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 2019 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...
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued its quarterly Prepayment Monitoring Reports with data through the first quarter of 2020. The prepayment reports support the continued success of Fannie Mae and Freddie Mac's (the Enterprises) Unified Mortgage Backed Securities (UMBS), contribute to the efficiency and liquidity of the secondary mortgage market, and provide transparency and insight to market participants about how FHFA monitors the prepayment rates of the Enterprises' "To-Be-Announced" (TBA)-eligible securities.
FHFA promotes consistency of prepayment rates through monthly monitoring and established guidelines for general alignment. As part of this effort, FHFA issued a Request for Input (RFI) on Enterprise Pooling Practices on November 4, 2019. After careful review of the comments received in response to the RFI, FHFA has directed the Enterprises to further align their practices for evaluating seller and servicer prepayment related activities. The alignment actions include creating:
FHFA has also instructed the Enterprises to recommend best practices for sellers and servicers in the evaluation and monitoring of broker and correspondent prepayment performance, including:
Since UMBS forward trading began in March 2019, over $43 trillion worth of UMBS trades have taken place in the TBA market. Market pricing indicates that Fannie Mae and Freddie Mac MBS are trading at parity, creating a more level and competitive secondary mortgage market. FHFA remains committed to furthering the success of UMBS and appreciates the engagement of commenters on the Pooling RFI, representing a wide range of views and perspectives that FHFA found informative.
Link to report
Media: Raffi Williams
© 2020 Federal Housing Finance Agency