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.
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.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossary - Spanish / English
Language Translation Disclosure
In 2012, the Federal Housing Finance Agency (FHFA) initiated development of a credit risk transfer program intended to reduce Fannie Mae's and Freddie Mac’s (the Enterprises’) overall risk and, therefore, the risk they pose to taxpayers while in conservatorship. Fannie Mae and Freddie Mac implemented their credit risk transfer programs in 2013 and now transfer to private investors a substantial amount of the credit risk the Enterprises assume in targeted loan acquisitions. The programs include credit risk transfers via debt issuances, insurance/reinsurance transactions, senior-subordinate securitizations, and a variety of lender collateralized recourse transactions. As outlined in the annual Scorecard, the Enterprises continue to innovate and experiment with different structures and the scope of credit risk transfer as part of their efforts to reduce even more risk, where economically sensible.
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs (11/1/2018)
Credit Risk Transfer Progress Report Second Quarter 2018 (11/1/2018)
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs (3/29/2018)
Credit Risk Transfer Progress Report Fourth Quarter 2017 (3/29/2018)
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs (11/22/2017)
Credit Risk Transfer Progress Report Second Quarter 2017 (11/22/2017)
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs (7/26/2017)
Credit Risk Transfer Progress Report March 2017 (7/26/2017)
FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs (3/27/2017)
Credit Risk Transfer Progress Report (3/27/2017)
FHFA Extends Response Period for Credit Risk Transfer Request for Input (8/10/2016)
News Release about Progress Report & RFI (6/29/2016)
Single-Family Credit Risk Transfer Progress Report (6/29/2016)
Single-Family Credit Risk Transfer Request for Input (6/29/2016) Response period closed 10/13/2016
Review Input Submitted (select Single-Family Credit Risk Transfer in pull down menu)
2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions (12/15/2016)
2016 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions (12/17/15)
2015 Scorecard Progress Report (3/3/16)
All Scorecard Progress Reports
Overview of Fannie Mae and Freddie Mac Credit Risk Transfer Transactions (8/21/15)
FHFA Statements on Credit Risk Transfer
© 2019 Federal Housing Finance Agency