This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
Read about the agency’s 2018 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.
Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2018 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
FHFA experts provide reliable data, including all states, about activity in the U.S. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Language Translation Disclosure
Five federal agencies today announced a final rule exempting certain commercial and financial end users from margin requirements for certain swaps not cleared through a clearinghouse. The exemptions were first adopted by interim final rule published in the Federal Register in November 2015 with a request for public comment. The final rule discusses the comments received and adopts the earlier interim final rule as final without change.
In a separate rulemaking published in November 2015, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, and the Farm Credit Administration (collectively, the “Agencies”) established initial and variation margin requirements for non-cleared swaps, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The final rule being announced today exempts from the Agencies’ margin requirements the non-cleared swaps of commercial end users, small banks, savings associations, Farm Credit System institutions, and credit unions with $10 billion or less in total assets. Additionally, the non-cleared swaps of certain treasury affiliates, certain financial cooperatives, and captive finance companies also are exempted from the Agencies’ margin requirements. In all cases, the non-cleared swaps must hedge or mitigate commercial risk of these counterparties and satisfy the rule’s requirements for an exemption from mandatory clearing.
The final rule implements a law passed by the U.S. Congress in January 2015.
FCA FDIC FHFA Federal Reserve Board OCC
Christine Quinn Greg Hernandez Stefanie Johnson Eric KolligStephanie Collins
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