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Welcome to the Government page of FHFA’s website.  This page provides consolidated resources for federal, state and local government personnel who are interested in the nation’s housing finance system.


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  1. Read FHFA's latest Annual Report to Congress.

  2. Read the latest Strategic Plan for Conservatorships or the latest Scorecard.

  3. Read recent Research.

  4. Download Data.

  5. Read recent Speeches or Testimony.

 

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Key Legislation

 

Short Title (Citation)

Document

FEDERAL HOME LOAN BANKS

Federal Home Loan Bank Act

12 U.S.C. 1421 et seq.
(Public Law 72-304 (1932))

Established the Federal Home Loan Bank System.

GPO Text / PDF

FEDERAL HOUSING FINANCE AGENCY CHARTER

Federal Housing Enterprises Financial Safety and Soundness Act of 1992

12 U.S.C. 4501 et seq.
(Public Law 102-550 (1992))

Primary statutory authorization for FHFA’s regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Bank System, including supervision of housing mission and goals and actions as conservator or receiver for Fannie Mae, Freddie Mac or any Federal Home Loan Bank.

Housing and Economic Recovery Act of 2008

(Public Law 110-289 (2008))

Amended the Safety and Soundness Act to create FHFA, place regulation of Fannie Mae, Freddie Mac and the Bank System under one regulator, enhance supervision of these regulated entities, and enhance FHFA's authorities as conservator or receiver. 

GPO​ Text / PDF










 
GPO Text / PDF

FREDDIE MAC CHARTER

Federal Home Loan Mortgage Corporation Act

12 U.S.C. 1451 et seq.
(Public Law 91-351 (1970))

Created Freddie Mac and provided authority for Freddie Mac’s activities.

GPO Text / PDF

FANNIE MAE CHARTER

Federal National Mortgage Association Charter Act

12 U.S.C. 1716 et seq.
(Public Law 84-345,National Housing Act, Title III (1934), as amended by the Housing and Urban Development Act of 1968)

Created Fannie Mae and provided authority for Fannie Mae’s activities. Amendment in 1968 created the Government National Mortgage Association (Ginnie Mae), supervised by the Department of Housing and Urban Development.

GPO Text / PDF

Find regulations pertaining to FHFA supervision at eCFR.

CONGRESSIONAL LETTERS


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 Related Information

 

 

