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.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
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Operate the business in a safe and sound manner.
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Promote sustainable and equitable access to affordable housing.
2023 Scorecard
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.
Source: FHFA
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossaries
COVID-19 Resources
The Federal Housing Finance Agency (FHFA) recognizes that climate change poses a serious threat to the U.S. housing finance system. FHFA's regulated entities – Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System – have an important leadership role to play in addressing this issue. In its supervisory capacity over the regulated entities, as well as its role as conservator of Fannie Mae and Freddie Mac, FHFA has been actively working to ensure that the regulated entities are accounting for the risks associated with climate change and natural disasters while also overseeing the regulated entities' work related to Environmental, Social, and Governance (ESG) broadly.
To this end, FHFA established an internal Climate Change and ESG Steering Committee, consisting of the Agency's leadership, and eight working groups staffed with experts from across the agency. The eight working groups will work with FHFA's regulated entities, members of the FSOC Climate-Related Financial Risk Committee (CFRC), members of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), and other stakeholders on the following areas:
In May 2019, FHFA formalized its agency-wide Disaster Response Team (DRT), which had been meeting informally for years prior. The DRT has experience coordinating with the regulated entities, other government agencies, external parties, and internal FHFA stakeholders during natural disasters. It is guided by a natural disaster response and recovery framework developed by FHFA in coordination with its regulated entities to support borrowers and renters affected by natural disasters. This framework incorporates forbearance and workout options for borrowers in areas impacted by natural disasters, tailoring options to their specific circumstances.
For more information on disaster response and assistance: See https://www.fhfa.gov/Homeownersbuyer/MortgageAssistance/Pages/Disaster-Assistance.aspx
In January of 2021, FHFA sought information on the current and future climate and natural disaster risk to the housing finance system and to the regulated entities. FHFA also sought input on opportunities to strengthen its supervision and regulation of the regulated entities' management of and reporting on the physical and transition risks that may arise from natural disasters and changes in climate patterns.
RFI: Climate and Natural Disaster Risk Management at the Regulated Entities
Link to Comments – select “Climate and Natural Disaster Risk" in dropdown menu
Link to RFI Synopsis
On March 4, 2021, FHFA held a public listening session on Climate and Natural Disaster Risk Management at the Regulated Entities.
March 4, 2021 Listening Session
March 4, 2021 Agenda
March 4, 2021 Listening Session Transcript
March 4, 2021 Listening Session Presentations
FHFA Acting Director Sandra L. Thompson's Statement on Climate Change
Prepared Remarks of Sandra L. Thompson, Acting Director of FHFA, at Financial Stability Oversight Council Principals Meeting
Federal Housing Finance Agency Announces Membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS)
Fannie Mae and Freddie Mac have launched ESG websites that describe their ESG strategies and include links to their Sustainability Accounting Standards Board (SASB) Reports.
CONTACT: Email: ClimateChange-ESG@fhfa.gov
Daniel E. CoatesExecutive Sponsor of Climate Change and ESG Working Group Chair, Climate Change and ESG Steering Committee
Kaitlin HildnerSenior AdvisorClimate Change and ESG Working Group
Jessica ShuiProject Coordinator Climate Change and ESG Working Group
Page last updated: May 11, 2022