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News Now

Washington
FHFA seeks comments on next strategic plan
WASHINGTON (8/18/14)--The Federal Housing Finance Agency (FHFA) is requesting input for its strategic plan for the fiscal year 2015-2019. The plan outlines the agency's priorities as regulator for the Federal Home Loan Bank System, as well as regulator and conservator of government-sponsored enterprises Fannie Mae and Freddie Mac.

The plan sets forth three goals for the agency: to ensure safe and sound regulated entities, ensure liquidity stability and access in housing finance and to manage the ongoing conservatorships of Fannie Mae and Freddie Mac.

To ensure the liquidity, stability and access in housing finance, the FHFA's strategies include:
  •  
  • Work to ensure ongoing liquidity in the marketplace for new mortgages and mortgage refinancings and continue the critical tasks of foreclosure prevention and loss mitigation;

  • Monitor access to mortgage credit by assessing trends in the availability of mortgage credit to both single-family and multifamily borrowers;

  • Support multifamily housing needs with a focus on the affordable and underserved segments of the market. The agency expects the enterprises to maintain a multifamily liquidity presence in all geographic areas and through all market cycles with a focus on the affordable segment of the market;

  • Collaborate with other federal regulators to identify and address foreign and domestic risks, to coordinate supervision efforts consistent with each agency's respective examination and supervision responsibilities, to complete inter-agency rulemakings and to pursue efforts that streamline and increase efficiency of regulatory activities; and

  • Monitor housing markets and conduct independent studies and reports that analyze various factors impacting access to housing finance for qualified borrowers and financial institutions. The information resulting from this analysis will contribute to FHFA's ability to ensure liquidity, stability and access in the housing finance markets.

Comments must be received by Sept. 15.

Use the resource link to access the full report, and for more information on how to comment.
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