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 2022 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.
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
Operate the business in a safe and sound manner.
Promote sustainable and equitable access to affordable housing.
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.
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Dodd-Frank Act stress testing is a forward-looking exercise that assesses the impact on capital levels that would result from immediate financial shocks and nine quarters of severely adverse economic conditions. FHFA requires Fannie Mae and Freddie Mac to submit the results of stress tests based on two scenarios: a Baseline scenario and a Severely Adverse scenario. FHFA aligned the stress test scenario variables and assumptions with those used by the Board of Governors of the Federal Reserve System in its annual Dodd-Frank Act stress tests. As of March 2020, according to the
Stress Testing of Regulated Entities Final Rule, the Federal Home Loan Banks are no longer required to conduct Dodd-Frank Act stress tests. As a prudential matter, FHFA expects the FHLBanks to continue to perform other stress tests (addressing market, credit, liquidity, and model risks) as outlined in FHFA's regulations and guidance.
In 2014 FHFA began requiring its regulated entities to conduct stress tests pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). As amended by Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), the Dodd-Frank Act requires certain financial companies with total consolidated assets of more than $250 billion, and which are regulated by a primary federal financial regulatory agency, to conduct periodic stress tests to determine whether the companies have sufficient capital to absorb losses and support operations during adverse economic conditions.
2023 DFAST Reporting Cycle
2022 DFAST Reporting Cycle
2021 DFAST Reporting Cycle
2020 DFAST Reporting Cycle
2019 DFAST Reporting Cycle
2018 DFAST Reporting Cycle
2017 DFAST Reporting Cycle
2016 DFAST Reporting Cycle
2015 DFAST Reporting Cycle
2014 DFAST Reporting Cycle
2013 DFAST Reporting Cycle
News ReleasesFHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (8/10/2023)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (8/11/2022)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (8/13/2021)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/15/2019)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/7/2018)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests (8/7/2017)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (8/8/2016)FHFA Announces Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests (4/30/2015)FHFA Announces Results of Fannie Mae and Freddie Mac Stress Tests (4/30/2014)FHFA Issues Scenarios and Guidance to Fannie Mae, Freddie Mac and the FHLBanks Regarding Annual Dodd-Frank Stress Tests (12/17/2013)
Stress Testing Reports/ResultsAll Fannie Mae and Freddie Mac Stress Testing Reports
Stress Testing - RulemakingAll Stress Testing Rulemaking Pages and Documents
TestimonyAn Update from the Federal Housing Finance Agency on Oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (4/18/2013)
DFAST Frequently Asked Questions (FAQs) (8/15/2019) Annual Report to Congress – 2018 (6/15/2019)Annual Report to Congress – 2017 (6/15/2018)Annual Report to Congress – 2016 (6/15/2017)Annual Report to Congress – 2015 (6/15/2016)Annual Report to Congress – 2014 (6/15/2015)
Page Updated: 8/11/2023
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