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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.

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Fraud Prevention

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®) 

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.​

© 2020 Federal Housing Finance Agency