In December, the Federal Housing Finance Agency (FHFA) released the 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, which identifies the key priorities to help strengthen the home-buying market and specifically advance more housing choices to increase affordability.
The FHFA regulates government-sponsored enterprises (GSEs) including Fannie Mae, Freddie Mac, and their joint venture, Common Securitization Solutions, LLC. These GSEs are a part of the housing finance market, and to expand the availability of mortgages to low- and moderate- income families.
FHFA will assess the agencies on their work in the following areas:
- “Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid, efficient, competitive and resilient national housing finance markets;
- Reduce taxpayer risk through increasing the role of private capital in the mortgage market; and
- Build a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.”
In carrying out these goals, FHFA encourages targeted research and analysis in specific areas including workforce housing, affordability in high-cost and very-high cost areas, and small multifamily properties.