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      and Freddie Mac​​As conservator, FHFA is focused on ensuring that each Enterprise builds capital and improves its safety and soundness.
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 Policy Policy Credit Risk Transfer Pilot Transparency Credit Scores Deemed-Issuance Ratio Executive Compensation Fannie Mae & Freddie Mac Affordable Housing Allocations Fannie Mae & Freddie Mac Multifamily Businesses Fannie Mae & Freddie Mac Private Mortgage Insurer Eligibility Requirements (PMIERs) Guarantee Fees Language Access Mortgage Servicing Non-Performing and Re-Performing Loan Sales Representation and Warranty Framework Single Security Initiative and Common Securitization Platform Tenant Protections
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 Policy, Programs & Research
 Policy  Credit Risk Transfer ​ 
         Information about Fannie Mae's and Freddie Mac's credit risk transfer programs.Credit Scores 
            
            Deemed-Issuance Ratio
                     ​IRS Revenue Procedure 2018-54 calls for FHFA to determine a deemed-issuance ratio for each calendar year based on the ratio of TBA-eligible securities issued by Fannie Mae and Freddie Mac during the 24-month period ending October 31 of the preceding year. 
         ​FHFA’s review of c​hanging Fannie Mae and Freddie Mac's credit score requirements.Executive Compensation 
         Information about executive compensation for Federal Home Loan Bank directors and Fannie Mae's and Freddie Mac's senior executives.Fannie Mae & Freddie Mac Affordable Housing Allocations 
         Details on Fannie Mae's and Freddie Mac's requirement to set aside an amount of new business purchases for the Housing Trust Fund and Capital Magnet Fund.Fannie Mae & Freddie Mac Multifamily Business 
         Information and public input about Fannie Mae's and Freddie Mac's role in the multifamily business finance market.Fannie Mae & Freddie Mac Private Mortgage Insurer Eligibility Requirements (PMIERs) 
         Information about Fannie Mae's and Freddie Mac's Private Mortgage Insurer Eligibility Requirements.Guarantee Fees 
         Information about Fannie Mae's and Freddie Mac's guarantee fees.Language Access
         Information about FHFA, Fannie Mae, and Freddie Mac's efforts to promote access to credit for borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process.Mortgage Servicing
         FHFA and Fannie Mae and Freddie Mac (the Enterprises) have jointly sought to promote servicing market liquidity and a positive borrower experience.  As part of these efforts, FHFA has directed the Enterprises to implement a number of structured initiatives throughout the years.Non-Performing and Reperforming Loan Sales
             
             
            Pilot Transparency 
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         Information about FHFA’s requirements for the sale of non-performing and reperforming loans by Freddie Mac and Fannie Mae. 
            
             
            ​​Information about new or "pilot" activities underta​ken by Freddie Mac andFannie Mae.Principal Reduction Modification 
         Information about targeted Principal Reduction Modification program FHFA has directed the Enterprises to implement.Real Estate Owned (REO) 
         Information about new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac.Representation and Warranty Framework 
         Information about Fannie Mae and Freddie Mac’s Representation and Warranty FrameworkSingle Security Initiative and Common Securitization Platform 
         Information and public input about the development of and planned issuance by Fannie Mae and Freddie Mac of a common, single mortgage-backed security to be known as the Uniform Mortgage-Backed Security and about the a new securitization infrastructure that will support their single-family mortgage securitization activities. FHFATenant Protections 
         Information on resident-centered practices at multifamily properties backed by Fannie Mae and Freddie Mac. *Page Last Updated: January 3, 2024​​​​​​​​​​*
 
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