The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the private sector through a variety of transactions in both the single-family and multifamily markets.

The Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to submit an annual report to Congress on the collateral pledged to the FHLBanks, including an analysis of collateral by type and by FHLBank district. FHFA’s Report on Collateral Pledged to Federal Home Loan Banks provides the required information as well as additional analysis of data on the types and amounts of collateral pledged to the FHLBanks to secure advances and other collateralized products offered by the FHLBanks to their members.

3Q23 Highlights — Foreclosure Prevention

The Enterprises' Foreclosure Prevention Actions:

• ​The Enterprises completed 43,356 foreclosure prevention actions in the third quarter of 2023, bringing the total to 6,861,827 since the start of conservatorships in September 2008. Of these actions, 6,157,046 have helped troubled homeowners stay in their homes, including 2,669,434 permanent loan modifications.

​​This report describes the Federal Housing Finance Agency's (FHFA) compliance with the Plain Writing Act of 2010 (Act).  The purpose of the Act is to improve the effectiveness and accountability of federal agencies to the public by promoting clear government communication that the public can understand and use.