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FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac

Agency also releases updated Enterprise fair lending data


​​​​​​​​​​​​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance Plans are designed to complement the initiatives outlined in FHFA’s Strategic Plan: Fiscal Years 2022–2026 that promote the Enterprises’ safety and soundness and foster housing finance markets that provide equitable access to affordable and sustainable housing.

“As we celebrate Fair Housing Month and the 55th Anniversary of the Fair Housing Act, we are reminded that every step taken towards bringing more equity into the housing finance system is a step in the right direction,” said FHFA Director Sandra L. Thompson. “In 2022, the Enterprises helped more than 834,000 households through various actions outlined in their Equitable Housing Finance Plans.”

Last year, the Enterprises released plans to identify and address barriers to sustainable housing opportunities, including the Enterprises' goals and actions to advance equity in housing finance for the next three years. Even after the landmark Fair Housing Act of 1968, the racial homeownership gap persists, with homeownership rates for households of color more than 24 percentage points lower than the rate among white households. All plan activities are subject to FHFA's review and oversight of any risks to, or impacts on, safety and soundness.

Updates to the Enterprises’ 2022-2024 Plans include, but are not limited to:

  • Inclusion of the Latino Housing Journey and actions to remove barriers experienced by Latino renters and homeowners in Fannie Mae’s plan;
  • Enhanced focus on ensuring existing borrowers receive fair loss mitigation support and outcomes through monitoring and developing strategies to close any gaps;
  • Provision of financial capabilities coaching to build credit and savings;
  • Support for locally-owned modular construction facilities in communities of color; and
  • Increases to the reach of Enterprise Special Purpose Credit Programs to support homeownership attainment and housing sustainability in underserved communities.

In addition, the Enterprises released performance reports that outlined their progress under their Equitable Housing Finance Plans during 2022 and actions they are taking to advance equity in their automated underwriting systems, such as the inclusion of rental payments and cash flow underwriting and the use of advanced statistical techniques to improve model fairness. FHFA also updated its Enterprise Fair Lending Data Dashboard with data through 2022 that categorizes single-family applications and loans by race and ethnicity.

Related Resources

FHFA's Fair Lending Oversight Program and Fair Lending Data Dashboards

Fannie Mae Equitable Housing Finance Plan

Freddie Mac Equitable Housing Finance Plan



​​The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.3 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube, Facebook, and LinkedIn.


​Adam Russell Adam.Russell@FHFA.gov

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