FHFA Releases Strategic Plan for 2013-2017
October 9, 2012
by

Category: News || Housing & Development, Mortgage
No Comments

Washington, DC – October 9, 2012 – (RealEstateRama) — Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco today released an updated strategic plan for FHFA for fiscal years 2013-2017 subtitled, “Preparing a Foundation for a More Efficient and Effective Housing Finance System.”

The four strategic goals included in the new FHFA plan are:

1. Safe and sound housing government-sponsored enterprises, or GSEs (Fannie Mae, Freddie Mac and Federal Home Loan Banks);

2. Stability, liquidity, and access in housing finance;
3. Preserve and conserve Enterprise (Fannie Mae and Freddie Mac) assets; and
4. Prepare for the future of housing finance in the United States.

“The initiatives and strategies set forward in this plan will serve to improve current mortgage processes, inspire greater confidence among prospective market participants, and set the stage for recovery and an improved future system of housing finance,” said DeMarco. “Working with the Congress, the Administration and FHFA’s stakeholders, I am confident that FHFA will meet the challenge of building the foundation for a safer, more efficient, and effective system of housing finance.”

The agency requested public comment on the strategic plan in May in accordance with the Government Performance and Results Modernization Act of 2010. The updated plan also incorporates key components of FHFA’s Strategic Plan for Enterprise Conservatorships released in February.

Link to Strategic Plan for FY 2013-2017

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.7 trillion in funding for the U.S. mortgage markets and financial institutions.

Contact:
Corinne Russell
(202) 649-3032
October 9, 2012
Stefanie Johnson
(202) 649-3030



 


 

Related posts:

  • Statement from NAHB Chairman Barry Rutenberg on FHFA’s GSE Reform Plan
    WASHINGTON, D.C. - February 23, 2012 - (RealEstateRama) -- Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla., today issued the following statement regarding the Federal Housing Finance Agency’s proposal to revamp housing government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
  • MBA Comments on FHFA’s Draft Strategic Plan
    WASHINGTON, D.C. - June 18, 2012 - (RealEstateRama) -- On Wednesday, June 13, 2011, the Mortgage Bankers Association (MBA) sent the attached letter to the Federal Housing Finance Agency (FHFA) in response to the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017. The letter outlines MBA’s views and recommendations as the FHFA undertakes further refinements and continues its implementation...
  • FHFA Seeks Public Input on Building a New Infrastructure for the Secondary Mortgage Market
    Washington, DC – October 8, 2012 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) today released for public input a white paper on a proposed framework for a common securitization platform and a model Pooling and Servicing Agreement. Developing a new securitization infrastructure is a key goal of the FHFA Strategic Plan for Enterprise [...]...

Recent Posts

Popular Posts