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.
Meet the experts...
The Federal Housing Finance Agency's (FHFA)
2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac includes the strategic goal of developing a new securitization infrastructure for Fannie Mae and Freddie Mac (the Enterprises) for mortgage loans backed by single-family properties. To achieve this goal, Common Securitization Solutions (CSS), a joint venture owned by the Enterprises, is developing a Common Securitization Platform (CSP) under FHFA's direction and guidance. CSS acts as each Enterprise's agent to facilitate issuance of single-family mortgage securities, release related at-issuance and ongoing disclosures, and administer the securities post-issuance. In addition, CSS is creating the operational capabilities necessary to run the CSP. The CSP will support the Enterprises' single-family mortgage securitization activities, including the issuance by both Enterprises of a common single mortgage-backed security to be known as the Uniform Mortgage-Backed Security (UMBS). The issuance of UMBS should improve the overall liquidity of the Enterprises' securities and help ensure liquidity of the nation's housing finance markets.
FHFA News Release: FHFA Issues Notice of Proposed Rulemaking on Uniform Mortgage-Backed Security (09/12/2018)
Uniform Mortgage-Backed Security Proposed Rule (09/12/2018)
Prepayment Monitoring Report - 2Q2018 (08/22/2018)
Link to all Prepayment Monitoring Reports
FHFA News Release:
FHFA Issues New Payment Monitoring Report
FHFA Announces June 2019 Implementation of the New Uniform Mortgage-Backed Security (03/28/2018)
FHFA News Release: FHFA Updates Progess on the Single Security Initiative and Common Securitization Platform (12/04/2017)
An Update on the Single Security Initiative and the Common Securitization Platform (12/04/2017)
Single Security Initiative Illustrative Implementation Schedule (12/04/2017, updated May 2018)
SIFMA Single Security Webinar (10/04/2017)
Freddie Mac and Fannie Mae Single Security Initiative Market Adoption Playbook (09/06/2017, updated May 2018)
Submit input (select Single Security Initiative (SSI) and the Common Securitization Platform (CSP) in pull down menu)
Review input submitted (select Single Security Initiative (SSI) and the Common Securitization Platform (CSP) in pull down menu)
Fannie Mae Single Security and Common Securitization Platform (CSP) Web page
Freddie Mac Single Security and Common Securitization Platform (CSP) Web page
As of May 31, 2018.
View Timeline page to access linked documents
View printable PDF of Timeline
FHFA News Release: FHFA Announces Timing for Implementation of Release 2 of the Common Securitization Platform (03/23/2017)
An Update on Implementation of the Single Security and the Common Securitization Platform (03/23/2017)
FHFA News Release: FHFA Announces Successful Implementation of Release 1 of the Common Securitization Platform (12/08/2016)
An Update on Implementation of the Single Security and the Common Securitization Platform (07/07/2016)
FHFA News Release:
FHFA Details Plans and Timelines for the Single Security and Common Securitization Platform (07/07/2016)
FHFA News Release: FHFA Issues Update on the Common Securitization Platform (09/15/2015)
An Update on the Common Securitization Platform (09/15/2015)
An Update on the Structure of the Single Security (05/15/2015)
FHFA News Release: FHFA Issues Update on the Single Security (05/15/2015)
Review input submitted (select Single Security Structure Update 2015 in pull down menu)
Request for Input: Single Security Structure (08/12/2014)
FHFA News Release: FHFA Seeks Input on Single Security (08/12/2014)
Review input submitted* (select Single Security in pull down menu)
*FHFA received additional submissions that will not be made public because they were non-responsive or were unrelated to the Request for Input.
FHFA News Release: FHFA Progress Report Details Advancement on Securitization Infrastructure and Credit Risk Sharing (11/25/2013)
A Progress Report on the Implementation of FHFA's Strategic Plan for Enterprise Conservatorships (11/25/2013)
FHFA News Release: FHFA Issues Update on Development of a Common Securitization Infrastructure (04/23/2013)
A Progress Report on the Common Securitization Infrastructure (PDF) (04/23/2013)
White Paper: Building a New Infrastructure for the Secondary Mortgage Market (10/04/2012)
Public Input Received on Building a New Infrastructure (2012-13)
© 2018 Federal Housing Finance Agency