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 2019 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.
Implement critical reforms that will produce a stronger and more resilient housing finance system.
FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for eventual exits from the conservatorships.
2019 Conservatorships Strategic Plan
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...
William Larson (FHFA); Tara Sinclair (George Washington University)
Near term forecasts, also called nowcasts, are most
challenging but also most important when the economy experiences an abrupt
change. In this paper, we explore the performance of models with different
information sets and data structures in order to best nowcast US initial
unemployment claims in spring of 2020 in the midst of the COVID-19 pandemic. We
show that the best model, particularly near the structural break in claims, is
a state-level panel model that includes dummy variables to capture the variation
in timing of state-of-emergency declarations. Autoregressive models perform
poorly at first but catch up relatively quickly. Models including Google Trends
are outperformed by alternative models in nearly all periods. Our results
suggest that in times of structural change there may be simple approaches to
exploit relevant information in the cross sectional dimension to improve
© 2020 Federal Housing Finance Agency