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 2022 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.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
Operate the business in a safe and sound manner.
Promote sustainable and equitable access to affordable housing.
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...
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the validation and approval of third-party credit score model(s) that can be used by Fannie Mae and Freddie Mac (the Enterprises). The rule implements the requirements in Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection Act enacted on May 24, 2018.
The regulation requires a four-phase process for validation and approval of credit score model(s):
“One of my priorities is to ensure that the American people have a safe and sound path to sustainable homeownership, which requires tools to accurately measure risk,” said FHFA Director Mark Calabria. “The final rule we are publishing today is an important step toward achieving that goal,” said Calabria.
The rule will become effective 60 days after publication in the Federal Register. Within 60 days of this effective date, FHFA will begin review of the materials the Enterprises plan to use in the public solicitation process. After FHFA approves those materials, the Enterprises will make details of the solicitation process publicly available. FHFA will determine the date that the initial solicitation will open for credit score model developers to apply. The Enterprises’ solicitation period will remain open for 120 days.
Link to Final Rule
Link to Fact Sheet
Media: Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
© 2023 Federal Housing Finance Agency