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
January 02, 2025The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) today announced amendments to the Preferred Stock Purchase Agreements (PSPAs). FHFA and Treasury have agreed to delete the provisions of the PSPAs that were suspended pursuant to their September 14, 2021 Letter Agreement and to make other modifications. These changes provide Fannie Mae and Freddie Mac (the Enterprises) with more flexibility to better support access to homeownership and rental housing. In addition, the amendments clarify that the Enterprises must meet the capital requirements established by FHFA as amended over time. The amendments also include technical changes or clarifications applicable to the Enterprises’ financial reporting.
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News Release
December 31, 2024U.S. house prices rose 0.4 percent in October, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from October 2023 to October 2024. The previously reported 0.7 percent price growth in September remained unchanged.
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News Release
December 20, 2024The Federal Housing Finance Agency (FHFA) released today the 2025 Scorecard for Fannie Mae and Freddie Mac (the Enterprises), establishing an array of objectives for them to operate safely and soundly, further develop risk management frameworks, and support market improvements in housing supply and affordability, among other steps.
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 |
|---|---|
| December 2024 | 6.31 |
| November 2024 | 6.19 |
| October 2024 | 6.48 |
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 2024Q2-2024Q3 | Four Quarter Change 2023Q3-2024Q3 |
|---|---|---|
| "Purchase-Only" U.S. Index (Seasonally Adjusted) |
0.7% | 4.3% |
| "Expanded-Data" U.S. Index (Seasonally Adjusted) |
0.9% | 5.2% |