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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.


I want to:

  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 / PD​F

​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. 


 

 

 







 

​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 Ho​using and Urban Development.

GPO Text / PDF

​Find regulations pertaining to FHFA supervision at eCFR.

CONGRESSIONAL LETTERS​​​​

 

 

 Related Information

 

 

Foreclosure Prevention Report - October 201724234<h2 style="margin&#58;0px;font-weight&#58;900;font-family&#58;lato, sans-serif;color&#58;#404040;font-size&#58;22px;border&#58;0px;font-stretch&#58;inherit;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;">​October 2017&#160;Highlights<br></h2><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosure Prevention Actions&#58; &#160;&#160;&#160;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">The Enterprises completed 18,034&#160;foreclosure prevention actions in October, bringing the total to 3,990,723&#160;since the start of the conservatorships in September 2008. Over half of these actions have been permanent loan modifications.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">There were 11,010&#160;permanent loan modifications in October, bringing the total to 2,129,220&#160;since the conservatorships began in September 2008.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Thirty nine percent&#160;of modifications in October were modifications with principal forbearance. Modifications with&#160;extend-term only accounted for 44 percent of&#160;all loan modifications during the month.</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">There were 1,147 short sales and deeds-in-lieu&#160;of foreclosure completed in October, down slightly compared with September.<br></li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Mortgage Performance&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">The serious delinquency rate remained flat at 0.95&#160;percent at the end of October.</li></ul><p style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;22px;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;padding&#58;0px;background-color&#58;#ffffff;color&#58;#404040 !important;"><span style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;font-size&#58;inherit;line-height&#58;inherit;font-family&#58;inherit;vertical-align&#58;baseline;margin&#58;0px;padding&#58;0px;font-weight&#58;700 !important;">The Enterprises' Foreclosures&#58;</span></p><ul style="border&#58;0px;font-stretch&#58;inherit;font-size&#58;14px;line-height&#58;inherit;font-family&#58;&quot;source sans pro&quot;, sans-serif;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px;list-style-position&#58;initial;list-style-image&#58;initial;background-color&#58;#ffffff;"><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Third-party and foreclosure sales decreased from 4,905 in September to 4,776&#160;in October.&#160;</li><li style="border&#58;0px;font-style&#58;inherit;font-variant&#58;inherit;font-stretch&#58;inherit;line-height&#58;16px;vertical-align&#58;baseline;margin&#58;0px 0px 0px 20px;padding&#58;0px 0px 10px;">Foreclosure starts increased from 12,830 in September to 13,601&#160;in October.<br></li></ul><p><br></p>1/18/2018 7:00:47 PM257https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Refinance Report - November 201724226<h2>November 2017 Highlights</h2><ul><br> <li>Total refinance volume increased in November 2017 as mortgage rates in October remained below the levels observed at the&#160;beginning of the year. Mortgage rates increased in November&#58; the average interest rate on a 30‐year fixed rate mortgage rose to 3.92 percent from 3.90 percent in October.<br></li></ul><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div><p>In November 2017&#58;</p></div></blockquote><div><ul><ul><li>Borrowers completed 2,123 refinances through HARP, bringing total refinances from the inception of the program to&#160;3,482,023.&#160;</li><li>HARP volume represented 1 percent of total refinance&#160;volume.&#160;</li><li>Five percent of the loans refinanced through HARP had a loan‐to‐value ratio greater than 125 percent.</li></ul></ul></div><blockquote style="margin&#58;0px 0px 0px 40px;padding&#58;0px;border&#58;currentcolor;"><div><p dir="ltr" style="text-align&#58;left;">Year to date through November 2017&#58;</p></div></blockquote><div><ul><ul><li>B<span style="text-align&#58;right;">orrowers with loan‐to‐value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans.</span></li><li>Twenty‐six percent of HARP refinances for underwater borrowers were for shorter‐term 15‐ and 20‐year mortgages, which build equity faster than traditional 30‐year mortgages.</li><li>HARP refinances represented 5 or more percent of total refinances in Nevada and Florida ‐‐ more than double the 2 percent of total refinances nationwide over the same period.<br></li></ul></ul><ul><li>Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not&#160;refinance&#160;through the program.