Recent News

U.S. Department of Housing and Urban Development Housing Finance Reform Plan
Sept. 5, 2019

U.S. Department of the Treasury Housing Reform Plan
Sept. 5, 2019

Memorandum on Federal Housing Finance Reform, Economy & Jobs
March 27, 2019

Senate Banking Committee Chairman Mike Crapo Releases Housing Finance Reform Outline
February 1, 2019

Obama Administration Plan Provides Path Forward for Reforming America's Housing Finance Market, Winding down Fannie Mae and Freddie Mac (February 11, 2011)

Reforming America's Housing Finance Market: A Report to Congress
Treasury Department and HUD, February 2011

Statement from FHFA Acting Director Edward J. DeMarco on the Administration's Housing Finance Reform Report (February 11, 2011)

Chairman Camp Announces First in a Series of Hearings on Fundamental Tax Reform (January 20, 2011)

Hearings about GSE Reform

Senate Banking Committee Hearing, "Housing Finance Reform: Essential Elements of the Multifamily Housing Finance System
October 9, 2013

Thomas S. Bozzuto, Chairman and CEO, The Bozzuto Group, on behalf of the National Multi Housing Council and National Apartment Association

E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital, Key Corporate Bank, on behalf of the Mortgage Bankers Association

Shekar Narasimhan, Managing Partner, Beekman Advisors

Terri Ludwig, President and CEO, Enterprise Community Partners, Incorporated

Legislative Hearing on Immediate Steps to Protect Taxpayers from the Ongoing Bailout of Fannie Mae and Freddie Mac
March 31, 2011

Mr. Edward J. DeMarco, Acting Director, Federal Housing Finance Agency

The Honorable John H. Dalton, President, Housing Policy Council, The Financial Services Roundtable

Mr. Christoper Papagianis, Managing Director, Economics21

Mr. Edward Pinto, Resident Fellow, American Enterprise Institute

Mr. Bob Nielsen, Chairman of the Board, National Association of Home Builders

Mr. Ronald Phipps, President, National Association of Realtors

Ms. Susan M. Wachter, Professor, The Wharton School, University of Pennsylvania

Legislation

Pay Back the Tax-payers Act of 2015
(Introduced January 27, 2015)

HOME Forward Act of 2014
(March 27, 2014)

Topline Summary
Detailed Summary
Discussion Draft

Housing Finance Reform and Taxpayer Protection Act of 2014
(March 16, 2014)

Summary of Senate Banking Committee Leaders’ Bipartisan Housing Finance Reform Draft

Section by Section of the Housing Finance Reform and Taxpayer Protection Act of 2014

H.R. 2767, Protecting American Taxpayers and Homeowners Act of 2013 (PATH Act)
(July 22, 2013)

S. 1217, Housing Finance Reform and Taxpayer Protection Act of 2013
(June 25, 2013)

S. 1376, FHA Solvency Act of 2013

Comparison of House and Senate Housing Reform Legislation
Housing Policy Council, August 8, 2013

H.R. ____, Housing Finance Reform Act of 2011
(not yet formally introduced)

H.R. 1227, GSE Risk and Activities Limitation Act of 2011
(March 29, 2011)

More information

H.R. 1226, GSE Mission Improvement Act of 2011
(March 29, 2011)

More information

H.R. 1225, GSE Debt Issuance Approval Act of 2011
(March 29, 2011)

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H.R. 1224, GSE Credit Risk Equitable Treatment Act of 2011
(March 29, 2011)

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H.R. 1223, GSE Portfolio Risk Reduction Act
(March 29, 2011)

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H.R. 1222, GSE Credit Risk Equitable Treatment Act of 2011
(March 29, 2011)

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H.R. 1221, Equity in Government Compensation Act of 2011
(March 29, 2011)

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H.R. 31, Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011
(January 5, 2011)

More information

Reports & Research

Key Principles for Preserving Liquidity and Stability for Multifamily in a Reformed Housing System
National Multi Housing Council and National Apartment Association, December 2012

Fannie Mae and Workforce Rental Housing
Fannie Mae, May 3, 2011

Fannie Mae's Role in the Small Multifamily Loan Market
Fannie Mae, May 3, 2011

Report on Fannie Mae's Mission Activities
Fannie Mae, April 2011

Reforming America's Housing Finance Market: A Report to Congress
Treasury Department and HUD, February 2011

Future Housing Secondary Market Entities, Their Affordable Housing Responsibility, and the State HFA Opportunity
National Council of State Housing Agencies

Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market
Congressional Budget Office (December 23, 2010)

Government-Sponsored Enterprises and Multifamily Housing Finance: Refocusing on Core Functions
Recap Real Estate Advisors, Commissioned by the National Housing Conference, October 2011

Improving U.S. Housing Finance through Reform of Fannie Mae and Freddie Mac: Assessing the Options
By Ingrid Gould Ellen, John Napier Tye, and Mark A. Willis; NYU Furman Center for Real Estate and Urban Policy (May 2010)

Fannie Mae, Freddie Mac, and Housing Finance: Why True Privatization Is Good Public Policy
Lawrence J. White, Stern School of Busines, New York University, Prepared for the Cato Foundation (August 11, 2004)

Federal Housing Finance Agency (FHFA)

Announcements, Reports & Rules

Duty to Serve Evaluation Guidance 2018-2020 Plan Cycle (January 13, 2017)

