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 2022 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...
The Federal Housing Finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises). FHFA’s objective was to develop a program that helped targeted borrowers avoid foreclosure while also adhering to FHFA’s mandate to preserve and conserve the assets of the Enterprises.
Your loan must be owned or guaranteed by Fannie Mae or Freddie Mac and meet basic criteria.
Internal Revenue Service Guidance on Tax Treatment of Principal Reduction Modifications (Notice 2016-72) (12/5/2016)
Principal Reduction Modification Borrower Event Handout (8/2/2016)
Principal Reduction Modification FAQs for Congressional Staff (7/11/2016)
Principal Reduction Modification FAQs for Housing Counselors (7/11/2016)
Principal Reduction Modification General FAQs (4/14/2016 revised 12/5/2016)
Principal Reduction Modification Heatmap
View interactive map.
News Release: FHFA Announces Principal Reduction Modification Program and Further Enhancements to Non-Performing Loan Sales Requirements (4/14/2016)
FHFA's Analysis of a Principal Reduction Modification Program and Enhanced Non-Performing Loan Sales Requirements (4/14/2016)
Fact Sheet: Principal Reduction Modification (4/14/2016)
FHFA Blog: FHFA Launches Map of Potentially Eligible Borrowers for Principal Reduction Modification (7/11/2016)
FHFA Blog: A Message to Borrowers Struggling With Mortgage Debt: Check Your Mail! (10/4/2016)
Did you receive a Solicitation Letter in the mail from Fannie Mae or Freddie Mac? If so, you may be eligible for Principle Reduction Modification.
Principal Reduction Servicer FAQs
Principal Reduction Modification FAQs
FHFA's 2012 Analyses of Principal Reduction
Scams are a growing problem that could cost you thousands of dollars — or even your home. Remember that real help is free. There should be no fees in exchange for counseling services. If you think you have been scammed, visit these sites for more information and to file a complaint today:
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