The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2015-2019, which reflects the agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks) and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). FHFA’s strategic plan also reflects the priorities outlined for the Enterprises in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Fre
The Housing and Economic Recovery Act of 2008 requires that FHFA submit annual reports to Congress on the guarantee fees charged by the Enterprises. The Act requires an analysis of fees by product type, risk class, and the volume of a lender’s business. The report must also analyze the costs of providing the guarantee and provide a comparison to the prior year. FHFA issued the first report in 2009. Among the major findings of this report covering guarantee fees charged in 2013 are:
This report details FHFA's activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of the Enterprises for fiscal year 2014. For the sixth consecutive year, FHFA received an unmodified or "clean," audit opinion on its FY 2014 financial statements from the U.S. Government Accountability Office.
This report provides data on the levels of collateral pledged to the FHLBanks securing advances and other products offered by FHLBanks to their members and housing associates. The report includes data on the adjusted minimal level of collateral pledged to secure advances and the total collateral pledged by members and housing associates.
The Enterprises' Foreclosure Prevention Actions:
- Nearly 23,400 foreclosure prevention actions were completed in August, bringing the total to more than 3.3 million since the start of the conservatorships in September 2008.
- Half of these actions have been permanent loan modifications.
- There were more than 14,700 permanent loan modifications in August, down 16 percent compared with July.
- Approximately 23 percent of all permanent loan modifications in August included principal forbearance.
- More than 4,200 short sales and
The Federal Housing Finance Agency’s (FHFA) Federal Property Manager’s report is transmitted to Congress in accordance with Section 110 of the Emergency Economic Stabilization Act of 2008 (EESA), titled Assistance to Homeowners. Section 110 of EESA directs Federal Property Managers (FPM) to develop and implement plans to maximize assistance for homeowners and encourage servicers of underlying mortgages to take advantage of programs to minimize foreclosures. FHFA is a designated FPM in its role as conservator for Fannie Mae and Freddie Mac.
February 2014 Highlights
The Enterprises' Foreclosure Prevention Actions:
- Approximately 28,400 foreclosure prevention actions were completed in February, bringing the total to nearly 3.2 million since the start of the conservatorships in September 2008.
FHFA implemented an Open Government Plan (Plan) in Fiscal Year 2011 to communicate the goals, timelines and objectives in support of the Open Government Directive (OGD). This document reflects an update to the FHFA's Plan for FY 2012. FHFA's Open Government objective is to ensure that the information and data released to the public increases the regulatory transparency of the Federal Home Loan Banks, Fannie Mae and Freddie Mac, while supporting the stability of the mortgage market.
The Office of Information Policy requires all agencies to provide quarterly reporting for four key FOIA statistics to the Department of Justice. This report is attended to identify trends and assess agencies' progress throughout the course of the fiscal year.
The Office of Information Policy requires all agencies to provide quarterly reporting for four key FOIA statistics to the Department of Justice. This report is attended to identify trends and assess agencies' progress throughout the course of the fiscal year.