FHFA is working to strengthen and secure the United States secondary mortgage markets by providing effective supervision, sound research, reliable data, and relevant policies.
We are an independent regulatory agency responsible for the oversight of vital components of the secondary mortgage markets - the housing government sponsored enterprises of Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. Combined these entities provide more than $5.9 trillion in funding for the U.S. mortgage markets and financial institutions. Additionally, FHFA is the conservator of Fannie Mae and Freddie Mac.
We are building a better secondary mortgage market for the future. FHFA's pursuing a series of initiatives and strategies to improve the future system of housing finance. One important initiative is the creation of a new Common Securitization Platform that will serve the dual purpose of modernizing current outdated infrastructures and provide the potential for other market participants to use the same infrastructure.
We work with those we regulate to preserve homeownership through the
Home Affordable Refinance Program (HARP) and the
Home Affordable Modification Program (HAMP). The programs provide real help to homeowners and communities - to date these programs have helped millions of Americans remain in their homes.
FHFA was created on July 30, 2008, when the President signed into law the
Housing and Economic Recovery Act of 2008.