FHFA Report Details Progress on the 2015 Scorecard for Fannie Mae and Freddie Mac
Investor Update
March 3, 2016
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the activities Fannie Mae and Freddie Mac (the Enterprises) took in 2015 in furtherance of FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build.
The Progress Report details efforts taken to counter the restrained access to credit for creditworthy borrowers, help financially struggling borrowers and hardest-hit communities avoid or mitigate the impact of foreclosures, and support affordable multifamily lending. The Progress Report also describes the Enterprises’ credit risk transfer programs and other activities to increase the role of private capital in the secondary mortgage market, as well as their ongoing work to develop the Common Securitization Platform and a Single Security. In addition, the Progress Report describes Fannie Mae and Freddie Mac’s actions to promote diversity and inclusion in furtherance of the strategic goals of the conservatorships.
“This Progress Report underscores our commitment to accomplishing our goals of fostering liquidity and efficiency in the housing finance markets, reducing risk to taxpayers, and building a new mortgage securitization infrastructure, and our commitment to doing so in a safe and sound manner,” said FHFA Director Melvin L. Watt. “Working collaboratively with Fannie Mae and Freddie Mac, we have accomplished a tremendous amount over the past year and we look forward to building on this success in 2016.”
Interested parties are invited to provide written input on this report via email to: ConservatorshipStrategicPlan@FHFA.gov.
Link to Progress Report
Contacts: Media: Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030
Consumers: Consumer Communications or (202) 649-3811
Source: FHFA