Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Forum Posts

Send Article via Email

Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 7 and 6 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
This email was sent to you by:
Anonymous |
Mortgage News Daily

Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
FHFA Reports on Achievements in FY2012
Posted to: MND NewsWire
Friday, November 16, 2012 10:53 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

The Federal Housing Finance Agency (FHFA) released its 2012 Performance and Accountability Report (PAR) on Thursday and announced that its financial statement therein had received an unqualified or "clean" audit opinion from the U.S. Government Accountability Office for the fourth consecutive year.  

The PAR details the agency's activities as conservator of Fannie Mae and Freddie Mac (the GSEs) and as regulator of the 12 Federal Home Loan Banks (FHLBs) and discusses highlights, collective efforts to assist homeowners, and the remaining challenges and ongoing initiatives to ensure the agency meets its strategic goals for the FY2012.

Among the key FHFA accomplishments detailed in the PAR:

  • Provided results and conclusions of 2011 examinations of Fannie Mae, Freddie Mac and the FHLBs in FHFA's annual Report to Congress.
  • Produced A Strategic Plan for Enterprise Conservatorships, with a roadmap for the FHFA and the GSEs in the next phase of the conservatorships then incorporated it into a new four-year strategic plan for FHFA.
  • Established a new Office of Strategic Initiatives to coordinate and oversee the activities associated with the conservatorship plan.
  • Issued a white paper, Building a New Infrastructure for the Secondary Mortgage Market, which proposes a common securitization platform for both GSEs.
  • Appointed new chief executive officers for Fannie Mae and Freddie Mac and increased and realigned FHFA staff supervising the companies.
  • Worked with the GSEs to complete foreclosure prevention actions and enhanced the Home Affordable Refinance Program (HARP) to increase refinances.
  • Completed first real estate owned pilot initiative to dispose of approximately 1,772 Fannie Mae single-family foreclosed properties in areas hardest hit in the housing downturn.
  • Terminated cease and desist order on the Chicago FHLB due to improvements in the bank's financial and capital positions and deemed the Seattle FHLB "adequately capitalized" due to a strengthening of its capital position.

The complete report is available at

More from MND:


If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%