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Credit Risk Transfer

Information about Fannie Mae's and Freddie Mac's credit risk transfer programs.

Credit Scores


Deemed-Issuance Ratio

​IRS Revenue Procedure 2018-54 calls for FHFA to determine a deemed-issuance ratio for each calendar year based on the ratio of TBA-eligible securities issued by Fannie Mae and Freddie Mac during the 24-month period ending October 31 of the preceding year. 


​FHFA’s review of c​hanging Fannie Mae and Freddie Mac's credit score requirements.

Executive Compensation


Information about executive compensation for Federal Home Loan Bank directors and Fannie Mae's and Freddie Mac's senior executives.


Fannie Mae & Freddie Mac Affordable Housing Allocations

Details on Fannie Mae's and Freddie Mac's requirement to set aside an amount of new business purchases for the Housing Trust Fund and Capital Magnet Fund.

Fannie Mae & Freddie Mac Multifamily Business

Information and public input about Fannie Mae's and Freddie Mac's role in the multifamily business finance market. 

Fannie Mae & Freddie Mac Private Mortgage Insurer Eligibility Requirements (PMIERs)

Information about Fannie Mae's and Freddie Mac's Private Mortgage Insurer Eligibility Requirements.

Guarantee Fees

Information about Fannie Mae's and Freddie Mac's guarantee fees.

Language Access

Information about FHFA, Fannie Mae, and Freddie Mac's efforts to promote access to credit for borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process.

Mortgage Servicing

FHFA and Fannie Mae and Freddie Mac (the Enterprises) have jointly sought to promote servicing market liquidity and a positive borrower experience.  As part of these efforts, FHFA has directed the Enterprises to implement a number of structured initiatives throughout the years.

Non-Performing and Reperforming Loan Sales

Pilot Transparency


Information about FHFA’s requirements for the sale of non-performing and reperforming loans by Freddie Mac and Fannie Mae.

​​Information about new or "pilot" activities underta​ken by Freddie Mac and Fannie Mae.

Principal Reduction Modification

Information about targeted Principal Reduction Modification program FHFA has directed the Enterprises to implement.

Real Estate Owned (REO)

Information about new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac.

Representation and Warranty Framework

Information about Fannie Mae and Freddie Mac’s Representation and Warranty Framework

Single Security Initiative and Common Securitization Platform


Information and public input about the development of and planned issuance by Fannie Mae and Freddie Mac of a common, single mortgage-backed security to be known as the Uniform Mortgage-Backed Security and about the a new securitization infrastructure that will support their single-family mortgage securitization activities. FHFA

Tenant Protections

Information on resident-centered practices at multifamily properties backed by Fannie Mae and Freddie Mac.

Page Last Updated: January 3, 2024​​​​​​​​​​

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