Skip to main content

FHFA Report: GSEs Generate Positive Annual Income for First Time Since '06
Dec 16, 2013

Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has released FHFA’s 2013 Performance and Accountability Report (PAR) detailing the Agency’s progress as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the 12 Federal Home Loan Banks (FHLBs). The PAR discusses accomplishments, ongoing efforts to assist homeowners, challenges and continued efforts to meet FHFA’s strategic goals for FY 2013. For the fifth consecutive year, FHFA received an unmodified, or “clean,” audit opinion on its financial statements from the U.S. Government Accountability Office. Key developments detailed in the PAR: ►Provided results and conclusions of 2012 examinations of Fannie Mae, Freddie Mac and the FHLBs in FHFA’s annual Report to Congress. In their fourth year of conservatorships, the Enterprises were both deemed “critical concerns,” but generated positive annual income for the first time since 2006. As of Sept. 30, 2013, their cumulative draws under the Senior Preferred Stock Purchase Agreements with the U.S. Department of the Treasury totaled $187.5 billion and they have paid $146.6 billion in cash dividends to Treasury. ►Established Common Securitization Solutions (CSS), a joint venture between Fannie Mae and Freddie Mac that will manage the development of the common securitization platform and associated data and legal infrastructure and a significant goal in FHFA’s Strategic Plan for Enterprise Conservatorships. ►Achieved key FHFA 2013 Scorecard items, including Fannie Mae and Freddie Mac executing multiple risk-sharing transactions totaling more than $30 billion as a means for enticing the private sector to share single-family mortgage credit risk. ►Worked with Fannie Mae and Freddie Mac to complete more than 2.97 million foreclosure prevention actions and kicked off a national public awareness campaign to educate eligible homeowners about the Home Affordable Refinance Program (HARP) to increase refinances. As of August, nearly 2.9 million homeowners had refinanced through HARP since the program’s inception. ►Achieved third consecutive year of profitability for all 12 FHLBs in FY2013.
Dec 16, 2013
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021
Crime Stories From The Trenches

Bad brokers, renegade Realtors, treacherous title agents. It’s getting tough out there.

Regulation and Compliance
Oct 26, 2021
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021