​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.

​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.

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.

The Federal Housing Finance Agency (FHFA or Agency) is responsible for implementing certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). Pursuant to section 342(e) of the Dodd-Frank Act, the FHFA Office of Minority and Women Inclusion (OMWI), submits this second annual report to Congress outlining the activities, successes, and challenges for the 2013 calendar year.

​FHFA is committed to providing access to agency records through a citizen-centered and results-oriented FOIA program. Its unified FOIA regulation adopted the plain language question and answer format that often is preferred for general public audiences. As a new independent agency, its FOIA working group also is thoroughly reviewing changes that could improve the efficiency, effectiveness, and transparency of the agency’s FOIA program. ​​​​

​​​Fourth Quarter 2013 Highlights

The Enterprises' Foreclosure Prevention Actions:

• Approximately 99,700 foreclosure prevention actions were completed during the fourth quarter, bringing the total to more than 3.1 million since the start of conservatorship in September 2008.

​​The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine census divisions, seasonally adjusted monthly price changes from December 2013 to January 2014 ranged from -0.3 percent in the West South Central division to +1.3 percent in the Middle Atlantic division. The 12-month changes were all positive ranging from +3.2 percent in the Middle Atlantic division to +14.0 percent in the Pacific division.

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​During 2001 OFHEO continued to ensure the Enterprises are financially safe and sound and, thereby, able to foster the strength and vitality of the nation’s housing finance system. OFHEO conducted risk-based examinations of both Enterprises, determined each Enterprise met its regulatory capital requirement throughout the year, finalized its risk-based capital rule, and continued to adapt its regulatory program to the evolution of the nation’s housing finance system and changes in the mortgage industries’ use of technology.

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​FHFA uses the purchase prices of houses with mortgages owned or guaranteed by Fannie Mae or Freddie Mac to calculate the quarterly index. Quarterly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the attachment.