through increasing the role of private capital in the mortgage market; and&#160;<br></li><li><strong>Build </strong>a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.<br></li></ul></div><p>“The 2017 Scorecard will guide Fannie Mae, Freddie Mac and Common Securitization Solutions as they continue to build on the progress that has been made over the years in meeting the goals set forth in our Conservatorship Strategic Plan,” said FHFA Director Melvin L. Watt. &#160;“The goals and initiatives contemplated in the Scorecard strike what we believe is an appropriate balance between ensuring that these entities operate in a safe and sound manner while continuing to ensure that the housing finance market remains liquid and supports housing access for homeowners and renters.”</p><div><a href="/AboutUs/Reports/ReportDocuments/2017-Scorecard-for-Fannie-Mae-Freddie-Mac-and-CSS.pdf">Link to 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions</a></div><div><br></div>12/15/2016 3:30:22 PM1789https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
2017 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions21998<p>For all Scorecard items, Fannie Mae and Freddie Mac (the Enterprises) and Common Securitization Solutions will be assessed based on the following criteria&#58;</p><div><br></div><div><strong>Assessment Criteria</strong></div><div><strong><br></strong></div><div><ul><li>The extent to which each Enterprise conducts initiatives in a safe and sound manner consistent with FHFA’s expectations for all <span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">activities;</span><br></li><li>The extent to which the outcomes of their activities support a competitive and resilient secondary mortgage market to support homeowners and renters;<br></li><li>The extent to which each Enterprise c<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">onducts initiatives with consideration for diversity and inclusion consistent with FHFA’s expectations for all activities;&#160;</span><br></li><li>Cooperation and collaboration with FHFA, each ot<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">her, the industry, and other stakeholders; and</span><br></li><li>The quality, thoroughness, creativity, effectiveness, and timeliness of their work products.<span style="color&#58;#444444;font-family&#58;inherit;font-size&#58;inherit;font-weight&#58;inherit;">&#160;</span><br></li></ul></div><div><br></div>1/10/2017 8:13:08 PM1454https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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