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FHFA’s Office of Financial Technology (Fintech) supports the Agency’s efforts to understand technology-driven developments in housing finance and the associated risks, and to facilitate the development of responsible innovation in FHFA’s regulated entities, which include Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Bank System. The Fintech Office serves as a centralized information clearinghouse and resource for the Agency on mortgage-related innovations, general trends, and emerging risks in the use of fintech.
FHFA views fintech as the application of new technologies to the production or provision of financial products and services. Fintech in the mortgage finance space can include, among other things, the application of new technologies and digital processes to:
mortgage origination, underwriting, servicing, investment, and other associated business activities, also known as “mortgage tech”;
researching, transacting, and managing real estate, also known as “proptech”; and
regulation and compliance, also known as “regtech”.
The Office of Financial Technology incorporates the principle of “responsible innovation” into its activities, balancing the value of new ideas, products, and operational approaches with the need for effective risk management and governance. The Fintech Office engages internally through the FHFA Fintech Working Group, consisting of Agency leadership and experts across divisions and offices. The Fintech Office engages in external outreach with market participants, including industry firms, non-profits, trade associations, consumer advocacy organizations and academia to support responsible innovation in mortgage finance and an ongoing dialogue on opportunities and barriers to innovation in the mortgage ecosystem.
In July 2023, FHFA held its first-ever TechSprint, a team-based problem-solving event. Named “Velocity,” the TechSprint brought together experts and practitioners from the technology and the mortgage finance sectors to solve a common challenge: How might data digitization drive transparency and increase access, fairness, affordability, and sustainability in mortgage lending?
Learn more at the
TechSprint Velocity webpage.
On Thursday, October 6, 2022, FHFA’s Fintech Office hosted a virtual public listening session to solicit public input on the role of technology in housing finance and how the Agency can most constructively interact with other stakeholders to facilitate responsible innovation. Video and materials from the listening session are available through the links below.
Request for Information
In July 2022, and in conjunction with the establishment of the Fintech Office, FHFA solicited public input on the role of technology in housing finance, broadly seeking to understand the current landscape of potential innovations throughout the mortgage lifecycle and related processes, risks, and opportunities. FHFA also sought input on how the Agency could most constructively interact with other stakeholders to facilitate responsible innovation, including the identification of any barriers to or challenges in implementing fintech in the housing finance ecosystem, while also focusing on supporting equity in housing finance for both homeowners and renters.
RFI: Fintech in Housing Finance (closed 10/31/2022)
View Input Provided here - select “2022 Fintech in Housing Finance RFI" in dropdown menu
View Summary Responses to the Request for Information on Fintech in Housing Finance
FHFA Velocity TechSprint webpage
Videos from FHFA Velocity TechSprint
New! Summary of Key Themes from FHFA’s Velocity TechSprint (12/22/2023)
Blog Post from FHFA Deputy Director Jason Cave on the FHFA Velocity TechSprint (10/20/2023)
FHFA Announces Inaugural Housing Finance TechSprint (4/4/2023)
FHFA Extends Deadline to October 31 on RFI on Fintech in Housing Finance (10/14/2022)
Press Release: FHFA Announces Office of Financial Technology (7/18/2022)
To ask questions or request a meeting with the FHFA Office of Financial Technology, please email us at the address below:
Page last updated: January 30, 2024
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