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.
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Under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008, Fannie Mae and Freddie Mac are subject to affordable housing goals covering their purchases of single-family mortgages and multifamily mortgages.
On February 12, 2018, FHFA published a final rule establishing housing goals for calendar years 2018-2020.
FHFA proposed Enterprise Housing Goals for 2018-2020 on June 29, 2017.
Comments on the rule were due by September 5, 2017.
On September 3, 2015, FHFA published a final rule establishing
housing goals for calendar years 2015-2017.
FHFA proposed 2015-2017 Enterprise Housing Goals on August 29, 2014.
Comments on the rule were due by October 28, 2014.
There are three single-family housing goals for home purchase mortgages (plus one subgoal) and one single-family housing goal for refinance mortgages.
The single-family home purchase (HP) housing goals are based on the percentage of the total number of home purchase mortgages that an Enterprise purchases each year that are for families in the following categories:
Low-income families (income no greater than 80 percent of area median income);
Very low-income families (income no greater than 50 percent of area median income); and
Families in low-income areas: goal and subgoal.
The single-family refinance housing goal is based on the percentage of the total number of refinance mortgages that an Enterprise purchases each year that are for low-income families (income no greater than 80 percent of area median income).
FHFA is required to
estimate the size of the mortgage market in order to establish benchmarks for Fannie Mae and Freddie Mac single-family mortgage housing goals.
There are three multifamily housing goals: a goal for the total number of units affordable to low-income families (income no greater than 80 percent of area median income), a goal for the total number of units affordable to very low-income families (income no greater than 50 percent of area median income), and a goal for the total number of units in small (5- to 50-unit) multifamily properties affordable to low-income families.
Learn more about Fannie Mae's and Freddie Mac's Housing Goals performance.
Fannie Mae (2/25/2016)
Freddie Mac (2/25/2016)
Fannie Mae (11/2/2015)
Freddie Mac (11/2/2015)
Page last updated April 12, 2018
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