What is the role of the Federal Housing Finance Agency (FHFA)?

The role of the Federal Housing Finance Agency (FHFA) is to regulate and supervise the Federal Home Loan Bank System, government-sponsored enterprises (GSEs) including Fannie Mae and Freddie Mac, and the Federal Home Loan Mortgage Corporation (FHLMC). Its primary objective is to ensure the stability, liquidity, and affordability of the US housing market and the availability of mortgage financing. FHFA sets guidelines, standards, and regulations for GSEs, monitors their compliance, and manages their conservatorship in times of financial distress. It also oversees efforts to expand homeownership opportunities, promote fair lending practices, and support the Federal Reserve's housing and mortgage market policies. Ultimately, FHFA plays a crucial role in maintaining a strong and resilient housing finance system to protect consumers and stabilize the US economy.