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 2020 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...
The Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, requires the setting of annual housing goals for Fannie Mae and Freddie Mac and the monitoring of performance in achieving these goals. FHFA sets and monitors the performance on meeting the established goals.
December 16, 2020, FHFA published
final rule establishing housing goals for Fannie Mae and Freddie Mac for 2021. (See
FHFA also published an
Advanced Notice of Proposed Rulemaking requesting public comment on a variety of questions related to potential changes to the Enterprise housing goals regulation. Comments must be received by February 28, 2021.
On February 6, 2018, FHFA published
a final rule establishing 2018-2020 housing goals for Fannie Mae and Freddie Mac. (See 2/6/2018
Learn more about
Fannie Mae's and Freddie Mac's affordable housing goals.
See the annual goals performance of each Enterprise
"The Size of the Affordable Mortgage Market: 2018 - 2020 Enterprise Single-Family Housing Goals" details the methodology used to estimate the market size for the Enterprise single-family housing goals (updated 1/25/2018).
The Duty to Serve (DTS) requires Fannie Mae and Freddie Mac (Enterprises) to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in: Manufactured housing, Affordable housing preservation, and Rural housing. To learn more about Duty to Serve, click
The Federal Home Loan Bank (FHLB) system was created by the Federal Home Loan Bank Act of 1932 as a government sponsored enterprise to support mortgage lending and related community investment. It is composed of 11 FHLBanks, more than 6,700 member financial institutions, and the System's fiscal agent, the Office of Finance. Each FHLBank is a separate, government-chartered, member-owned corporation.
Federal Home Loan Bank Community Lending Plans
Low-Income Housing and Community Development Activities of the Federal Home Loan Banks Report
Affordable Housing Program (AHP)
From 1990, when the AHP was authorized, through 2019, the FHLBanks have awarded approximately $6.6 billion in funding, supporting approximately 957,000 housing units. On November 20, 2018 FHFA issued a final rule amending its regulation on the FHLBanks' Affordable Housing Program. To learn more about AHP click
Community Investment Program (CIP)
In 2019, the FHLBanks issued approximately $3.4 billion in Community Investment Program advances for housing projects and almost $91 million for economic development projects. To learn more about CIP click
Community Investment Cash Advance (CICA)
In 2019, the FHLBanks issued approximately $3.1 billion in Community Investment Cash Advance advances for such projects as commercial, industrial, manufacturing, social services, and public facilities. To learn more about CICA click
Community Support Program (CSP)
The FHLBank Act requires FHFA to establish standards of community investment or service for members of the FHLBanks to maintain continued access to long-term FHLBank advances. The CSP requires each FHLBank member (except for non-depository CDFIs) to submit a Community Support Statement to FHFA once every two years. The Community Support Statement serves to document a FHLBank member's Community Reinvestment Act of 1977 (CRA) performance and support of first-time homebuyers. To learn more about CSP click
Community Development Financial Institution (CDFI)Membership
CDFIs are specially designated financial institutions that serve markets underserved by traditional financial institutions. To learn about CDFI Membership click here.
The FHLBanks purchase loans from their members under the acquired member assets program, a whole loan mortgage purchase program. The FHLBanks' housing goals performance is based on single-family whole loans purchased through their acquired member assets programs. In 2019, all of the 11 FHLBanks purchased whole loans through those programs. To learn more about Housing Goals click
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