The Federal Housing Finance Agency (FHFA) today released its 2023 Report to Congress. The statutorily-required report provides information about the Agency’s 2023 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. It also describes FHFA’s actions as conservator of Fannie Mae and Freddie Mac and provides an overview of FHFA’s regulatory activities, research, and publications issued during the year.
“I am proud to report on FHFA’s numerous accomplishments in 2023,” said Director Sandra L. Thompson. “We continue to fulfill our responsibility to ensure our regulated entities support affordable, sustainable, and equitable access to housing finance and community investment by operating in a safe and sound manner.”
In addition to the customary reporting on the financial condition of FHFA’s regulated entities and their mission activities, this year’s report for the first time includes information on FHFA’s implementation of the Prior Approval for Enterprise Products regulation. This year’s report also updates FHFA’s legislative recommendations to Congress, including seven recommendations that emerged from the Agency’s recent FHLBank System at 100: Focusing on the Future review and report.