FHFA House Price Index Down 0.1 Percent in January; Up 6.3 Percent from Last Year43934<p> <strong>​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Washington, D.C.</strong> – U.S. house prices fell in January, down <strong>0.1 percent </strong>from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose <strong>6.3 percent</strong> from January 2023 to January 2024. The previously reported 0.1 percent price increase in December remained unchanged.</p><p>For the nine census divisions, seasonally adjusted monthly price changes from December 2023 to January 2024 ranged from <strong>-0.6 percent</strong> in the South Atlantic division to <strong>+1.5 percent</strong> in the West North Central division. The 12-month changes were all positive, ranging from <strong>+3.8 percent</strong> in the West South Central division to <strong>+8.7 percent</strong> in the East North Central division.</p><p>“U.S. house prices declined slightly in January, marking the first decrease since August 2022,” said Dr. Anju Vajja, Deputy Director for FHFA’s Division of Research and Statistics. “However, the year-over-year house price growth remained near the historical average.”</p><p>The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price changes at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.</p><p>FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data, including refinances, Federal Housing Administration mortgages, and real property records. All the indexes, including their historic values, and information about future HPI release dates, are available on FHFA’s website&#58;<a href="/DataTools/Downloads/Pages/House-Price-Index.aspx">&#160;https&#58;//www.fhfa.gov/HPI</a>.</p><p>FHFA will release its next HPI report on April 30, 2024, including monthly data through February 2024.</p>​​<br>3/26/2024 1:01:08 PMWashington, D.C. – U.S. house prices fell in January, down 0.1 percent from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House 1106https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Releases 4th Quarter 2023 Foreclosure Prevention and Refinance Report43897​​ <p> <strong>​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Washington, D.C. </strong>– The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,903 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,905,703 since the start of conservatorships in September 2008.</p><p>The report also shows that 31 percent of loan modifications completed in the fourth quarter reduced borrowers’ monthly payments by more than 20 percent. The number of refinances decreased from 83,522 in the third quarter of 2023 to 71,378 in the fourth quarter of 2023.</p><p>The Enterprises’ serious delinquency rate increased slightly from 0.54 percent to 0.55 percent at the end of the fourth quarter. This compares with 3.42 percent for Federal Housing Administration (FHA) loans, 2.01 percent for Veterans Affairs (VA) loans, and 1.52 percent for all loans (industry average).</p><p>Other highlights from the report include&#58;</p><ul class="FHFA-List"><li style="line-height&#58;1.4 !important;"> <em>Forbearance</em>&#58; At the end of the quarter, there were 42,194 loans in forbearance, representing approximately 0.14 percent of the Enterprises’ single-family conventional book of business, down from 47,672 or 0.15 percent at the end of the third quarter of 2023. Approximately 2 percent of these loans have been on a forbearance plan for more than 12 months.</li><li style="line-height&#58;1.4 !important;"> <em>Mortgage Performance</em>&#58; The 60+ day delinquency rate increased slightly from 0.73 percent at the end of the third quarter of 2023 to 0.77 percent at the end of the fourth quarter of 2023. </li><li style="line-height&#58;1.4 !important;"> <em>Foreclosures</em>&#58; The number of foreclosure starts decreased 4 percent to 18,731 while third-party and foreclosure sales fell 9 percent to 3,282 in the fourth quarter.</li><li style="line-height&#58;1.4 !important;">​ <em>Real Estate Owned (REO) Activity &amp; Inventory</em>&#58; The Enterprises’ REO inventory decreased 1.1 percent from 11,019 in the third quarter of 2023 to 10,902 in the fourth quarter of 2023, as property dispositions outpaced acquisitions. The total number of property acquisitions decreased 6 percent to 1,475, while dispositions fell slightly to 1,567 during the quarter.</li></ul>​ <p>FHFA’s quarterly foreclosure prevention and refinance reports include data on the Enterprises’ mortgage performance, delinquencies, and active forbearance plans, as well as forfeiture actions and refinances by state. The data included in these reports are also available on FHFA's website as an interactive <a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Borrower Assist​​ance Map</a>​.</p>​<br>3/25/2024 4:01:00 PMHome / Media / FHFA Releases 4th Quarter 2023 Foreclosure Prevention and Refinance Report News Release 524https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
Foreclosure Prevention, Refinance, and FPM Report - 4Q202343898<h2 style="border-color&#58;currentcolor;font-family&#58;lato, sans-serif;font-style&#58;normal;padding-top&#58;8px !important;">​​​​​​​​​​​4Q23 Highlights —&#160;Foreclosure Prevention<br></h2><p style="font-weight&#58;700 !important;padding-top&#58;12px !important;">The Enterprises' F​oreclosure Prevention Actions&#58;</p><ul class="FHFA-List"><li>The ​Enterprises c​ompleted 43,903 foreclosure prevention actions in the fourth quarter of 2023, bringing the total to 6,905,730 since the start of conservatorships in September 2008. Of these actions, 6,200,815 have helped troubled homeowners stay in their homes, including 2,682,192 permanent loan modifications. </li><li>Initiated forbearance plans decreased to 24,579 in the fourth quarter from 27,038 in the third quarter of 2023. The total number of loans in forbearance at the end of the quarter was 42,194, representing approximately 0.14 percent of the total loans serviced and 8 percent of the total delinquent loans.​<br></li><li>​Eighteen percent of modifications in the fourth quarter were modifications with principal forbearance. Modifications that include extend-term only accounted for 80 percent of all loan modifications during the quarter.</li><li>There were 134 completed short sales and deeds-in-lieu during the quarter, bringing the total to 704,915 since the conservatorships began in September 2008.