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
FHFA is responsible for ensuring that Fannie Mae and Freddie Mac operate in a safe and sound manner. This is done through prudential supervision and regulation.
FHFA’s annual examination program assesses Fannie Mae's and Freddie Mac's financial safety and soundness and overall risk management practices.
We utilize three approaches to achieve our supervisory responsibilities:
targeted examinations; and
We evaluate Fannie Mae's and Freddie Mac's financial condition, earnings, liquidity, and efforts taken to mitigate losses in its single-family and multifamily portfolios.
We assess their response to continued stress in the mortgage markets and its effect on their risk profile, performance, and condition.
Additionally, we evaluate their effectiveness of remediation of previously identified matters requiring attention.
We also evaluate the board’s and management’s responses to deficiencies and weaknesses identified by the Enterprise’s Internal Audit Department and external auditors.
Our oversight program ensures coordination among all mission-critical supervisory functions throughout the examination process - including accounting and disclosure, capital adequacy, examination, financial analysis, and supervision infrastructure.
These interdependent assessments provide us with the basis for assigning a composite safety and soundness rating.
[OFHEO - Predecessor Agency - Special Examination Reports]
Report of the Special Examination of Fannie Mae - May 2006
Report of Findings to Date Special Examination of Fannie Mae - September 2004 Report of the Special Examination of Freddie Mac - December 2003
We use a specific framework to summarize examination results and conclusions to Fannie Mae's and Freddie Mac's board of directors and Congress. FHFA’s examination ratings system is known as CAMELSO.
Annual Report to Congress.
Fannie Mae and Freddie Mac Capital Requirements
Miscellaneous Pre-2008 Guidance
© 2019 Federal Housing Finance Agency