We play a vital role in promoting access to mortgage credit nationwide, ensuring liquidity is available for affordable rental housing, and protecting the safety and soundness of the housing finance system through our supervision of Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. Careers Do Business With Us Diversity, Equity, and Inclusion Equal Employment Opportunity / No FEAR Act Information Quality Budget, Finances, and Performance Ombudsman Workforce Ombuds FHFA Policies Contact Us Home / About FHFA The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank System, which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of Finance (OF). The Agency's mission is to ensure that Fannie Mae and Freddie Mac (the Enterprises) and the FHLBanks (together, "the regulated entities") fulfill their mission by operating in a safe and sound manner to serve as a reliable source of liquidity and funding for housing finance and community investment. Since 2008, FHFA has also served as conservator of Fannie Mae and Freddie Mac. Ensure the regulated entities fulfill their mission by operating in a safe and sound manner toserve as a reliable source of liquidity for equitable and sustainable housing finance andcommunity investment throughout the economic cycle. For FHFA’s supervisory, regulatory, and mission-related activities to support a reliable, stable, equitable, and liquid U.S. housing finance system. Our Strategic Goals Fairness We value varied perspectives and thoughts and treat others with impartiality. Accountability We are responsible for carrying out our work with transparency and professional excellence. Integrity We are committed to the highest ethical and professional standards to inspire trust and confidence in our work and in one another. Respect We treat others with dignity, share information and resources, and collaborate. Together, Fannie Mae, Freddie Mac,and the FHLBank System provide more than$8.3trillion in funding for the U.S. mortgage markets and financial institutions. Managing the Conservatorships of Fannie Mae and Freddie Mac In addition to prudential supervision and regulation of Fannie Mae and Freddie Mac, since 2008 FHFA has overseen the conservatorships of the Enterprises, in part through a scorecard that FHFA releases annually. Federal Home Loan Bank System The Federal Home Loan Bank System was created by the Federal Home Loan Bank Act as a government sponsored enterprise to support mortgage lending and related community investment. The FHLBank System provides its members (thrift institutions, commercial banks, credit unions, insurance companies, and certified community development financial institutions) with a source of funding for mortgages and asset-liability management, liquidity for their short-term needs, and additional funds for housing finance and community development. Approximately 80 percent of U.S. lending institutions rely on the FHLBanks. FHFA conducts annual examinations and regular monitoring of the FHLBanks and the Office of Finance. In addition, FHFA oversees the FHLBanks' affordable housing and community investment activities. This includes FHLBank allocations for the Affordable Housing Program, which provides funding for affordable rental housing and down payment assistance. View PDF version of 11 Federal Home Loan Bank Districts map. FHFA is a member agency of theFinancial Stability Oversight Council.The Council is charged with identifying risks to the financial stability of the United States,promoting market discipline,and responding to emerging risks to the stability of the U.S.financial system. The Council has 15 members. In addition to the Director of FHFA, the Council members are: Page last updated: March 8, 2024
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FAQs
What does the Federal Housing Finance Agency FHFA do? ›
The Federal Housing Finance Agency (FHFA) is an independent agency established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage ...
What is the difference between FHFA and FHA? ›The Federal Housing Finance Agency (FHFA) sets the loan limits on conforming conventional loans, while the FHA sets the loan limits on FHA loans based on the geography.
What does the Federal Housing Finance Board do? ›The Federal Housing Finance Agency (FHFA) provides supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
What is the loan limit for Federal Housing Finance Agency FHFA? ›Share: The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024 will rise to $766,550, an increase of $40,350 from 2023.