</li></ul><p style="font-weight&#58;700 !important;padding-top&#58;12px !important;">The Enterprises' Mortgage Performance&#58;</p><ul class="FHFA-List"><li>The 60+ days delinquency rate increased from 0.73 percent at the end of the third quarter to 0.77 percent at the end of the fourth quarter of 2023.</li><li>The Enterprises' serious &#123;90 days or more) delinquency rate increased slightly to 0.55 percent at the end of the fourth quarter. This compared with 3.42 percent for Federal Housing Administration &#123;FHA) loans, 2.01 percent for Veterans Affairs &#123;VA) loans, and 1.52 percent for all loans &#123;industry average).</li></ul><p style="font-weight&#58;700 !important;padding-top&#58;12px !important;">The Enterprises' Foreclosures&#58;</p><ul class="FHFA-List"><li>Foreclosure starts decreased 4 percent to 18,731 while third-party and foreclosure sales declined 9 percent to 3,282 in the fourth quarter.</li></ul><p style="font-style&#58;italic !important;margin-top&#58;12px !important;">For an interactive online map that provides state data, click on the following link&#58;<br><a href="/DataTools/Tools/Pages/Borrower-Assistance-Map.aspx">Fannie Mae and Freddie Mac State Borrower Assistance Map</a>​​​<br></p><h2 style="border-color&#58;currentcolor;font-family&#58;lato, sans-serif;font-style&#58;normal;padding-bottom&#58;8px !important;padding-top&#58;16px !important;">4Q23&#160;Highlights ​— Refinance Activities​​<br></h2><ul class="FHFA-List"><li>Total refinance volume decreased in the fourth quarter, compared to the third quarter, as mortgage rates peaked in October at a monthly average of 7.62 percent and remained elevated in November. However, mortgage rates fell in December&#58; the average interest rate on a 30-year fixed rate mortgage decreased to 6.82 percent.</li><li style="padding-bottom&#58;0px !important;margin-bottom&#58;0px !important;">The percentage of borrowers refinancing into shorter term 15-year mortgages continued at 8 percent in December. The average interest rate savings of a 15-year mortgage over a 30-year mortgage has been higher in 2021 through 2023 compared to previous years.</li></ul>​ <p style="padding-top&#58;12px !important;padding-bottom&#58;4px !important;"> <a href="/Media/PublicAffairs/Pages/FHFA-Releases-4th-Quarter-2023-Foreclosure-Prevention-and-Refinance-Report.aspx">Related News Release</a></p>​<br>3/25/2024 4:01:10 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / Foreclosure Prevention, Refinance, and FPM Report - 4Q2023 The ​Enterprises c​ompleted 43,903 foreclosure 238https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Announces 2024 Generative AI in Housing Finance TechSprint44986<p style="padding-top&#58;8px !important;"> <strong>​​​​​​​​​​​​​​​​​​​Washington, D.C.</strong> – The Federal Housing Finance Agency (FHFA) today announced its second TechSprint, an in-person team-based problem-solving event hosted by its Office of Financial Technology. FHFA’s Generative Artificial Intelligence (AI) in Housing Finance TechSprint will bring together technology, regulatory, housing, and consumer finance experts to identify use cases (or specific scenarios) and associated control measures to support the responsible use of generative AI in the housing finance system.</p><p>“Technology has the power to greatly improve our housing finance markets by reducing barriers, increasing efficiencies, and lowering costs, but it requires proper governance,” said FHFA Director Sandra L. Thompson. “FHFA’s second TechSprint will bring experts together to explore the role generative AI can play in an innovative and sustainable housing finance system.”</p><p>The Generative AI in Housing Finance TechSprint will begin on Monday, July 22, in Washington, D.C. The event consists of three days of intensive, in-person collaboration. FHFA will select participants from the applicant pool and place individual participants into TechSprint teams that reflect a diverse set of experiences and expertise. Teams will then work on select problem statements that address the central question&#58; “How might the responsible use of generative AI promote a transparent, fair, equitable, and inclusive housing finance system, while fostering sustainable homeownership and rental opportunities?” The event will culminate in a Demo Day exhibition on Thursday, July 25, when the teams will present their innovative ideas to an independent panel of judges drawn from experts in government, industry, nonprofits, and academia for evaluation and potential recognition.</p><p>Applications to participate in the FHFA Generative AI in Housing Finance TechSprint are due by 5&#58;00 PM ET on May 24, 2024. More information and the application can be found at&#58; <a href="/PolicyProgramsResearch/Programs/Pages/2024-Tech-Sprint-Generative-AI-in-Housing-Finance.aspx">2024 TechSprint Generative AI in Housing Finance​</a><br></p> <p style="padding-top&#58;8px !important;"> <strong><a href="/PolicyProgramsResearch/Programs/Pages/FinancialTechnology.aspx">About FHFA’s Office of Financial Technology</a></strong></p><p>FHFA’s Office of Financial Technology (Fintech Office), launched in July 2022, supports the Agency’s efforts to understand technology-driven developments in housing finance and the associated risks. The Fintech Office facilitates the development of responsible innovation at FHFA’s regulated entities, which include Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. The Fintech Office serves as a centralized information clearinghouse and resource for the Agency on mortgage-related innovations, general trends, and emerging risks in the use of fintech.</p>3/20/2024 5:30:32 PMHome / Media / FHFA Announces 2024 Generative AI in Housing Finance TechSprint News Release 1621https://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspxhtmlFalseaspx
FHFA Information Resources Management Strategic Plan FY 2024-202626306<p>​​​​​​​​​​​The Federal Housing Finance Agency (FHFA) today released the FHFA Information Resources Management Strategic Plan&#58; Fiscal Years 2024-2026, which provides direction, organizational alignment, and prioritization for key information technology and data initiatives. Implementation of the Information Resources Management Strategic Plan will maximize the impact of information resources on FHFA’s mission and ongoing operations.</p>​ ​<br>3/11/2024 2:00:39 PMEqual Employment Opportunity / No FEAR Act Home / About FHFA / Reports / FHFA Information Resources Management Strategic Plan FY 2024-2026 357https://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspxhtmlFalseaspx

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