Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Progress Report today on the initiatives outlined in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and the 2014 Conservatorship Scorecard. The Progress Report describes activities Fannie Mae and Freddie Mac undertook in 2014 to further FHFA’s conservatorship goals: Maintain, Reduce, and Build.
The report notes important progress made in advancing access to credit, continuing and enhancing loss mitigation and foreclosure prevention efforts, reducing risk to taxpayers by increasing the role of private capital in the mortgage market, and furthering the development of the Common Securitization Platform (CSP) and a Single Security.
“I’m very proud of the work we’ve accomplished over the past year,” said FHFA Director Melvin L. Watt. “Some very important steps have been taken to meet our strategic goals and, while much more remains to be done, we look forward to continuing collaboration with Fannie Mae and Freddie Mac and to receiving input from stakeholders as we move forward.”
Interested parties are invited to provide written input on this report via email to: ConservatorshipStrategicPlan@fhfa.gov.
Media: Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030
Consumers: Consumer Communications or (202) 649-3811