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 2022 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.
1.
Operate the business in a safe and sound manner.
2.
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
To enable FHFA's evaluations, each Enterprise submits quarterly and annual reports detailing its actions and progress toward achieving the objectives in its Plan. FHFA makes these quarterly and annual reports public, omitting any confidential and proprietary information. These reports contain the Enterprises’ views on their Duty to Serve activities and do not necessarily reflect FHFA’s views.
In 2020, FHFA conducted virtual meetings with Fannie Mae and Freddie Mac to supplement the information provided by the Enterprises in their annual reports.
FHFA has evaluated Fannie Mae and Freddie Mac’s 2020 Duty to Serve performance under their first Duty to Serve Plans, which covered the 2018-2020 period. FHFA has determined that each Enterprise complied with its Duty to Serve requirements in all three underserved markets in 2020. In addition, FHFA finds that each Enterprise performed a satisfactory job of increasing the liquidity and distribution of available capital in each of the three underserved markets.
In early 2020, FHFA issued Evaluation Guidance 2020-4a, which includes changes to the evaluation process and rating scale for Enterprise Duty to Serve performance effective for the 2021 performance year. These changes were based on experience in the initial years of the program and changing priorities of FHFA. The major changes are intended to increase the impact of the program and include simplified partial credit calculations, a higher threshold to receive a rating of “Complies,” a higher minimum impact score requirement for extra credit, and a reduced extra credit adjustment. FHFA intends to release more granular ratings under Evaluation Guidance 2020-4a when the recalibrated rating scale goes into effect for the 2021 performance year.
Highlights of the Enterprises' 2020 performance are published in FHFA's 2021 Annual Housing Report to Congress. Data on the Enterprises' 2020 Duty to Serve-qualifying loan purchases is available on the Data and Tools section of the Duty to Serve page.
See past Quarterly and Annual Reports
