About FHFA
The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF). The Agency's mission is to ensure that Fannie Mae and Freddie Mac (the Enterprises) and the FHLBanks (together, "the regulated entities") fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac.
Latest News
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News Release
October 17, 2024The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities. The Report on 2023 Federal Home Loan Bank Targeted Mission Activities, highlights the FHLBanks’ performance and activities under the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA), and additional voluntary targeted mission-activity programs.
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News Release
October 09, 2024The Federal Housing Finance Agency (FHFA) published today new national datasets on price trends for manufactured homes. FHFA’s release of the House Price Index (HPI) and median prices for manufactured homes provides quarterly data on the movement and level of manufactured home prices nationally. The price indexes and median prices for manufactured homes are both based on data from real-property conventional mortgages acquired by Fannie Mae and Freddie Mac.
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Statement
September 30, 2024The Federal Housing Finance Agency (FHFA) issued today an Advisory Bulletin to the Federal Home Loan Bank (FHLBank) System, AB 2024-04: FHLBank System Climate-Related Risk Management, following extensive outreach to the System’s members and other relevant stakeholders through the FHLBank System at 100: Focusing on the Future initiative. In recognition of the serious threat that climate risk and the resulting climate-related disasters pose to the U.S. housing finance system, this Advisory Bulletin provides guidance to the FHLBanks on incorporating climate-related risks into their existing risk management frameworks.
Spotlight Topics
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Climate Risk
The purpose of FHFA's Climate Risk Committee is to ensure the Agency makes strategic and tactically sound decisions concerning the impacts of and response to the risks posed by climate change in a coordinated, collaborative, and informed manner in furtherance of FHFA’s mission.
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Suspended Counterparty
FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks presented by individuals and entities with a history of fraud or other financial misconduct.
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Housing Market Indicators
MIRS Transition Index
| MIRS Transition Index Release Dates | Index Values |
|---|---|
| September 2024 | 6.88 |
| August 2024 | 6.94 |
| July 2024 | 7.08 |
MIRS transition index is intended to be used in lieu of the discontinued MIRS ARM Index for currently outstanding loans, and not as a reference rate on newly-originated adjustable-rate mortgages. For further information, click here.
House Prices
| FHFA HPI-Source | Quarterly Change 2024Q1-2024Q2 | Four Quarter Change 2023Q2-2024Q2 |
|---|---|---|
| "Purchase-Only" U.S. Index (Seasonally Adjusted) |
0.9% | 5.7% |
| "Expanded-Data" U.S. Index (Seasonally Adjusted) |
1.1% | 6.1% |