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 2016 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 2016 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.
HARP - the Home Affordable Refinance Program was created by FHFA specifically to help homeowners current on their mortgage payments, but underwater on their mortgages.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector.
Meet the experts...
Key Topics pages provide information about FHFA's work on a range of issues facing the nation and highlight the most relevant related news releases, reports, statements and web pages on the respective topics.
The Honorable Melvin L. Watt of Charlotte, NC sworn in on January 6, 2014 to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Washington, DC – The Federal Housing Finance Agency (FHFA) today released An Update on the Structure of the Single Security. The Update details progress that has been made on the single mortgage-backed security that would be issued by Fannie Mae or Freddie Mac. Developing the Single Security is a key goal of FHFA's 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac. Finalizing the structure of the Single Security is a 2015 Scorecard item for both companies and for Common Securitization Solutions, LLC (CSS), the joint venture between Fannie Mae and Freddie Mac that is advancing the work on this project.
The Single Security project is intended to improve the overall liquidity of Fannie Mae and Freddie Mac mortgage-backed securities, and lower costs for borrowers and taxpayers. Last year, FHFA issued a Request for Input on all aspects of a proposed structure for the Single Security. This Update contains FHFA's decisions based on careful consideration of the responses and further dialogue with industry stakeholders. These decisions are generally consistent with the proposal set forth in the Request for Input.
"While the Single Security remains a multi-year initiative, we believe this Update represents another significant milestone we have reached in defining the structure and processes necessary to transition successfully to a Single Security," said FHFA Director Melvin L. Watt. "Our objective is to continue to make progress on building a new securitization infrastructure for Fannie Mae and Freddie Mac that is adaptable for use by other secondary market participants in the future. FHFA therefore invites additional feedback on the decisions about the Single Security structure described in this Update," Watt said.
Interested parties may submit additional input electronically via FHFA.gov, or to the Federal Housing Finance Agency, Office of Strategic Initiatives, 400 7th Street, S.W., Washington, DC 20024. All submissions received will be made public and posted to FHFA's website.
Link to An Update on the Structure of the Single Security
© 2017 Federal Housing Finance Agency