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Performance and Accountability Report ​
This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.
FHFA Values​​​​​                ​​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.​Respect​We treat others with dignity, share information and resources, and collaborate. 
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Read about the agency’s 2022 examinations of Fannie Mac, Freddie Mac and the Home Loan Bank System.
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Submit comments and provide input on FHFA Rules Open for Comment by clicking on Rulemaking and Federal Register.​
 
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Conservatorship of Fannie Mae       and Freddie Mac​​
As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness. 
Conservatorship ​Performance Goals​
1.  
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Op​​erate the bu​​sines​s in a safe a​nd sound manner.

​2.​  

​​​​​​​​​​Prom​ote su​​stainable and equitable access to affordable housing.
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2023 Scorecard​
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House Price Index Rele​ase Dates​​​See HPI Release Dates for​ 2023 and 2024​​​ 
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                                                                                    Fannie Mae & Freddie Mac                                                    Fannie Mae & Freddie MacFannie Mae & Freddie Mac Rulemaking & Federal RegisterAdvisory BulletinsReportsAbout Fannie Mae & Freddie MacFederal Home Loan Bank SystemExaminer ResourcesLegal Documents & SuspensionsRulemaking and Federal RegisterAdvisory BulletinsDodd-Frank Act Stress TestsLIBOR TransitionHome / Supervision & Regulation / Fannie Mae & Freddie MacFannie Mae & Freddie Mac
 

FHFA is responsible for ensuring that Fannie Mae and Freddie Mac operate in a safe and sound manner. This is done through prudential supervision and regulation.
Examination
FHFA’s annual examination program assesses Fannie Mae's and Freddie Mac's financial safety and soundness and overall risk management practices. 

We utilize three approaches to achieve our supervisory responsibilities:
ongoing monitoring;
targeted examinations; and
risk assessments.

We evaluate Fannie Mae's and Freddie Mac's financial condition, earnings, liquidity, and efforts taken to mitigate losses in its single-family and multifamily portfolios. 

We assess their response to continued stress in the mortgage markets and its effect on their risk profile, performance, and condition. 

Additionally, we evaluate their effectiveness of remediation of previously identified matters requiring attention. 

We also evaluate the board’s and management’s responses to deficiencies and weaknesses identified by the Enterprise’s Internal Audit Department and external auditors.

Our oversight program ensures coordination among all mission-critical supervisory functions throughout the examination process - including accounting and disclosure, capital adequacy, examination, financial analysis, and supervision infrastructure.

These interdependent assessments provide us with the basis for assigning a composite safety and soundness rating.

**[OFHEO - Predecessor Agency - Special Examination Reports]**

Report of the Special Examination of Fannie Mae - May 2006Report of Findings to Date Special Examination of Fannie Mae - September 2004    Report of the Special Examination of Freddie Mac - December 2003

 
Reporting Framework 
We use a specific framework to summarize examination results and conclusions to Fannie Mae's and Freddie Mac's board of directors and Congress.  FHFA’s examination ratings system is known as **CAMELSO.**

Read our    Annual Report to Congress.

Fannie Mae and Freddie Mac Capital Requirements

Miscellaneous Pre-2008 Guidance​
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