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                        About Us
                        What We Do
                        Pilot Transparency
    About Us
Pilot Transparency
Pilot activities help to ensure that the expansion of affordable, sustainable, and healthy housing options for consumers follow a safe and sound structure.
What is a pilot?

Pilots involve limited scope testing of hypotheses to compare expected results to actual results and helps us make informed decisions regarding market rollout.

How are pilots developed?

We consider many factors when pilots are being developed including:

Business requirements
	Legal and regulatory requirements
	Success measures
	Timelines
	Appropriate market participantsPrior to launching a pilot, we:

Identify the problem we are trying to solve
	Develop the pilot objectives and metrics to track performanceWe monitor throughout the pilot lifecycle and determine whether to:

End the pilot
	Continue the pilot to test additional variables
	Deploy the innovation to the market

The pilot list will be refreshed on a biannual cadence at month-end April and October.
  
  
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  **Name**
			**Description**
			**Status**
			**Plan Alignment**
			**Scope/Duration****Automated validation of income**
			Assess how to provide income, employment, and asset validation through an asset report. The objective is to simplify the provision of the verification services on Single-Family loans and reduce costs.
			Active
			
			October 19, 2017 – April 30, 2024**Appraisal modernization**
			Assess new processes to improve Single-Family valuation models, time efficiency, and reliability of real estate appraisals. This valuation process provides alternative options to conduct a property inspection that is leveraged by an appraiser who analyzes the inspection data and determines value.
			Active
			Equitable Housing Finance
			October 26, 2017 – December 31, 2024**Shared equity program certification system**
			Assess whether providing lenders with safe harbor for certain community land trust Selling Guide requirements will increase lender participation in the shared equity market and grow the volume of shared equity loans delivered to Fannie Mae.
			Active
			Duty to Serve
			April 9, 2021 – December 31, 2023**Nonprofit acquisitions of REO in disaster areas**
			Permit a nonprofit entity to be qualified as a Single-Family borrower with the objective of supporting FEMA-declared disaster areas to rebuild and preserve the availability of affordable rental housing.
			Active
			Duty to Serve
			November 18, 2021 – February 29, 2024
			Magalia, CA and Paradise, CA**Resident-owned communities**
			Advances our Duty to Serve Underserved Markets Plan for the Manufactured Housing Market, specifically, Duty to Serve Regulatory Activity: Manufactured housing communities owned by a governmental entity, non-profit organization, or residents.
			Active
			Duty to Serve
			January 7, 2019 - April 30, 2025**Expanded Housing Choice**
			This pilot aims to remove barriers to housing by incentivizing borrowers to accept housing choice vouchers. The pilot will initially focus on two states that do not have source of income protections--Texas and North Carolina.
			Active
			Duty to Serve
			24-month pilot period starting on April 4, 2022 in Texas and North Carolina**Accessory Dwelling Units (ADUs)**
			Assessing whether the expansion of financing options for Single-Family homes with ADUs increases affordable supply of housing options.
			Active
			Duty to Serve
			September 9, 2021 – June 30, 2024**Multifamily Positive Rent Payment**
			This pilot aims to increase on-time rent reporting at Multifamily properties to credit bureaus for inclusion in individual renter’s credit scores. Rent reporting is aligned with the Multifamily strategy to empower renters through (1) education, (2) access to stable, affordable housing, and (3) financial stability.
			Active
			Equitable Housing Finance
			Duty to Serve
			September 27, 2022 - December 31, 2024**Fannie Mae Special Purpose Credit Program (SPCP)**
			Assess whether a Fannie Mae offering of the Special Purpose Credit Program (SPCP) with Geographical First Time Homebuyer Flexibilities is effective in knocking down barriers to close the Black and Latino homeownership gap.
			Active
			Equitable Housing Finance
			October 19, 2022 - October 31, 2024 subject to periodic evaluation and volume limitations**Homebuyer Readiness Snapshot**
			Assess whether providing housing counselors with early information about how ready a consumer might be to apply for a conventional mortgage loan enables the counselors to provide "actionable" guidance to the consumer and improve the consumer's understanding of their readiness to apply for a conventional mortgage with a lender.
			Active
			
			June 15, 2023 - March 15, 2024

  

  Frequently Asked Questions
General Questions
        
    Why is Fannie Mae publishing a list of active pilots?
    In January 2022, the Federal Housing Finance Agency (FHFA) directed the GSEs to establish a framework for providing transparency into pilot programs.
              How often will the list be refreshed?
    The pilot list will be refreshed on a bi-annual cadence at month-end April and October.

Questions on Participating
Will the Pilots published on the pilot list be open to all Seller/Servicers and/or Technology Service providers?
    Fannie Mae will focus our efforts and provide priority to those who are most aligned with helping Fannie Mae and the industry deliver on pilot-related business. We would hope to expand these opportunities to the market more broadly as use cases and pilot hypotheses are proven out.
              Will you disclose which Seller/Servicers/TSPs are participating in the various pilots/initiatives?
    Fannie Mae generally does not publicly discuss its business relationships with Seller/Servicers and/or TSPs.
              How do I find out more about the pilots published on the pilot list?
    Each of the active pilots are at different stages of their development. Seller/Servicers can contact their account team, and TSPs can contact their Fannie Mae Digital Alliances manager to learn more.

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