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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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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. ​

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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.

Home Affordable Refinance Program®(HARP®) 

Home Affordable Refinance Program®​ (HARP®) was established in 2009 to assist homeowners unable to refinance their loans, due to a decline ​in their home value.  HARP began on April 1, 2009 and expired on December 31, 2018


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.​

© 2021 Federal Housing Finance Agency