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 2016 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 6, 2014 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.
Click to access datasets on rural areas, Indian tribe areas, and high opportunity areas.
Duty to Serve Overview Video (2-22-2017) Potential Manufactured Home Chattel Loans Pilots(1-18-2017)Proposed Evaluation Guidance(1-13-2017)Final Rule (12-29-2016)Duty to Serve Program Fact Sheet (12-13-2016)Proposed Rule (12-18-2015)
Proposed Rule Fact Sheet (12-15-2015)
Listening Session Overview Slides (2-9-2017)Listening Session Transcript – Webinar (2-9-2017)Listening Session Transcript – FHFA Headquarters (2-8-2017)Listening Session Transcript – Federal Reserve Bank of San Francisco (2-1-2017)Listening Session Transcript – Federal Reserve Bank of Chicago
(1-25-2017)Stakeholder Webinar Recording (12-19-2016)Stakeholder Webinar Transcript (12-19-2016)Stakeholder Webinar Slides (12-19-2016)
FHFA Extends Public Input Period for Proposed Duty to Serve Evaluation Guidance (5-8-2017)FHFA Requests Public Input on Fannie Mae and Freddie Mac's Proposed Underserved Markets Plans for Duty to Serve Program (5-8-2017)Public Input on Potential Chattel Loan Pilot (2-8-2017)Public Input on Duty to Serve Program (1-18-2017)Final Rule (12-13-2016)Proposed Rule (12-15-2015)
Submit your questions to us via
Below are links to Fannie Mae's and Freddie Mac's (the Enterprises) proposed Underserved Markets Plans (Plans). The proposed Plans describe specific activities and objectives each Enterprise proposes to undertake from 2018-2020 to fulfill its Duty to Serve obligations in each underserved market - manufactured housing, affordable housing preservation, and rural markets. The final Plans must receive a non-objection letter from FHFA. The activities and objectives in the Plans may be subject to change based on factors including public input, FHFA comments, compliance with the Enterprises' Charter Acts, safety and soundness considerations, and market or economic conditions.
The public input period closed on July 10, 2017. FHFA and the Enterprises continue to iterate on the proposed Plans, with the goal of finalizing the Plans so that they become effective by January 1, 2018.
Fannie Mae Proposed Underserved Markets Plan Freddie Mac Proposed Underserved Markets Plan
Fannie MaeFreddie MacFannie Mae StatementFreddie Mac Statement
Matt DouglasDuty to Serve Assistant Program ManagerJim Gray
Duty to Serve Program ManagerShannon MaloneyDuty to Serve Program AnalystMary OwensDuty to Serve Affordable Multifamily SpecialistShiv RawalDuty to Serve Affordable Rural SpecialistGeenae R. Rivera Soto Duty to Serve Affordable Single-Family Specialist
Meet the Experts
© 2017 Federal Housing Finance Agency