Federal Housing Finance Agency in the United States

The Federal Housing and Finance Agency promotes a stable and liquid mortgage
market, affordable housing, and community investment through safety and soundness
oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

The Federal Housing and Finance Agency (FHFA) was established by the Federal
Housing Finance Regulatory Reform Act of 2008 (12 U.S.C. 4501 et seq.) as an
independent agency in the executive branch. The FHFA is the result of the
Federal Housing Finance Board and the Office of Federal Housing Enterprise
Oversight merging and the Department of Housing and Urban Development’s
Government-sponsored enterprise mission team being transferred into the
Agency.

FHFA is managed by a Director who is appointed by the President and
con?rmed by the Senate. FHFA’s Director also serves as the Chairman of the
Federal Housing Oversight Board. The Secretary of the Treasury, the Secretary of
Housing and Urban Development, and the Securities and Exchange Commission Chairman are also members of the Board.

FHFA was created to ensure the security and supervision of Fannie Mae,
Freddie Mac, the 12 Federal Home Loan Banks, and the Office of Finance. The
Agency’s increased regulatory powers and affordable housing goals were
designed to restore con?dence in the 14 Government-sponsored loan enterprises,
enabling these entities to provide more effective assistance to troubled mortgage
markets.

Activities

FHFA practices oversight to strengthen vital components of the Nation’s
secondary mortgage markets. It oversees maintenance of adequate capital and
internal controls; operations that foster ef?cient, competitive, and resilient
national housing ?nance markets, including activities related to home
mortgages for low- and moderate-income families; compliance with the rules, regulations, guidelines, and orders issued by FHFA and the authorizing statutes;
and lending practices consistent with the public interest.

For further information, contact the Office of External Relations, Federal Housing Finance Agency, 1700 G Street NW., Washington, DC 20552. Phone, 866–796–5595. Email, fhfainfo@fhfa.gov. Internet, http://www.fhfa.gov.