What is the Federal Housing Finance Agency (FHFA)?

The Federal Housing Finance Agency (FHFA) is an independent federal agency charged with regulatory oversight of Fannie Mae, Freddie Mac, and the 11 federal home loan banks.

Created in 2008 as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the Department of Housing and Urban Development (HUD) government-sponsored enterprise mission team, the FHFA has expanded legal and regulatory authority, including the ability to place government sponsored enterprises (GSEs) into receivership or conservatorship.

The FHFA has had conservatorship over Fannie Mae and Freddie Mac since 2008. The FHFA is not to be confused with the Federal Housing Administration (FHA), which largely provides mortgage insurance.