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.
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.
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
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking public comment on a proposed rule that would establish standards and criteria for the validation and approval of third-party credit score models used by Fannie Mae and Freddie Mac (the Enterprises). This proposed rule is required by Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115-174) enacted in May (the Act).
The proposed rule would establish a four-phase process for an Enterprise to validate and approve credit score models:
The Act does not require the Enterprises to use a third-party credit score model. However, if an Enterprise conditions the purchase of a mortgage loan on a borrower's credit score, that credit score must be produced by a model that has been validated and approved by the Enterprise based on the standards and criteria in the Act and FHFA regulations.
Before the Act's passage, FHFA had been actively evaluating the potential impact of a
new credit score model or models as part of an ongoing Conservatorship Scorecard Initiative. In July, FHFA
announced it would not make a decision on updating the credit score model used by the Enterprises and instead would shift its focus to implementing the steps required under the Act.
FHFA invites interested parties to submit comments on the proposed rule via FHFA.gov within 90 days of publication in the Federal Register or via mail to FHFA, Eighth Floor, 400 Seventh Street SW, Washington D.C. 20219. FHFA will also hold a webinar on Jan. 9 at 1 p.m. EST to explain the proposed rule and answer questions. Register for the webinar here.
Link to Proposed Rule
Link to Fact Sheet:
Proposed Rule on Validation and Approval of Credit Score Models
Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032Consumers: Consumer Communications or (202) 649-3811
© 2019 Federal Housing Finance Agency