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 2017 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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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 2018 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.
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Washington, D.C. – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today released FHFA’s 2013
Performance and Accountability Report (PAR) detailing the Agency’s progress as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the 12 Federal Home Loan Banks (FHLBs). The PAR discusses accomplishments, ongoing efforts to assist homeowners, challenges and continued efforts to meet FHFA’s strategic goals for FY 2013.
For the fifth consecutive year, FHFA received an unmodified, or "clean," audit opinion on its financial statements from the U.S. Government Accountability Office.
Key developments detailed in the PAR:
Provided results and conclusions of 2012 examinations of Fannie Mae, Freddie Mac and the FHLBs in FHFA’s annual Report to Congress. In their fourth year of conservatorships, the Enterprises were both deemed "critical concerns," but generated positive annual income for the first time since 2006. As of September 30, 2013, their cumulative draws under the Senior Preferred Stock Purchase Agreements with the U.S. Department of the Treasury totaled $187.5 billion and they have paid $146.6 billion in cash dividends to Treasury.
Established Common Securitization Solutions (CSS), a joint venture between Fannie Mae and Freddie Mac that will manage the development of the common securitization platform and associated data and legal infrastructure and a significant goal in FHFA’s Strategic Plan for Enterprise Conservatorships.
Achieved key FHFA 2013 Scorecard items, including Fannie Mae and Freddie Mac executing multiple risk-sharing transactions totaling more than $30 billion as a means for enticing the private sector to share single-family mortgage credit risk.
Worked with Fannie Mae and Freddie Mac to complete more than 2.97 million foreclosure prevention actions and kicked off a national public awareness campaign to educate eligible homeowners about the Home Affordable Refinance Program (HARP) to increase refinances. As of August, nearly 2.9 million homeowners had refinanced through HARP since the program’s inception.
Achieved third consecutive year of profitability for all 12 FHLBs in FY2013.
2013 Performance and Accountability Report
The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.7 trillion in funding for the U.S. mortgage markets and financial institutions.
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