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 2020 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...
Q2. What areas are being aligned?
FHFA’s directive requires Fannie Mae and Freddie Mac to align in four key areas: (1) borrower contact, (2) delinquency management practices, (3) loan modifications and foreclosure alternatives, and (4) foreclosure timelines. Additionally, new monetary incentives and penalties are being introduced to reinforce effective servicer execution in these areas.Fannie Mae and Freddie Mac will require servicers to initiate contact as early as the third day following a missed payment.Servicers must make frequent efforts to establish a meaningful dialogue with the borrower to help the servicer understand the borrower’s circumstances and intentions and to inform and educate the borrowers of their options.Servicers will now utilize the same Borrower Solicitation Package for both Fannie Mae and Freddie Mac loans, to collect all information necessary to expeditiously consider the best alternative for a borrower’s circumstance. This approach will allow servicers to more quickly determine modification eligibility—either for the Making Home Affordable Program or for a Fannie Mae or Freddie Mac loan modification, or for another foreclosure alternative, such as a short sale or deed-in-lieu of foreclosure.
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