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 2017 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.
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...
Glossary - Spanish / English
Language Translation Disclosure
William Larson (FHFA), Jessica Shui (FHFA), Morris Davis (Rutgers), Stephen Oliner (AEI)
We use data on the appraised
land value from a data set of more than 16 million appraisals to produce annual
estimates of the average price of land used in single-family housing. We
generate a balanced panel of data on land value per acre for more than 900
counties, 8,000 ZIP codes, and 11,000 census tracts in the United States
between 2012 and 2017, covering 85% of the population and 83% of all
single-family homes. Based on the predictions of a calibrated optimal
model of teardowns, we limit our sample of appraised land values for homes with
an effective age of no more than 10 years. We standardize these land
values to a per-acre basis, and then spatially interpolate to the universe of
single-family homes using Kriging. Our analysis produces three main findings
for our sample: land prices in most areas increased between 2012 and 2017; land
prices tended to rise faster than house prices; and land appreciated most
rapidly in areas with relatively high density of structures. The land
prices we generate are intended to aid researchers in Urban and Regional
Economics and policy-makers monitoring the health of the nation's single-family
© 2018 Federal Housing Finance Agency