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 Page ImageFair Lending Map
 Image Caption​​​​​​​​​​​​​​​ 
​​​​​​​​FAIR LENDING OVERSIGHT​​
 Fair Lending Oversight Program Policy Programs 2024 TechSprint: Generative AI in Housing Finance Affordable Housing & Community Investment Climate Change and ESG FHLBank System at 100: Focusing on the Future FHLBank System at 100: Report Implementation Duty to Serve Program Enterprise Housing Goals Fair Lending Oversight Program Financial Technology Fraud Prevention Velocity: A Tech Sprint from the Federal Housing Finance Agency Housing Finance Examiner Commission Program Loss Mitigation National Mortgage Database Program Neighborhood Stabilization Initiative (NSI)
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 Policy, Programs & Research
 Programs
 FAIR LENDING OVERSIGHT  The Federal Housing Finance Agency (FHFA) is committed to careful fair lending oversight of the r​egulated entities. Fair lending is central to the principles under which the U.S. housing finance system operates and is a requirement of law. FHFA will never tolerate illegal discrimination by the regulated entities. In 2018, FHFA created the Office of Fair Lending Oversight (OFLO) to ensure that the regulated entities operate consistently with the public interest and with sufficient overall risk management by providing fair, equitable, and nondiscriminatory access to credit and housing. OFLO also works to advance equity through its Equitable Housing Finance Program and internal policy assessments.  We want to hear from you. Questions and feedback on FHFA’s fair lending program can be directed to 
   FairLending@fhfa.gov. Proposed Rulemaking on Fair Lending Oversight  FHFA is seeking comment on a proposed rule that would formalize many of the Agency’s ​existing practices and programs regarding fair housing and fair lending oversight of its regulated entities. Specifically, the proposed rule would codify in regulation: FHFA’s fair lending oversight requirements for Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (Banks); 
   the requirements for the Enterprises to maintain Equitable Housing Finance Plans; and 
   the requirements for the Enterprises to collect and report homeownership education, housing counseling, and language preference information from the Supplemental Consumer Information Form (SCIF). The rule would also expand requirements for the Enterprises in fair lending compliance and provide greater oversight and transparency regarding the Equitable Housing Finance Plans. FHFA invites comments on the proposed rule within 60 days of its publication in the Federal Register. Comments on the proposed rule should be 
   submitted electronically or via mail to the Federal Housing Finance Agency, Office of General Counsel, Attention: Comments/RIN-2590-AB29, 400 7th Street, S.W., Washington, D.C., 20219. 
   Notice of Proposed Rulemaking Resources Memorandum of Understanding with the Department of Housing and Urban Development (HUD) (August 2021) – The MOU sets out a framework to enhance both Agencies' enforcement of the Fair Housing Act. The MOU is an important mechanism that strengthens the Agencies' ability to enforce fair housing and fair lending requirements, by promoting information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of the Enterprises.
      Statement on Special Purpose Credit Programs as a Remedy for Disparities in Access to Homeownership (December 2021)
      Interagency Statement on Special Purpose Credit Programs​ (February 2022)
      FHFA's Language Access Policy  Policy Analysis   As conservator of the Enterprises, FHFA conducts both fair lending and equity assessments of Enterprise programs, initiatives, and policies. OFLO provides technical assistance and policy-related oversight to the FHLBanks. OFLO contributes to FHFA's Insights Blog by providing commentary on new developments impacting fair lending and information about FHFA's fair lending approach. Understanding the Climate’s Impact on Vulnerable Populations ​(November 2023) 
   Asian Americans, Native Hawaiians, and Pacific Islanders: Visible Together (May 2023)
   Reducing Valuation Bias by Addressing Appraiser and Property Valuation Commentary(December 2021) 
   Land Use Regulation and Enterprise Market Share Across Cities(October 2021) 
   Latino Diversity and Complexity: The Importance of Data Disaggregation(September 2021) FHFA also announces policy updates and clarifications on the regulated entities' programs, products, and activities. HUD and FHFA Announce Clarifications to Freddie Mac's Policies on Purchasing Mortgages Secured by Group Homes(September 2021) Dat​a and Reporting  FHFA monitors fair lending data and risk presented by regulated entity activities.  Our 
   Fair Lending Data page presents information on single-family automated underwriting system applications and loans acquired by the Enterprises subset by race and ethnicity, as well as primary market lender aggregate approval rates subset by race and ethnicity.  Information on our data methodology and definitions is located on the Data Notes section of the dashboard. Fair Lending Reporting Orders FHFA has also issued Orders on Fair Lending Reporting to the Enterprises. The orders require the Enterprises to submit quarterly reports to FHFA with fair lending information and data to improve the Agency's fair lending supervision and monitoring capabilities. Fannie Mae Fair Lending Reporting Order
   Freddie Mac Fair Lendin​g Reporting Order Equitable Housing Finance Program Overview  Fannie Mae and Freddie Mac published their Equitable Housing Finance Plans (EHFPs) for the 2022-2024 plan cycle in June 2022. The Enterprises will update these plans annually. The plans identify and address barriers to sustainable housing opportunities, including the Enterprises' goals and action plans to advance equity in housing finance for the next three years. FHFA also requires the Enterprises to publish annual performance reports on the actions undertaken during the prior year to implement their plans. In 2021, FHFA issued a Request for Input (RFI) that sought public input to aid the Enterprises in preparing their first plans and to aid FHFA in overseeing the plans. FHFA also hosted a public listening session to allow for additional public input. FHFA will continue to solicit public input annually. To access both the RFI and the listening session, please view 
      RFI page.
   To view a list of currently approved pilots associated with the plan, please view 
      Enterprise Pilots page.
