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 2018 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.
Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
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...
Language Translation Disclosure
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.
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.
FHFA has a statutory obligation to require the regulated entities to file timely reports upon discovery of fraud or possible fraud. The regulated entities are also required to develop and adhere to each of their own internal control procedures. FHFA works with FHFA-OIG as well as other regulatory and law enforcement agencies in the detection, prevention and enforcement actions involving fraud, possible fraud and other suspicious activity.
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.
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.
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.
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.
NSI promotes strategies to help delinquent borrowers avoid foreclosure and more efficiently dispose of foreclosed properties.
© 2020 Federal Housing Finance Agency