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 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.
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
Federal law requires the Federal Housing Finance Agency (FHFA) to issue a regulation to implement the Duty to Serve requirements specified in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. The statute requires Fannie Mae and Freddie Mac (Enterprises) to provide leadership to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in three specified underserved markets:
FHFA published the final Evaluation Guidance for the Duty to Serve Program on November 29, 2017. The Proposed Evaluation Guidance was posted for public input from January 13, 2017 to June 7, 2017 and the comments received were considered in developing the final Evaluation Guidance.
FHFA’s Evaluation Guidance communicates FHFA’s expectations regarding the process for developing Fannie Mae’s and Freddie Mac's Underserved Markets Plans and the standard for FHFA to issue a “Non-Objection” to the proposed Plans. The Evaluation Guidance also sets forth the process and standards by which FHFA will evaluate, and report annually to Congress, the Enterprises’ performance and achievements under their Plans.
Click to access datasets on rural areas, Indian tribe areas, high opportunity areas, and areas of concentrated poverty.
Duty to Serve Overview Video (2-22-2017) Potential Manufactured Home Chattel Loans Pilots (1-18-2017)Proposed Evaluation Guidance (1-13-2017)Final Rule (12-29-2016)Duty to Serve Program Fact Sheet (12-13-2016)Superseded Fannie Mae Proposed Underserved Markets Plan (5-8-2017) Superseded Freddie Mac Proposed Underserved Markets Plan (5-8-2017) Proposed Rule (12-18-2015)Proposed Rule Fact Sheet (12-15-2015)
Listening Session Overview Slides (2-9-2017)Listening Session Transcript – Webinar (2-9-2017)Listening Session Transcript – FHFA Headquarters (2-8-2017)Listening Session Transcript – Federal Reserve Bank of San Francisco (2-1-2017)Listening Session Transcript – Federal Reserve Bank of Chicago
(1-25-2017)Stakeholder Webinar Recording (12-19-2016)Stakeholder Webinar Transcript (12-19-2016)Stakeholder Webinar Slides (12-19-2016)
FHFA Publishes Fannie Mae's and Freddie Mac's Underserved Markets Plans for Duty to Serve (12-18-2017)FHFA Extends Public Input Period for Proposed Duty to Serve Evaluation Guidance (5-8-2017)FHFA Requests Public Input on Fannie Mae and Freddie Mac's Proposed Underserved Markets Plans for Duty to Serve Program (5-8-2017)Public Input on Potential Chattel Loan Pilot (2-8-2017)Public Input on Duty to Serve Program (1-18-2017)Fannie Mae Statement on FHFA Duty to Serve Final Rule (12-13-2016)Freddie Mac Statement on FHFA Duty to Serve Final Rule (12-13-2016)Final Rule(12-13-2016)Proposed Rule (12-15-2015)
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FHFA has published Fannie Mae’s and Freddie Mac’s final Underserved Markets Plans (Plans) below, which describe specific activities each Enterprise will undertake from 2018-2020 to fulfill their Duty to Serve obligations in each underserved market. The Enterprises submitted proposed Plans for public comment on May 8, 2017. FHFA and the Enterprises engaged in extensive stakeholder outreach to gather input, and updated the Plans after considering comments received.
FHFA issued Non-Objections to the Plans, as set forth in FHFA’s Evaluation Guidance. The Non-Objections do not constitute FHFA approval for the Enterprises to undertake any of the specific activities or objectives included in the Plans. Implementation of the activities and objectives in the Plans is subject to FHFA review for compliance with the Enterprises’ Charter Acts, specific FHFA approval requirements, safety and soundness standards and market or economic conditions, as applicable. Fannie Mae and Freddie Mac may begin actions to receive Duty to Serve credit under their Plans on January 1, 2018.
Fannie Mae Final Underserved Markets Plan (12-18-2017) Freddie Mac Final Underserved Markets Plan (12-18-2017)FHFA’s Final Underserved Markets Plans News Release (12-18-2017)
Fannie Mae Duty to Serve Website Freddie Mac Duty to Serve WebsiteFannie Mae Final Underserved Markets Plans News Release(12-18-2017)Freddie Mac Final Underserved Markets Plans News Release(12-18-2017)
Matt DouglasDuty to Serve Assistant Program ManagerJim Gray
Duty to Serve Program ManagerLeah P. KehoeDuty to Serve Policy Development SpecialistMary OwensDuty to Serve Affordable Multifamily SpecialistShiv RawalDuty to Serve Affordable Rural SpecialistGeenae R. Rivera Soto Duty to Serve Affordable Single-Family Specialist
Meet the Experts
© 2018 Federal Housing Finance Agency