Final Rule (Dec. 13, 2016)
Fannie Mae & Freddie Mac Duty to Serve Program Fact Sheet (Dec. 13, 2016)

Fannie Mae and Freddie Mac 2014 and Final 2015-2017 Housing Goals (August 19, 2015)

2015-2017 Enterprise Housing Goals Final Rule (August 19, 2015)

FHFA Progress Report on the Implementation of FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac (March 16, 2015)

FHFA Ends Temporary Suspension of Freddie Mac Contributions to Housing Trust Fund and Capital Magnet Fund (December 11, 2014)

FHFA Ends Temporary Suspension of Fannie Mae Contributions to Housing Trust Fund and Capital Magnet Fund (December 11, 2014)

Interim Final Rule on Fannie Mae, Freddie Mac Contributions to Housing Trust Fund, Capital Magnet Fund (December 16, 2014)

FHFA Seeks Public Input on Reducing Fannie Mae and Freddie Mac Multifamily Businesses (August 9, 2013)

FHFA 2012-2014 Enterprise Housing Goals (November 13, 2012)

2012-2014 Enterprise Housing Goals (June 11, 2012)

A Strategic Plac for Enterprise Conservatorships: The Next Chapter in a Story that Needs an Ending (February 21, 2012)

FHFA Report to Congress 2010 (June 13, 2011)

News Release: FHFA Announces Organizational Changes and New Positions (February 2, 2011)

FHFA Supervision Committee Chart

News Release: FHFA Establishes New Housing Goals for Fannie Mae and Freddie Mac (September 2, 2010)

Final Rule 2010-2011 Enterprise Housing Goals; Enterprise Book-entry Procedures (September 2, 2010)

First Conservator’s Report on the Enterprises’ Financial Condition (August 26, 2010)

News Release: FHFA Proposes Rule on Conservatorship and Receivership Operations for Fannie Mae, Freddie Mac and Federal Home Loan Banks (July 6, 2010)

Notice of Proposed Rulemaking; Request for Comments: Conservatorship and Receivership (July 6, 2010)

News Release: FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets (June 1, 2010)

Notice of Proposed Rulemaking; Request for Comments: Enterprise Duty To Serve Underserved Markets (June 7, 2010)

Statement of Edward J. DeMarco, Acting Director, Federal Housing Finance Agency Before the U.S. House of Representatives Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises ( May 26, 2010)

FHFA Report to Congress 2009 (May 25, 2010)

News Release: Federal Housing Finance Agency Proposes New Housing Goals for Fannie Mae and Freddie Mac (February 17, 2010)

Advance Copy of Proposed Rule (Febuary 17, 2010)

Technical Appendix to Proposed Rule (Febuary 17, 2010)

FHFA Mortgage Market Note: The Housing Goals of Fannie Mae and Freddie Mac in the Context of the Mortgage Market: 1996–2009 (February 1, 2010)

FHFA Releases Letter on the Status of the Conservatorship of Fannie Mae and Freddie Mac (February 2, 2010)

FHFA Comment Request: Duty To Serve Underserved Markets for Enterprises (August 4, 2009)

Press Release: FHFA Releases First Five-Year Strategic Plan (July 9, 2009)

FHFA Strategic Plan 2009-2014 (July 9, 2009)

Federal Housing Finance Agency Statement of Support for Multifamily Housing Finance Activities of the Enterprises While in Conservatorship (September 12, 2008)

Statement of Treasury Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers (September 7, 2008)

Statement of FHFA Director James B. Lockhart (September 7, 2008)

Notice of Establishment of a New Independent Agency: Federal Housing Finance Agency (September 9, 2008)

H.R. 3221, The Housing and Economic Recovery Act of 2008
Public Law No: 110-289

Biography of David M. Moffett

Biography of Herbert M. Allison

Conservatorship Fact Sheets

Fact Sheet: Q&A on Conservatorship (September 7, 2008)

Fact Sheet: Government Sponsored Enterprise Credit Facility (September 7, 2008)

Fact Sheet: GSE Mortgage Backed Securities Purchase Program (September 7, 2008)

Fact Sheet: Treasury Senior Preferred Stock Purchase Agreement (September 7, 2008)

Response: Statements, Comments

Comments on the Proposed Rule Regarding Enterprise Duty to Underserved Markets
Affordable Housing Investors Council, March 7, 2016

Principles for Restoring Stability to the Nation's Housing Finance System
NCSHA, National Association of Home Builders, National Association of Realtors, Mortgage Bankers Association
(March 28, 2011)

Statement for the Record Before the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises on GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout
National Multi Housing Council and the National Apartment Association, (February 9, 2011)

Statement by President George W. Bush (September 7, 2008)

Sen. Dodd Statement on Plan for Government Sponsored Enterprises (September 6, 2008)

HUD Secretary Steve Preston Statement on Government Sponsored Enterprises (September 7, 2008)

Mortagage Bankers Association’s Courson Responds to Treasury/FHFA Actions on GSEs (September 7, 2008)

MBA Q&A on GSE Conservator Powers under the Housing and Economic Recovery Act

National Multi Housing Council Statement on Fannie Mae, Freddie Mac Takeover (September 8, 2008)

National Association of Home Builders Responds to Government Action on Fannie Mae, Freddie Mac (September 8, 2008)

Other Resources

Greenspan Renews Attack on Freddie Mac, Fannie Mae
Mortgage News Daily, May 20, 2005