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 2020 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
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.
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Washington, D.C. – Today,
FHFA sent a letter to the 11 Federal Home Loan Banks instructing them that, as of December 31, 2019, they should
stop purchasing investments in assets tied to LIBOR with a contractual maturity
beyond December 31, 2021. As of March 31, 2020, the Federal Home Loan Banks
should no longer enter into all other LIBOR-based transactions involving advances, debt, derivatives, or other products with maturities beyond
December 31, 2021, with only very limited exceptions granted by FHFA. While implementing the transition away from
LIBOR, FHFA will continue to examine the
impact of LIBOR-based transactions on all regulated entities.
FHFA Director Mark Calabria
said, “This is an important step in the transition away from LIBOR to a more
robust reference rate. Beginning this
process immediately and providing clear timelines will help the Federal Home
Loan Banks manage the risks associated with LIBOR in the most safe and sound
Link to Letter
Media: Cynthia Adcock (202) 649-3753
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