Skip to main content

FHFA releases 2009 Performance and Accountability Report
Nov 16, 2009

Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) has released FHFA’s 2009 Performance and Accountability Report (PAR) detailing the agency’s performance and achievements for fiscal year 2009. “FHFA played a leadership role in working with other government agencies, the housing GSEs, and market participants in responding to the housing finance crisis,” said DeMarco. “In particular, FHFA played a key role with the Obama Administration in developing and implementing the Making Home Affordable Program, a series of initiatives designed to avoid preventable foreclosures and to enable households to refinance into lower cost mortgages.” During the fiscal year covered by the PAR, FHFA conducted examinations and targeted supervisory reviews at Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks (FHLBanks) to assess their safety and soundness and their support for housing finance and affordable housing. In addition to these supervisory activities, including completing the first full year of overseeing Fannie Mae and Freddie Mac in conservatorship, the report describes FHFA’s accomplishments in establishing itself as a new agency. The report explains the steps FHFA took to stand up the new agency, created by the Housing and Economic Recovery Act on July 30, 2008. In its first full year in existence, FHFA received an unqualified audit opinion from the Government Accountability Office (GAO). Key actions detailed in the PAR: ► FHFA successfully integrated the Federal Housing Finance Board (FHFB), Office of Federal Housing Enterprise Oversight (OFHEO) and Department of Housing and Urban Development (HUD) staff in less than 90 days, nine months earlier than required by law. ► FHFA coordinated the actions of Fannie Mae and Freddie Mac to suspend foreclosures of owner-occupied homes from Nov. 26, 2008 until Jan. 31, 2009, and encouraged the companies to update their tenant eviction and foreclosure sale suspension plans. ► FHFA helped develop the Administration’s Making Home Affordable (MHA) program. ► FHFA released its first Annual Report to Congress in May, detailing annual examinations of Fannie Mae, Freddie Mac, and the FHLBanks. ► FHFA successfully combined the personnel and financial systems of its two predecessor agencies (FHFB and OFHEO) and established an information technology infrastructure to serve the new agency. ► Edward J. DeMarco became Acting Director of FHFA in a smooth transition succeeding FHFA Director James B. Lockhart III. Click here for a complete copy of the FHFA’s 2009 Performance and Accountability Report (PAR). For more information, visit  
Nov 16, 2009
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021