Federal Housing Finance Agency (FHFA)

Definition

The regulatory and conservatory body for Freddie Mac, Fannie Mae, and 12 federal home loan banks. The agency was created by the Housing and Economic Recovery Act of 2008. Its purpose is to ensure stability and liquidity in the mortgage market by promoting appropriate loan principles in the affordable housing sectors. This oversight is intended to stimulate wiser decision making, policy implementation, and institutional practices.
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Federal Housing Administration Federal Housing Finance Board