   To view a summary, please view the 
      FHFA Summary of Enterprise Equitable Housing Finance Plans. Latest on the EHFPs   currentproposedplans (1).png**Fann​ie Mae Equitable Housing Finance Plan**
                  202​2 - ​2024​ 
                  ​2023 Update 
                  2022 Performance Report 
         currentproposedplans (1).png**Freddie Mac Equitable Housing Finance Plan** 
                  2022 - 2024​ 
                  2023 Update 
                  2022 Performance Report 2023 Listening Session **Date:** 6/15/2023 **Time:** 1:00 PM EDT - 4:00 PM EDT **Location:** Virtual Video, 
   Transcript,​ ​and 
   Agenda FHFA is hosting a public listening session to solicit interim feedback on Fannie Mae and Freddie Mac’s (the Enterprises) 2022-2024 Equitable Housing Finance Plans. In April 2023, the Enterprises released their annual update to the 3-Year plan, and in 2024, will release the final annual update and performance report for the 2022-2024 plan cycle. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance Plans are designed to complement the initiatives outlined in 
   FHFA’s Strategic Plan: Fiscal Years 2022–2026 that promote the Enterprises’ safety and soundness and foster housing finance markets that provide equitable access to affordable and sustainable housing. The purpose of the listening session is to give interested parties a public opportunity to provide feedback on the 2023 updates to the Plans and the 2022 performance reports and to provide input into the 2024 annual updates. Additionally, FHFA is soliciting feedback on the content and organization of the Enterprises’ Equitable Housing Finance Plan Performance Reports. Specifically, FHFA is soliciting feedback on the following topics: Are the barriers identified to sustainable housing for Black and Latino communities correct? Are there additional barriers that should be added, or are there existing barriers that should be modified or removed? 
   Are the objectives and actions identified designed to reduce or remove the barriers? If not, what modifications should be made? 
   Are the goals within the plan specific, measurable, time-bound and designed to effectively measure impact? If not, what changes should be made? 
   Are there any methods the Enterprises should use to further engage with the public to inform updates to the plans or provide information about the plan actions? 
   Were the changes the Enterprises made to the 2022-2024 Plans (i.e., the 2023 update) were suitable and/or necessary? 
   Does the information in the Performance Reports help the public understand and assess the progress the Enterprises have made? If not, what additional information or context should be provided? Past Listening Sessions listening sessions icon 
         Enterprise Equitable Housing Finance Plans 2023 Listening Session (June 2023)
               Closing the Ga​p to Sustainable Homeownership (June 2021)
               Enterprise Equitable Housing Finance Plans RFI(September 2021) Social Bond Program Policy Social impact investing can be defined as a subset of ESG investing, and is distinguished in that it seeks to create social value, rather than minimize adverse impacts. These “impact investments” provide explicit opportunities to fund activities intended to benefit a specific class of persons or the environment. An Enterprise labeled Social Bond should positively impact borrower sustainability, affordability, and/or equity. A cornerstone of any social bond program is the specific outcomes that the program is attempting to achieve. FHFA is seeking public input and information through a 
   Request for Input (RFI) on the Enterprises’ social bond policy and program design. FHFA is soliciting input to comprehensively understand the opportunities and potential risks associated with single-family social bond issuances by the Enterprises. Enterprise Single Family Social Bond Program RFI: Introduction, Instructions, Background, and Questions 
   RFI Online-Form (select "Social Bonds" in the pull-down) Supervision Program  FHFA’s fair lending oversight program is  committed to effective, appropriately tailored supervisory measures to ensure  that the regulated entities adhere to applicable fair lending compliance  standards. FHFA has broad statutory authority to supervise the regulated  entities, including authority to monitor and gather information, conduct  supervisory examinations, and enforce compliance with law where appropriate.  FHFA as a supervisor monitors regulated entities for fair lending risk,  conducts supervisory examinations, and, when necessary, takes enforcement  action to ensure compliance with fair lending laws. Guidance  AB 2021-04: Enterprise Fair Lending and Fair Housing Compliance
   FHFA Policy Statement on Fair Lending (July 2021) – The Policy Statement communicates FHFA's co​mmitment to comprehensive fair lending oversight of the regulated entities and provides a foundation for building out FHFA's fair lending program. Mortgage Interest Rate Disparity (MIRD) Program  FHFA’s statute provides for a  program to assess whether loan pricing by lenders results in disparities for minority borrowers compared with non-minority borrowers of similar creditworthiness. If FHFA makes a preliminary finding that a pattern of disparities exists for a lender, FHFA must refer that finding to the appropriate regulatory or enforcement agency for further review. In 2021, FHFA finalized its policy approach and began referring its preliminary findings to regulatory or enforcement agencies with jurisdiction to conduct examinations or investigations into potential pricing discrimination. 
 Meet the Team Ja​mes Wylie 
            *Associate Director*
            Jonathan Liles 
            *Principal Financial Analyst*
            Scott Susin 
            *Senior Economist* 
         Fair Lending Law, Supervision, and Enforcement Branch
            Annalyce Shufelt 
            *Branch Chief* 
            Chandra Broadnax 
            *Senior Examination Specialist* 
            Lindse​y Cope 
            *Attorney Advisor* 
            Sarah Friedman 
            *Examination Specialist*
         Policy and Equity Branch
            Leda DeRosa Bloomfield 
            *Branch Chief* 
            Sidney Carter 
            *Policy Analyst* 
            Denise Lorenzen 
            *Policy Analyst* 
            Renita Roberts 
            *Policy Analyst* *​Page last updated: November 27, 2023​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​*
 
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