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 2017 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.
Goal: Help restore confidence, enhance capacity to fulfill mission, and mitigate systemic risk that contributed directly to instability in financial markets.
MAINTAIN foreclosure prevention activities and credit availability, REDUCE taxpayer risk, and BUILD a new single-family securitization infrastructure. Read more in the 2018 Scorecard and Conservatorships Strategic Plan.
Plans and Reports
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.
HARP - the Home Affordable Refinance Program was created by FHFA specifically to help homeowners current on their mortgage payments, but underwater on their mortgages.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector.
Meet the experts...
In December 2010, FHFA published a final rule establishing housing goals for the Federal Home Loan Banks (FHLBanks) in the
Federal Register. The housing goals measure the extent that acquired member assets programs of the FHLBanks are serving low- and very low-income families and families residing in low-income areas.
The housing goals for the FHLBanks are modeled on with the single-family housing goals for Fannie Mae and Freddie Mac (according to the statutory intent of the Housing and Economic Recovery Act of 2008) but they take into account the unique characteristics of the FHLBanks. In addition, the Federal Home Loan Bank Act required each of the Federal Home Loan Banks to establish an
Affordable Housing Program, and they have done so.
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 2017, all of the 11 FHLBanks purchased whole loans through those programs.
Affordable Housing Program
From 1990, when the AHP was authorized, through 2017, the FHLBanks have awarded approximately $5.8 billion in funding, supporting approximately 865,000 housing units.
On March 6, 2018 FHFA issued a proposed rule amending its regulation on the FHLBanks' Affordable Housing Program. FHFA is seeking comments from interested parties within 60 days of publication in the Federal Register. (See 3/6/2018 news release).
Community Investment Program
In 2017, the FHLBanks issued approximately $4.6 billion in Community Investment Program advances for housing projects and almost $97.0 million for economic development projects.
Community Investment Cash Advance Program
In 2017, the FHLBanks issued approximately $3.8 billion in Community Investment Cash Advance advances for such projects as commercial, industrial, manufacturing, social services, and public facilities.
Read more about the
Federal Home Loan Banks' affordable housing activities.
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.
On February 6, 2018, FHFA published a final rule establishing 2018-2020 housing goals for Fannie Mae and Freddie Mac. (See 2/6/2018
"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).
FHFA proposed Enterprise Housing Goals for 2018 - 2020 on June 29, 2017. Comments on the rule were due by September 5, 2017. (See 6/29/2017 news release.)
On August 19, 2015, FHFA published a final rule establishing
housing goals for calendar years 2015 - 2017. (See 8/19/2015
news release and
housing goals chart.)
The levels of the percentage-based single-family goals, and the unit-based multifamily goals were the same for both Fannie Mae and Freddie Mac.
For the first time, the final rule establishes a new housing subgoal for financing units for low-income families living in small (5- to 50-unit) multifamily properties.
Read more about
Fannie Mae's and Freddie Mac's affordable housing goals.
Page last updated May 21, 2018
© 2018 Federal Housing Finance Agency