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.
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.
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Since 2015, FHFA, Fannie Mae, and Freddie Mac (the Enterprises) have been evaluating the potential impact of updating the Enterprises’ credit score requirement from Classic FICO to another score(s). The assessment was limited to third party credit score models available at all three national consumer reporting agencies, also known as credit bureaus or credit reporting agencies (CRAs). The assessment was also limited to mortgage loan applications received from lenders and mortgage loans acquired by the Enterprises. The credit score models independently analyzed by the Enterprises were – Classic FICO, FICO 9, and VantageScore 3.0.
In December 2017, FHFA issued a Request for Input (RFI) to gather additional feedback from all interested parties impacted by a possible change in the Enterprise requirements. The RFI provided background information about how credit scores are used by the Enterprises and the mortgage industry, about the credit score models that FHFA and the Enterprises are evaluating, and about the credit score model options under consideration by FHFA. The RFI also provided a discussion of operational and competition considerations in making a decision about the Enterprises’ credit score requirements. Over 100 comments were submitted by the March 2018 deadline.
On July 23, 2018, FHFA announced that the Agency will not make a decision in 2018 about updating the credit score model used by the Enterprises as previously announced and, instead shifting focus to implementation of Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115-174) enacted in May (the Act). The Act requires FHFA to define, through rulemaking, the standards and criteria the Enterprises will use to validate credit score models.
Submit your questions to us via email.
FHFA Announces Decision to Stop Credit Score Initiative (7/23/2018)
News Release: FHFA Extends Deadline to March 30 for Request for Input on Fannie Mae and Freddie Mac Credit Score Requirements (2/2/2018)
FHFA Insights Blog: FHFA Needs Your Feedback on Credit Score Requirements (1/18/2018)
FHFA Issues Request for Input on Fannie Mae and Freddie Mac Credit Score Requirement (12/20/2017)
View Request for Input (Input was due March 30, 2018)
View Input Submitted (Select Credit Score in the pull down)
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