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Affordable Housing & Community Investment

We ensure the entities we regulate invest in America's communities.  The Federal Home Loan Bank Affordable Housing Program is used to finance the construction, purchase or rehabilitation of housing. Fannie Mae and Freddie Mac have affordable housing goals to purchase low-income and very low-income single-family and multifamily mortgages.

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Climate Change and Environmental, Social, and Governance (ESG)

The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance system. FHFA's regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System – have an important leadership role to play in addressing this issue. In its supervisory capacity over the regulated entities, as well as its role as conservator of Fannie Mae and Freddie Mac, FHFA has been actively working to ensure that the regulated entities are accounting for the risks associated with climate change and natural disasters while also overseeing the regulated entities’ work related to Environmental, Social, and Governance (ESG) broadly.


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Duty to Serve Program

Information about Duty to Serve provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008.  This statute requires Fannie Mae and Freddie Mac to serve three specified underserved markets:  manufactured housing, affordable housing preservation and rural housing markets.


Enterprise Housing Goals

FHFA establishes annual single-family and multifamily housing goals for mortgages purchased by Fannie Mae and Freddie Mac. The Enterprise housing goals include separate categories for single-family mortgages on housing that is affordable to low-income and very low-income families, as well as refinanced mortgages for low-income borrowers. FHFA also establishes separate annual goals for multifamily housing. 

Equal Housing Opportunity


Fair Lending Oversight

FHFA is committed to ensuring that its regulated entities operate consistently with the public interest and with sufficient overall risk management by providing fair, equitable, and nondiscriminatory access to credit and housing. Fair lending is central to the principles under which the U.S. housing finance system operates and is a requirement of law. FHFA engages in comprehensive fair lending oversight of its regulated entities, and will never tolerate illegal discrimination by the regulated entities. 

Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (ACAESH)

The Committee will provide advice and input regarding affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to address those matters. The Committee’s activities will focus on FHFA’s regulated entities – Fannie Mae,  Freddie Mac, and the Federal Home Loan Banks – and their respective roles in providing a reliable source of liquidity and funding to support housing finance in the single-family and multifamily housing markets. 



Financial Technology (Fintech)

FHFA’s Office of Financial Technology (Fintech) supports the Agency in developing strategies for FHFA’s regulated entities to advance fintech and innovation in housing finance in a safe and sound and equitable manner.​ The Fintech Office serves as a centralized information clearinghouse and resource for the Agency on mortgage-related innovations, general trends, and emerging risks in the use of fintech.​

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Fraud Prevention

The Federal Housing Finance Agency (FHFA) is committed to combating mortgage fraud.  Freddie Mac, Fannie Mae, and the Federal Home Loan Banks (the “regulated entities”) have a statutory obligation to report possible fraud and fraud to law enforcement authorities and regulatory agencies, including FHFA.  FHFA’s work to ensure the safety and soundness of the regulated entities includes monitoring their fraud prevention programs and conducting risk-focused reviews of their financial crime risk management and regulatory compliance.  FHFA coordinates with fellow regulatory and law enforcement agencies to foster open communication and collaboration in prevention of mortgage fraud.



Housing Finance Examiner Commission Program

This four-year program combines classroom and on-the-job training to develop a uniform set of technical and professional skills each of our safety and soundness examiners will employ when evaluating those we regulate.



Loss Mitigation

Fannie Mae and Freddie Mac have a number of aligned loss mitigation programs that are aimed at preventing foreclosures for delinquent borrowers. These programs include options for staying in or leaving their home.

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National Mortgage Database Program (NMDB®)

The National Mortgage Database program is jointly funded and managed by the Federal Housing Finance Agency and the Bureau of Consumer Financial Protection Bureau. The program is designed to provide a rich source of information about the U.S. mortgage market. It has three primary components. 

I. National Mortgage Database

The National Mortgage Database (NMDB®) is a comprehensive database of a nationally representative five percent sample of closed-end first-lien residential mortgages in the United States. NMDB is designed to inform and educate federal agencies about the U.S. mortgage market. 

II. National Survey of Mortgage Originations

The National Survey of Mortgage Originations (NSMO) is a quarterly survey of a nationally representative sample of newly originated closed-end first-lien mortgages in the United States. Each quarter, NSMO solicits voluntary feedback from about 6,000 borrowers about their experience taking out their mortgages. 

III. American Survey of Mortgage Borrowers

The American Survey of Mortgage Borrowers (ASMB) is an annual survey of a nationally representative sample of closed-end first-lien mortgage mortgages in the United States. Each year, ASMB solicits voluntary feedback from about 10,000 borrowers about their experience maintaining their mortgages.


Neighborhood Stabilization Initiative (NSI)

NSI promotes strategies to help delinquent borrowers avoid foreclosure and more efficiently dispose of foreclosed properties.

​Page last updated: July 18​, 2022​​​​​

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