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 2018 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.
FHFA economists and policy experts provide reliable research and policy analysis about critical topics impacting the nation’s housing finance sector. Meet the experts...
Glossary - Spanish / English
Language Translation Disclosure
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. The 2018-2020 Plans describe specific activities each Enterprise will undertake to fulfill their Duty to Serve obligations in each underserved market.
On July 2, 2019, the Federal Housing Finance Agency published Fannie Mae's modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plan, originally published Dec. 18, 2017 became effective Jan. 1, 2018.
Fannie Mae adopted a three-year Underserved Markets Plan. The activities proposed are subject to FHFA review and approval to ensure compliance with the Enterprises' Charter Acts, safety and soundness, and other conservatorship and regulatory requirements. Under the Duty to Serve rule and FHFA's Evaluation Guidance, an Enterprise may propose to modify its Plan at any point if future events affect its ability to achieve the Plan's original objectives.
Fannie Mae's Modified Plan and Justifications
Fannie Mae and Freddie Mac Previous Modified Plans and Justifications (2018)
Jim Gray, Manager of the Duty to Serve program, gives an overview of the program.
Fannie Mae, Freddie Mac (the Enterprises), and the Federal Housing Finance Agency (FHFA), in collaboration with the Federal Reserve Bank of St. Louis and the Federal Reserve Bank of San Francisco are hosting four Duty to Serve (DTS) Listening Sessions in the Fall of 2019:
Each session will be held from 8 a.m.-5 p.m. Click
here for a sample agenda.
These listening sessions are an opportunity for the public to provide input on the Enterprises’ proposed plans for the second DTS plan cycle, 2021-2023. Senior staff from the Enterprises and FHFA will be present at each listening session to hear directly from stakeholders on what should or should not be included in these plans.
Public input plays a critical role in plan development by:
Registration for interested stakeholders to request a speaking slot will be open in mid-September. Please hold the dates on your calendar now and begin thinking about what your remarks would be if you were invited to take a 5-10 minute speaking slot.
If you have any additional questions or concerns, please contact
Click to access the Duty to Serve Data and Tools page, containing datasets on rural areas, Indian tribe areas, high opportunity areas, and areas of concentrated poverty.
Below is one of our interactive dashboards for the high-needs rural region, which is also featured on our Data and Tools page along with our other data tools. This visualization is one of the featured activities under the Enterprises' Duty to Serve plans. FHFA produces data files on high-needs counties (Middle Appalachia, Lower Mississippi Delta, Counties with Colonias, and Persistent Poverty Counties) as well as Census tracts which are identified as rural for Duty to Serve purposes. FHFA created this interactive map to help users visualize both rural tracts and high-needs counties under the Duty to Serve program.
2018-2020 Duty to Serve High-Needs Counties with Rural Tracts Map
Access the instructions on how to use the map
Find what you're looking for:
Matt DouglasDuty to Serve Assistant Program Manager
Jim GrayDuty to Serve Program Manager
Arun BarmanDuty to Serve Senior Economist
Rebecca CohenDuty to Serve Senior Policy Analyst
Geenae R. Rivera SotoDuty to Serve Policy Analyst
David SanchezDuty to Serve Senior Policy Analyst
Tanya WintersDuty to Serve Senior Policy AnalystMeet the Experts
Submit your questions to us via email.
© 2019 Federal Housing Finance Agency