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...
Language Translation Disclosure
Chi-Cheol Chung, Senior Financial Analyst; Andrew V. Leventis, Deputy Chief Economist; William M. Doerner, Supervisory Economist; David Roderer, Senior Financial Analyst; Michela Barba, Supervisory Economist
We offer a new home affordability estimate (HAE) that focuses on the share of housing stock that is affordable to certain households in the United States. The methodology considers affordability as it relates to funds available for down payments, initial monthly housing-related payments, and future projections of household income and costs. The HAE builds upon existing industry statistics in two ways. First, existing affordability indexes make certain assumptions for one or more of those funding factors. We can observe actual investment and expense values. Second, existing industry statistics consider “typical” families that earn the median household income level. The HAE is sufficiently more flexible for evaluating families at different places in the income distribution. This paper discusses the assumptions and processes for creating the HAE indexes; compares the national time series for very low-income, low-income, and median-income families; and then documents trends across metropolitan areas. We offer the data for public usage and leave commentary about implications to future research.
© 2019 Federal Housing Finance Agency