<br></li><li>Nine states and one U.S. territory accounted for over 60 percent&#160;of the nation's HARP eligible loans with a refinance incentive as of&#160;June 30, 2017.<br></li></ul><p></p><p></p></div><div><p></p><p> <span style="text-align&#58;right;"></span></p></div>1/16/2018 6:00:43 PM388https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA House Price Index Up 0.5 Percent in October23697<p><strong>Washington, D.C.</strong> – U.S. house prices rose in October, up <strong>0.5 percent</strong> from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in September was revised upward to 0.5 percent.&#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. From October 2016 to October 2017, house prices were up <strong>6.6 percent</strong>.&#160;</p><p> For the nine census divisions, seasonally adjusted monthly price changes from September 2017 to October 2017 ranged from -0.4 percent in the West North Central division to <strong>+2.8 percent</strong> in the East South Central division. The 12-month changes were all positive, ranging from <strong>+4.8 percent </strong>in the West North Central division to <strong>+8.7 percent</strong> in the Pacific division.&#160;<br></p><p> Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages. Complete historical downloadable data and HPI release dates for 2018 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>. The next HPI report will be released January 24, 2018 and will include monthly data through November 2017. </p>12/21/2017 2:00:28 PM1021https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
U.S. House Price Index Report - October 201723749<p>The FHFA House Price Index (HPI) reported&#160; a&#160;0.5 percent&#160; increase in U.S. house prices in October&#160;from the previous month.&#160; According to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI), the previously reported 0.3 percent increase in September was revised upward to 0.5 percent.&#160;&#160;From October 2016 to October 2017, house prices were up 6.6 percent.&#160; For the nine census divisions, seasonally adjusted monthly price changes from September 2017 to October 2017 ranged from -0.4 percent in the West North Central division to +2.8 percent in the East South Central division. The 12-month changes were all positive, ranging from +4.8 percent in the West North Central division to +8.7 percent in the Pacific division.&#160;&#160;</p><p>Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs in the attachment.<br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-0pt5-Percent-in-October-2017.aspx">Related News Release</a>&#160;<br></p>12/21/2017 2:00:30 PM1711https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention Report - Third Quarter 201723753<h2>Third Quarter 2017 Highlights<br></h2><p><strong>The Enterprises' Foreclosure Prevention Actions&#58;</strong><br></p><ul><li>The Enterprises completed 41,465 foreclosure prevention actions in the third quarter of 2017, bringing the total to 3,972,689 since the start of conservatorships in September 2008. Of these actions, 3,293,272 have helped troubled homeowners stay in their homes, including 2,118,210 permanent loan modifications.<br></li><li>Thirty three percent of modifications in the third quarter were modifications with principal forbearance. Modifications with extend-term only accounted for 47 percent of all loan modifications during the quarter.<br></li><li>As of September 30, 2017, approximately 22 percent of loans modified in the third quarter of 2016 had missed two or more payments, one year after modification.<br></li><li>There were 3,658 completed short sales and deeds-in-lieu during the quarter, bringing the total to 679,417 since the conservatorships began in September in 2008.<br></li></ul><p><strong>The Enterprises' Mortgage Performance&#58;</strong><br></p><ul><li>The number of early stage (30-59 days) delinquent loans rose 25 percent in the third quarter primarily as a result of the impact of Hurricanes Harvey, Irma and Maria.<br></li><li>The Enterprises' serious delinquency rate remained flat at 0.95 percent at the end of the third quarter. This compared with 3.9 percent for Federal Housing Administration (FHA) loans, 2.1 percent for Veterans Affairs (VA) loans, and 2.5 percent for all loans (industry average).<br></li></ul><p><strong>The Enterprises' Foreclosures&#58;</strong><br></p><ul><li>Foreclosure starts fell 5 percent to 42,737, and third-party and foreclosure sales decreased 11 percent to 15,634 in the third quarter.<br></li></ul><p></p><p></p><p>For an interactive online map that provides state data, click on the following link&#58; <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map</a><br></p><p><a href="/Media/PublicAffairs/Pages/FHFA-Third-Quarter-Foreclosure-Prevention-Report-Shows-Foreclosure-Preventions-Top-3pt9-Million.aspx">Related News Release</a><br></p>12/21/2017 4:00:31 PM311https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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