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 2015 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 2016 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...
Key Topics pages provide information about FHFA's work on a range of issues facing the nation and highlight the most relevant related news releases, reports, statements and web pages on the respective topics.
The Honorable Melvin L. Watt of Charlotte, NC sworn in on January 6th to a 5-year term as the first Senate-confirmed Director of FHFA.
Read more about Director Watt
Federal law requires the Federal Housing Finance Agency (FHFA) to issue a regulation to implement the Duty to Serve requirements specified in the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008. The statute requires Fannie Mae and Freddie Mac (the Enterprises) to provide leadership to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in three underserved markets specified in the statute:
FHFA has issued a final rule that takes into consideration underserved markets needs and safety and soundness.
Final Rule as published in Federal Register (12-29-16)News Release - Final Rule
(12-13-2016)Stakeholder Webinar Overview (12-19-2016)Stakeholder Webinar Slides (12-19-2016) Stakeholder Webinar Transcript (12-19-2016)Fannie Mae & Freddie Mac Duty to Serve Program Fact Sheet
(12-13-2016)News Release and Proposed Rule (12-15-2015)Proposed Rule Fact Sheet (12-15-2015)
The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 establishes a duty for Fannie Mae and Freddie Mac to serve very low-, low-, and moderate-income families in rural areas. Census tracts that are considered rural areas or non-rural areas for Duty to Serve purposes are available through the link below.
Link to Duty to Serve Rural Areas Data
FHFA, Fannie Mae, and Freddie Mac will co-host a series of public listening sessions in early 2017, coinciding with the period during which the Enterprises will draft their Underserved Market Plans. The Underserved Market Plans describe the activities that the Enterprises will undertake to meet their Duty to Serve obligations over a three-year period. The listening sessions are an opportunity for interested stakeholders to offer suggestions directly to the Enterprises about items to consider including in the Underserved Market Plans.
Wednesday, January 25, 2017 Federal Reserve Bank of Chicago
Wednesday, February 1, 2017 Federal Reserve Bank of San Francisco
Wednesday, February 8, 2017 FHFA Headquarters Washington, DC
Thursday, February 9, 2017 Webinar
The in-person listening sessions are tentatively scheduled to begin at 9:00 am and conclude at 5:00 pm. Lunch and refreshments will be provided.
Registration Extended! Registration for the Chicago and Washington, D.C. Sessions is full. You can still register for the San Francisco listening session or webinar until
here. Stay tuned for more information about these sessions.
Questions? Send an email to:
Provide General Input
View General Input
FHFA has published proposed
Evaluation Guidance for public input. The purpose of the Guidance is two-fold: to communicate FHFA’s expectations regarding the development of the Underserved Markets Plans and to describe the process by which FHFA will evaluate the Enterprises’ achievements under their Plans each year.
The public will have until May 15, 2017 to provide input on the
Proposed Evaluation Guidance. Please provide input
You can also view input
Upcoming Activity »
The final rule establishes a Regulatory Activity for Enterprise activities related to facilitating a secondary market for loans on manufactured homes titled as personal property, also referred to as chattel. While FHFA expects the Enterprises to serve manufactured homes titled as real estate, FHFA has also determined that the Enterprises should be eligible to receive Duty to Serve credit, subject to FHFA approval, for pursuing chattel pilot initiatives, in a safe and sound manner, that would serve very low-, low, and moderate-income manufactured home households. FHFA requests public input on what the Enterprises should consider including in a chattel pilot to serve this market in a safe and sound manner.
Stay tuned for more information!
Fannie MaeFreddie MacFannie Mae StatementFreddie Mac Statement
Lauryn AllevaSenior Policy AnalystMatt DouglasDuty to Serve Assistant Program ManagerJim Gray Duty to Serve Program ManagerShannon MaloneyDuty to Serve Program AnalystShiv RawalDuty to Serve Affordable Rural SpecialistMeet the Experts
© 2016 Federal Housing Finance Agency